The Straits Times : Weekly Overseas Edition, 19 November 1988
1988-11-19
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-11-19 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, NOVEMBER 19, 1988 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration888 1988-11-19 1 SHAUN SEOW - Levy increased and limit placed on number of foreigners in firms By SHAUN SEOW THE Government this week announced a package of measures, including a higher levy, to dampen the inflow of foreign workers. It considers this necessary even though it could888 words
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212 1988-11-19 1 WORKERS TO CONTRIBUTE LESS TO CPF FROM July 1 next year, workers can expect more take-home pay when their contribution to the Central Provident Fund is cut by two percentage points to 22 per cent. The Government this week also announced that barring any212 words
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57 1988-11-19 1 KUALA LUMPUR The youth wing of New Umnn appealed to the Singapore Government yesterday not to raise the foreign workers levy, “In the interests of goodwill with the people of Malaysia’’. It said the higher levy could jeopardise the livelihood of 80,W#57 words
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677 1988-11-19 1 IT WAS our error, admitted the University of Cambridge Local Examinations Syndicate on Thursday when it “apologised unreservedly” for the change of format in Wednesday's A level English literature examination. In a letter to the Education Ministry, expressing deep regret for the677 words
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Page 1 Advertisements
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Advertisement71 1988-11-19 1 Towkay v Yuppie See Page IS mm MBL and Guinness to merge Malaysian operations PAGE 18 PM Lee in Australia PAGE 2 BACK PAGE HOME Lawyer cleared of charges of misconduct Sarsi case: F&N wins final round PAGE 3 PAGE 7 CAUSEWAY Inquiry into Penang millionaire’s mystery death PAGE 1071 words
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Advertisement10 1988-11-19 1 < X Hoifj*n6-U6 V- ¥.V. w. Y •:aoooooos*«!«fc-k^u Peace of mind.10 words
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NEWS FOCUS
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PM’s visit to Australia
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Article, Illustration643 1988-11-19 2 PATRICK DANIEL - By PATRICK DANIEL: Canberra PRIME Minister I.ee Kuan Yew has urged Australian leaders to stop the immigration debate still raging in the country as it is doing Australia no good. Asked in an Australian Broadcasting Corporation televisionPicture by YAP YEW PIANCi. - 643 words
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612 1988-11-19 2 CANBERRA The Australian Prime Minister, Mr Bob Hawke, said on Monday that the immigration debate in Australia has done more damage to Australia's image and influence in Asia than any single event in recent times. One immediate impact612 words
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Article605 1988-11-19 2 els; so on.” PATRICK DANIEL - els and so on.” PATRICK DANIEL. CANBERRA Prime Minister Lee Kuan Yew said on Monday that although Singapore has "just about made it”, the last judgment has not been passed on the many things that he and his colleagues have set in motion in Singapore.605 words
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127 1988-11-19 2 SINGAPOREANS are free to leave the Republic any time they want, says Prime Minister Lee Kuan Yew. 'Ours Is a completely open society. You can leave any time you like, you can come back any time you like (or) don’t come hack If you127 words
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Article, Illustration1288 1988-11-19 15 Modernise, modernise, modernise... The cry went out years ago to small Chinese family businesses. But there is still a gulf between Father, who thinks he knows best, and Western-educated Son (or hired manager), who thinks he knows better. Business administration lecturer JEAN LEE has graphically recorded the1,288 words
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HOME
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Article, Illustration641 1988-11-19 3 LAWYER Winston Chon Chung Ying, who was fined $4,000 by a district court five years ago for his involvement in the City Country Club (CCC) affair, has been cleared of two disciplinary charges of grass misconduct. “The nature of641 words
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Article131 1988-11-19 3 THE ringgit this week slid below 73 rents against the Singapore dollar. Although Rank Negara has allowed the ringgit to fall some 3.5 per rent over the past month, dealers in Singapore are not ruling out intervention from the Malaysian rentral hankers. The Singapore currenry131 words
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330 1988-11-19 3 LATEST excavations at Fort Canning indicate that Singapore was relatively advanced about 900 years ago, with a society of artisans and traders as well as fishermen and sailors. The evidence comes from some half dozen Chinese coins dating back to330 words
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96 1988-11-19 3 CONSUMER prices rose 1.4 per cent last month compared to the same month last year, according to the latest consumer price index (CPI) report. But compared to September, the CPI fell marginally by 0.2 per cent due mainly to cheaper food. The food96 words
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Article, Illustration308 1988-11-19 3 AN OFF-DUTY policeman who confronted and exchanged fire with a five-man gang after a robbery at a jewellery store In South Bridge Road six months ago has become the first recipient of Singapore’s highest award for bravery. Former Sgt Madhavan Nalr, who308 words
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296 1988-11-19 3 ANOTHER “invasion by bicycles” will take place next week along the East Coast of Malaysia. Like their World War II foes, a platoon of New Zealand soldiers will cycle from the Thai Malaysian border to Singapore, retracing the tracks of the Japanese forces296 words
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184 1988-11-19 3 A SINGAPORE company will start construction of a $29.26 million resort hotel near New Delhi in March next year, according to a Business Times report from New Delhi. Mr Prem Sachdev, Managing Director of LM Suvir Brothers Trading Pte Ltd, said184 words
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97 1988-11-19 3 A 44-YEAR-old man was fined $l5O the maximum under the old law for urinating in the lift lobby of Lucky Plaza on April 21. The court was told that at about 8 pm cleaner Loo Mei Fong. 39. saw Lachu Tahilram Vaswani enter97 words
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Article, Illustration753 1988-11-19 4 They will be covered against death or permanent incapacity before 55 SINdAPORKANS and permanent residents will soon be able to use their Central Provident Fund monies to buy a new low-cost insurance package covering them against premature death or permanent incapacity before753 words
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Article50 1988-11-19 4 THK interest rate on Central Provident Fund savings will be raised from 2.% per rent to 3.1 per cent for the six-month period starting from Jan 1 next year. This revises a downward trend that started since the rate was pegged to market rates in March 1986.50 words
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321 1988-11-19 4 THE Government has turned down an appeal by taxi organisations to stagger the diesel tax increases announced recently. The six taxi organisations will now meet today to discuss an increase in taxi fares to help cabbies offset the321 words
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84 1988-11-19 4 TWO crocodiles said to measure two to three metres in length have been sighted in the Sungei Seletar Reservoir. A Public rtilities Board spokesman, confirming the sighting, advised the public not to wade, swim or fish in the reservoir. “The reservoir was formed by damming84 words
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413 1988-11-19 4 THE Singapore economy is poised to pxpand by more than 10 per cent this year outstripping last year’s rate of 8.8 per cent. For the third quarter to September, growth was an impressive 11.8 per cent thanks largely to strong external demand. Next413 words
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143 1988-11-19 4 SIA voted ‘best airline by US magazine readers SINGAPORE Airlines has added another feather to its cap. it was recently voted the world’s best airline in the first annual readers’ ehoiee poll of Conde Nast Traveller, an international travel magazine published in the United States. The award was presented during143 words
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201 1988-11-19 4 A LAWYER was charged in court last week with three counts of criminal breach of trust as an agent, involving clients’ money totalling $78,000. Seah Pong Tshai, 45, was alleged to have taken $12,500, $50,000 and $15,500 respectively from Madam Lee201 words
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Article, Illustration681 1988-11-19 6 Soviet policies ‘opening door for better political and economic relations' FOREIGN Minister Wong Kan Song this week held out the possibility of better' ties with the Soviet Union as a result of policy changes in Moscow. Making his first majorspeech here as681 words
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81 1988-11-19 6 FOREIGN Minister Wong Kan Seng Indicated that press reports about Singapore sending arms to Burma were untrue. Responding to a question at a Singapore Press C lub lunch, he said it was “never our policy to confirm or deny shipments of arms to81 words
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376 1988-11-19 6 THE prospects for a settlement of the Cambodian problem are better now than ever before, Mr Wong Kan Seng. Addressing a Singapore Press Club lunch, he said the Cambodian peace process had entered a "more fluid phase". This was because serious efforts376 words
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Article34 1988-11-19 6 THE Polish national carrier, LOT, last week became the 49th airline to operate in Singapore And its inaugural flight from Warsaw brought the number of cities linked to Singapore to 101.34 words
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Article, Illustration447 1988-11-19 6 KOH BEE ANN - By KOH BEE ANN FILIPINO nurses here all young, armed with university degrees and many coming from well-off homes have found nursing in Singapore not quite their cup of tea. Among their gripes: having to make beds, which is447 words
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Article, Illustration262 1988-11-19 6 UHANGI Airport was the scene of deep sorrow on Wednesday when the body of liver transplant boy Shu Ze arrived. About 40 grieving relatives and friends met Shu Ze’s parents who accompanied his body home after the unsuccessful liver transplant operation last Thursday at Addenbrookes262 words
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Article, Illustration428 1988-11-19 7 MICHAEL LIU - No outward sign of physical abuse By MICHAEL LIU THE government-spon-sored Tampines Home has stepped in and accepted 14-year-old Yeo Kheng Siong the hyperactive boy who had previously been restrained to a chair after school as a ’‘crisis case”. This was done428 words
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261 1988-11-19 7 SINGAPORE Muslims have been urged to respond to the Government’s call for views on what to include in the national ideology to ensure that their rights would not be overridden. Dr Ahmad Mattar, the Minister in charge of Muslim Affairs, said this261 words
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Article254 1988-11-19 7 PATRICK DANIEL - PATRICK DANIEL CANBERRA Prime Minister Lee Kuan Yew, who is on an official visit to Australia, has sent his congratulations to Mr James Baker on his nomination as US Secretary of State. Mr Lee said in a letter he sent from Canberra: The letter said:254 words
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198 1988-11-19 7 BEAUTIES in vintage cars, senior citizens in trishaws and a yellow Rolls-Royce will be in the motorcade making its way down Orchard Road tonight led by a “reindeer-drawn” sleigh carrying President Wee Kim Wee and the First Lady This unique Christmas parade will kick198 words
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Article, Illustration757 1988-11-19 7 BEN DAVIDSON - Injunction didn’t cause loss to Yeo’s, says appeal court By BEN DAVIDSON FRASER Neave, a major local soft drinks manufacturer, has won its appeal against a $674,000 award made by the High Court to rival Yeo Hiap Seng in connection with757 words
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Article, Illustration542 1988-11-19 8 DOREEN SIOW - One-stop international wholesalers’ market will be the largest in the world By DOREEN SIOW A $lBO-MILLION International wholesale mart and display centre is being set up in Singapore by Japanese investors together with TDB Holdings. It will boast efforts by the542 words
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246 1988-11-19 8 HOTEL Properties has agreed to buy the Hotel Meridien Singapore and Shopping Centre on Orchard Road for $180.2 million. Earlier this year, a major shareholder of Hotel Props Hongkong-regis-tered Avant Hotels paid $99.25 million for Glass Hotel and Shopping Centre in Havelock246 words
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Article80 1988-11-19 8 FORMER Cabinet Minister, Mr S. Rajaratnam, is being honoured today by two Ceylonese associations for his services during his long years in Government. He will be presented with the “Golden Shawl” a special garland by the Ceylon Sports Club and the Singapore Ceylon Tamils’ Association at80 words
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Article48 1988-11-19 8 SIX foodstall owners have had their lleenees suspended for two weeks. They were the ones who operated cockroach-infested stalls, or flouted other rules of hygiene. The action against them eame after they chalked up 12 demerit points under the Points Demerit System Introduced last September.48 words
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117 1988-11-19 8 TO CATER to an increase in telecommunications traffic between Singapore and Hongkong, a $2OO million digital optical fibre submarine cable will be built to link the two countries. The interim agreement to plan for the construction of this cable system was signed by117 words
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Article, Illustration442 1988-11-19 8 DOREEN SIOW - By DOREEN SIOW PLANS for Tang Dynasty Village, a cultural theme park in Jurong, are going ahead despite developer Deacon Chiu being charged with conspiracy to falsify bank records in Hongkong last week. Just six months ago, the Hongkong442 words
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197 1988-11-19 8 TWO young members of the Singapore Democratic Party who stood in the last general election have been elected to key posts in the party’s central executive committee. The party elections, held at SDP’s Fourth Party Conference last Saturday, saw futures trader Jimmy197 words
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99 1988-11-19 8 THE Government has decided to extend the 50 per cent rebate on property tax, due to expire at the end of next month, by six months to June 30 next year. This was announced by the Finance Ministry in a brief statement which99 words
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Page 5 Advertisements
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Advertisement252 1988-11-19 5 The psychology of warfare is a fascinating subject. In the heat of battle, men’s minds are often pushed to the very limit. \et it is out of this cauldron of action chat great men often emerge. Men like Admiral Nelson, the supreme strategist of warfare at sea. Or Sun Tzu,252 words
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across the CAUSEWAY
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Article, Illustration312 1988-11-19 9 Wives, children join in rush to Trengganu river to seek quick riches MARANG (Trenggann) Thousands of people from Trenggann as well as the neighbouring states are converging on Kampong Roslla near here to prospect for gold. The scene has changed the last three months since news brokeBernama picture. - 312 words
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Article, Illustration141 1988-11-19 9 KUALA LUMPUR No foul language, please. That is the order sent out by the organisers of a mynah speaking contest who will bar birds that swear or screech obscenities. All mynahs entered for tomorrow’s contest in the Sea Carnival at Lumut,141 words
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Article, Illustration297 1988-11-19 9 and other relief. Bemama. KUALA LUMPUR Two Democratic Action Party MPs detained under the ISA have filed suits for damages in the High Court against Deputy Home Minister Datuk Megat Junid Megat Ayub. The suits relate to Datuk Megat Junld’s statementand other relief. Bemama. - 297 words
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323 1988-11-19 9 KUALA LUMPUR The Malaysian government has failed to get an order to extradite former Co-op-erative Central Bank (CCB) chief executive and managing director Ratnasingam Mathimugam from Australia. Its application for the order has been rejected by a magistrate’s court in323 words
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Article160 1988-11-19 9 Bernama. KAJANG (Selangor) Former Deputy Youth and Sports Minister Wang Choon Wing has been released from the Kajang Prison after serving six months of his nine-month prison term for criminal breach of trust. He had obtained a onethird remission of his sentence. He was met byBernama. - 160 words
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131 1988-11-19 9 NST TAIPING ISA detainee Philip Cheong Ah Kow has been released from the Kamunting detention centre here. Cheong's lawyers arrived at the centre to seek his release after the High Court granted Mslo,ooo bail (557,300) in one surety pending hearing of his applicationNST - 131 words
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Article, Illustration789 1988-11-19 10 He also said she had been unfaithful when they were on holiday Inquiry into millionaire’s mystery death PENANG The late mil lionaire Loh Kah Kheng was suspicious of his wife’s movements after he came to know about her affair with leading789 words
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253 1988-11-19 10 Bemama, NST. KUALA LUMPUR Police believe that hired killers were responsible for the murder of woman executive Mustakizah Jaffar, 35. axed and shot dead at close range at her home in Segambut, Kuala Lumpur. CID Chief Assistant Commissioner of Police BakriBemama,; NST. - 253 words
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Article70 1988-11-19 10 PET AUNG JAVA A doctor and his wife will stand trial next week on a charge of “attacking” a woman doctor with snails and millipedes. Dr Yoong Meow Nyan and Madam i Tan Pna Knan are alleged to have placed the snails and millipedes on his70 words
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158 1988-11-19 10 KUALA LUMPUR The government is reconsidering its plan to send Malaysians to Moscow for training as cosmonauts, Science, Technology and Environment Minister Datuk Amar Stephen Yong was reported as saying this week. “The technology is too advanced for us and we do not need158 words
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371 1988-11-19 10 KUALA LUMPUR Malaysian police said this week they had detained 23 people under the Internal Security Act in connection with the burning of government buildings in Sik, in Kedah, in June. The police said they had also seized a cache of371 words
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183 1988-11-19 10 Bernama KAMPUNG GAJAH (Perak) The Malaysian Home Ministry is to query three national Tamil-lan-guage dailies on their extensive use of news items from India. The Tamil Nesan, Tamil Osai and Thinnamani will be asked to explain their extensive useBernama - 183 words
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Article30 1988-11-19 10 NST. BAGAN SERAI About 250 people from 17 kampungs were made homeless when a freak storm lashed three sub-districts here on Wednesday, destroying 46 houses. NST.NST. - 30 words
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188 1988-11-19 10 KUALA LUMPUR The Malaysian government has apparently ruled out the possibility of Singapore Airlines flying to Sarawak. Asked by reporters whether the Cabinet, which met on Wednesday, had made any decision on whether to allow SIA to fly direct from Singapore to188 words
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ASEAN
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379 1988-11-19 11 Reuter. MANILA When the word got around that a respected dictionary had described the women of the Philippines as maids, an outraged nation swung into action. Stung to learn that “Filipina", the word for a female citizen of their country, had allegedly beenReuter. - 379 words
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Article, Illustration262 1988-11-19 11 BANGKOK AFP THAI Prime Minister Chatichai Choonhavan will refuse to accept the resignation of army chief General Chavalit Yongchaiyudh if it is submitted, a government official has said. Government spokesman Suvit Yodmani said General Chatichai, who is also Defence Minister, would not allowAFP - 262 words
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118 1988-11-19 11 Reuter JAKARTA In rough seas off the coast of Indonesia this week a school of dolphins nudged and guided two shipwrecked sailors through the night, bringing them to the safety of a small island. The men were then able to raise the alarm and– Reuter - 118 words
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280 1988-11-19 11 BANGKOK The House of Representatives Committee on Culture and Tourism is strongly opposed to the setting up of casinos in Thailand, the Bangkok Post reported. Committee spokesman Jurin Laksanavisit said the panel would submit a letter of protest to Interior Minister280 words
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Article, Illustration51 1988-11-19 11 BANGKOK About »00 members of the banned Communist Party of Malaya are negotiating surrender terms with Thai millt? *7 authorities, the Bangkok Post reported. The report said the t'PM members are remnants of the Chin Peng-led guerilla movement based in the jungle along the Thai-Malaysian51 words
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Page 11 Advertisements
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Advertisement708 1988-11-19 11 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 U.K.: Mr John Armour/Mr R Ramesh The Straits Times Press (London) Ltd )02/106 Temple Chambers.708 words
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COMMENT/ Pick of the week’s editorials
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Article592 1988-11-19 12 NOV 19. 1988 ECONOMIC planners at the Trade and Industry Ministry must surely be among the most conservative in the world. This week's announcement of the third-quarter economic results showed that their forecast for the Gross Domestic Product was, yet again, lower than the actual592 words
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Article613 1988-11-19 12 NOV 18. 1988 SINGAPOREANS who have not been following closely the thoughts of their Prime Minister might he alarmed at his prognosis that there was no certainty that this nation would still be around in a hundred years' time. For nearly 30 years, Singapore has had a613 words
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Article628 1988-11-19 12 NOV 17. 1988 GENERAL Zia ul-Haq effectively suspended democracy in Pakistan in 1977 when he seized power through a military coup. Eleven years later, a general election worthy of that name is being held, and General Zia was partially responsible for it. His death in a plane628 words
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661 1988-11-19 12 HERE AND THERE IT HAS been said: What we learn with pleasure, we never forget. At a Deepavali party in the conference room of the Subordinate Courts building last Saturday, I learnt with pleasure from questions raised what two new local terminologies661 words
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Article230 1988-11-19 12 “Unfortunately, some people In our country believe that we can selectively participate In the economic and political life of the region, while excluding regional realities and links which might threaten their view of Australia as a white outpost of Europe. My government emphatically rejects that view." Australian Prime230 words
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COMMENT/ Perspective
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Article, Illustration1687 1988-11-19 13 DR HUSSIN MUTALIB - Proposed core values Belief in a multi-racial, multi-religious and multi-cultural society Service beyond self (Communitarianism) Respect for justice and equity Respect for a consensual and representative democracy Love for parents and care for the less fortunate By DR HUSSIN MUTALIB Political Science1,687 words
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Article, Illustration1255 1988-11-19 14 The Manglapus trademark that caricaturists love is his crew-cut, dyed black and sticking out. (he does not own a comb). Suitably hawk-like, some American Congressmen may snort, after the way he negotiated the bases compensation package in October. ABBY TAN, our Manila correspondent, reveals1,255 words
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729 1988-11-19 14 TAN SAI SIONG - By TAN SAI SIONG, in The Sunday Times IT WAS perhaps not quite the sort of thing that the audience at the finals of the Miss Singapore Tourism contest were expecting to get a glimpse of. Still, the bare bones unveiled by Singapore’s tourismin The Sunday Times - 729 words
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Page 13 Miscellaneous
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Miscellaneous12 1988-11-19 13 (plaits Uni Jd/TaF. mu£ 'lk 'JL I r '*s&sr ĕ f s&grTM12 words
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TIME$
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Article4467 1988-11-19 16 TRANSACTION DATE: NOV 18, 1988 Tel High Low Code Company 88 Last Sale orGr’s Yld Vol Day 000) High Low Last Quote Buyer Seller 141 SECTION ONE INDUSTRIAL COMMERCIAL 95 1 1000 Acma 105 unch 09 ii 105 105 105 85 42 1001 Alcorn 68* 3*4,467 words
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Article56 1988-11-19 17 THE day-trr-day ST Industrial indices and daily turnover for file week* MONDAY: 1,002.(55 points (down 12.38); 13.44 m units (value $3<1.29m); TUESDAY: »97.83 (down 4.82); 16.41 m units <*40.14m); WEDNESDAY: 998.55 (up 0.12); 16.34 m units ($33.42m); THURSDAY: 991.23 (down 7.32); 17.22 m units ($41.6m); FRIDAY: 991.3756 words
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Article82 1988-11-19 17 Rubber (per kilo) S’pnre Malaysia (rents) (urn) Nov 14 180.00 274.00 Nov 15 186.00 272(H) Nov 16 186.50 271.50 Nov 17 184.50 ***** Nov 18 184.50 269.00 Palm oil Crude MS/tonne palm oil November 1000 (south) December 1005 (south) Refined palm oil US$/tonnes RBD palm oil December 39582 words
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Article72 1988-11-19 17 KUAI.A LUMPUR A lac k of follow-through support upset an encouraging opening on the Kuala I.umpur stock exchange yesterday. As a result share prices closed mixed to steadier. Following Thursday’s weaker trend bargain hunters were in evidence. However, underlying sentiment was still weak and early buying72 words
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382 1988-11-19 17 Weekly sharemarket report STOP-LOSS selling, which began from the opening bell on Monday, pushed the Straits Times Industrial Index to below the 1,000 mark by early Tuesday, and, except for one brief mid-after-noon period on Wednesday, remained at below that level for the382 words
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Article367 1988-11-19 17 Nov 18 HKS Change Assoc Inti Hotel» 2 525 0 1 Bonk Ot Eost A»co 17 10 0 1 Copitol Cotp 066 001 Cathay Pacific Air 8 90 unch Cheung Kong Chmo Light 7 30 4-0 1 14 30» altCity Re»ources 1 I2N Cross Harb Tunnel 15367 words
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Article31 1988-11-19 17 HONGKONG Improved market sentiment saw share prices on the Hongkong stock exchange yesterday close at the day’s high. The Hang Seng Index rose by 12.37 to 2,581.16 points31 words
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138 1988-11-19 17 Interbank Foreign currency Local dollars to one unit of foreign currency Australian dollar Canadian dollar N7 dollar Sterling pound US dollar 1.6663-1.6692 1.5884—1 5918 1 2571—1 2597 3 5481—3.5519 1 9490—1.9500 Local dollars to 100 units of foreign currency Austrian schilling Belgian franc (com)138 words
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Article, Illustration653 1988-11-19 18 LIM ENG HAI - Alliance will make them one of country’s top industrial giants By LIM ENG HAI MALAYAN Breweries Ltd is forging a strategic alliance with Ireland's Guinness PLC that will transform their Malaysian operations into one of the country’s top industrial giants, it was announced this653 words
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Article44 1988-11-19 18 Company RIGHTS ISSUE Spore land One 2% unsecured loan stock with detachable warrants for every ordinary share held Each $2 nominal value loan stock will be alloted one wariant convertible anytime within five years E» dote Nov 28 Books close Dec 644 words
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Article346 1988-11-19 18 Company RIGHTS ISSUE C 1 Holdings 27 million loon stocks in the ratio ol $3 loon stock lor «very five ordinary shares held D C Bank One lor two 10? $0 75 per share Duto Cons One lor one $1 10 per share F A C B One346 words
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Article106 1988-11-19 18 Bernama KUALA LUMPUR Bata (Malaysia) Bhd has called off its bonus issue of 5.5 million shares, Commerce International Merchant Bankers Bhd said in a statement. Directors called off the bonus issue because although the Capital Issues Committee had given approval to the bonus issue, itBernama - 106 words
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297 1988-11-19 18 UNITED Industrial Corporation is unhappy with the rate of progress in talks to solve issues arising from its rescue plan for Roxy Electric Industries (M) Bhd. UIC directors have decided to suspend negotiations, which have been going on since May when they297 words
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Article712 1988-11-19 18 Current El Books Dele Total for Total tor payment dete close payable the year leet year A Enterprises 5% »1 Nov 2 Nov 17 Dec 5 7% 10% A 1 S B I0%(bl Jon 6 Jan 20 Jon 31 10% 5% Asiatic Dev 7%lll Oct 1? Oct 26712 words
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Article255 1988-11-19 18 Managers' prices for November 19 A 21 Singapore Unit Trust The Commerce 093 099 The Sailings Fund 0 81 0 8? S'pore Prog Fund 037-041 S'pore Sec Fund 0 62-067 S'pore Invest Fund 0 69-0 70 S'pore Cquity Fund Asia Unit Trust 047 -051 Mai Invest Fund 1255 words
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522 1988-11-19 19 LIM ENG HAI - DISMAL RESPONSE 1 By LIM ENG HAI FOR the first time in seven years, a public offer of shares went a-begging. And poor market sentiment was blamed for it. Polytek Wearnes Holdings Ltd the 13th company to go for a Sesdaq listing attracted subscriptions522 words
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275 1988-11-19 19 R. RAJENDRAN - DISMAL RESPONSE 2 By R. RAJENDRAN THE depressed market has claimed yet another victim Neptune Orient Lines’ $3OO million cash call, which fell short by some $6O million when it closed yesterday. Sources said NOL's public offer of 19.62 million irredeemable convertible275 words
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200 1988-11-19 19 DISMAL RESPONSE 3 LESS than half the rights issue in food-based QAF Ltd were taken up by eligible shareholders. Brunei-backed QAF announced that its one-for-two rights issue of 94.22 million new ordinary shares, at 40 cents each, was only about 45-per cent subscribed.200 words
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Article, Illustration462 1988-11-19 19 Week ended Nov 11. Compiled by Business Times. Final results Gross Group net Year to Company dividend profit/loss (’000) Ind Oxygen 3 (2TE) MS10.197 ($2,708) tune 88 Kuala Sidim 11.5(10) M$10,193 ($4,521) June 88 M Glass 10TE (7.5TE) MS6.064 ($4,267) July 88 Malakoff 25462 words
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Article, Illustration550 1988-11-19 19 Reuter HONGKONG Mr Brian Powers, a fasttalking lawyer who took over as managing director of Jardine Matheson Holdings Ltd in June stunned Hongkong's business community by announcing his resignation last week. Mr Powers said he was quitting because ofReuter - 550 words
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FORUM
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363 1988-11-19 20 On the banning of The Last Temptation IF Mr S. Rajaratnam, who wrote that the book The luist Temptation by Nikos Kazantzakis should not have been banned (ST, Nov 5), is sincerely interested in the life of Jesus Christ, he should read the Gospels of Matthew,363 words
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202 1988-11-19 20 MR S. Rajaratnam’s commentary on the banning of The last Temptation (ST, Nov 5) is a brilliant piece of expose which makes compelling leading. He writes with conviction, clarity and wit. He distils the issues and presents cogent arguments202 words
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361 1988-11-19 20 THE issue at hand is not only the banning of The Temptation. (ST, Nov 5). It is the way our access to knowledge is controlled. The Oxford Dictionary defines censorship as “the power to suppress whole or parts of books, plays, films,361 words
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Article181 1988-11-19 20 I AM an Australian writer, specialising in aboriginal history. I recently visited your beautiful city and I am compelled to write and give my impressions. i must comment on the citizens of Singapore; the most beautiful, friendly and helpful people I have known. During my stay181 words
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Page 20 Advertisements
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Advertisement207 1988-11-19 20 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 in207 words
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Advertisement96 1988-11-19 20 Dear Overseas Readers THE Straits Times welcomes letters 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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Advertisement898 1988-11-19 21 APPOINTMENTS Engineering Opportunities Which Can Give Your Career A Turn-Around... MANUFACTURING ENGINEERS Ideally, those with a good Degree in Electronics/ Electrical/Mecnamcal or Industrial Engineering plus minimum 2 years' experience in a manufacturing environment or metal working industry Analytical creative skills are highly desirable and you must be prepared to work898 words
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Page 22 Advertisements
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Advertisement825 1988-11-19 22 APPOINTMENTS SECOND TO NONE Northern Telecom, second to none, is the world's largest supplier of fully digital telecommunications systems Our Regional Business Systems Team which is based in Singapore has two immediate vacancies for the post of: SYSTEMS ANALYST The successful candidates will be responsible for the design, development and825 words
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TIMESPORT
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Article, Illustration579 1988-11-19 23 TAN THEAN LOON - Last time he won, He’s Dawan cost them $2 million loss to make up mandatory $6 pay-out By TAN THEAN LOON THE three Malaysian turf clubs are seriously considering omitting the win-and-place bets in the final leg579 words
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Article, Illustration208 1988-11-19 23 LEE WAI WUN - WORLD POWERBOAT RACING LEE WAI WUN. A GENIE must have smiled on American Chris Bush and helped the world powerboat champion end a perfect year by winning the final leg of the Budweiser World Grand Prix. Bush had already secured the overall crown before Sunday’s finale208 words
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Article123 1988-11-19 23 Singapore GP results: 1 Chris Bush (US) 2 Guido Cappellini (Ita) 3 Steve Kerton (Brit) 4 John Hill (Brit) 5 Mark Wilson (Brit) 6 Michael Werner (WG) 1 Anthony Hiscock (Brit) 8 Dene Stallard (Brit) I Michel Rousse (Fra) 10 Morten Bjerknes (Nor) 11 Marc Rolls (Brit)123 words
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449 1988-11-19 23 HAKIKAT RAJ - SINGAPORE MARATHON By HAKIKAT RAJ MONEY makes the world go round and money is what organisers of the Dec 11 Singapore International Marathon will be using as bait to lure the serious runners to the starting grid and round the 42.195kilometre route.449 words
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Article323 1988-11-19 23 AFP HONGKONG The Royal Hongkong Jockey Club has announced disciplinary action against champion jockey Gary Moore after he refused to give evidence at a trial here involving alleged corruption in the local turf scene, a RHKJC spokesman said. Moore, France’s current champion and formerly theAFP - 323 words
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764 1988-11-19 24 PATRICK DANIEL - Two basic values we must keep to secure our future by PM Put society’s interest above the individual’s ©Preserve family as the basic unit of society By PATRICK DANIEL CANBERRA Prime Minister Lee Kuan Yew has identified two basic values that Singaporeans should retain to secure the country's long-term future.764 words
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617 1988-11-19 24 Asian immigration row CANBERRA Prime Minister Kuan Yew on Wednesday apologised for getting involved in Australia’s immigration debate after he was accused by Opposition leader John Howard of interfering in the country’s domestic politics. “I’m sorry I got involved in a domestic617 words
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Page 24 Advertisements
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Advertisement7 1988-11-19 24 Nikon Tha World’ i Finast Photographic Syttam7 words
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Page 24 Miscellaneous
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Miscellaneous35 1988-11-19 24 By CoUMto SUN TAN r H£f>£ (DH& THAT &K*'! I'm RE All/ a«md at him j 3L no* tfcw Count To TCW e£Po*£ you 00 *A/y zs '0 RASH m ft 4 i my ■-M35 words
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