The Straits Times : Weekly Overseas Edition, 26 November 1988
1988-11-26
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The Straits Times : Weekly Overseas Edition
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Title Section20 1988-11-26 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, NOVEMBER 26, 1988 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article102 1988-11-26 1 SINGAPORE’S 110,000 public servants will receive their higgest-ev-er Christmas present next month a 2' 2-month bonus or nearly twice the 1 Mi-month they got last year. This is the Government's way of saying “thank you” to its employees for accepting a pay cut and wage restraints102 words
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Article1142 1988-11-26 1 AGNES WEE - By AGNES WEE IN TODAY’S changed circumstances of robust economic expansion, the Government’s challenge now is to manage the economy for continued steady growth. Trade and Industry Minister Brig-Gen (Res) Lee Hsien Loong said on Thursday night. On the one hand, he said, it1,142 words
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342 1988-11-26 1 SINGAPORE companies have been given a $6O million package by the Government to spur them to automate and thus reduce their over-dependency on foreign workers. The Economic Development Board incentives announced this week range from free consultancy on the feasibility of automation for firms342 words
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744 1988-11-26 1 JACQUELINE WONG - By JACQUELINE WONG AN AMBITIOUS $250-mil-lion proposal to turn Singapore into an international hub of the arts was unveiled this week by a committee of the Advisory Council on Culture and the Arts. The far-reaching proposal contains recommendations which range from744 words
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Article374 1988-11-26 1 RITUAL killer Adrian Lim whose cruel sacrificial murder of two young children shocked the nation seven years ago smiled as he waiked to the hangman's rope at dawn yesterday. The final chapter on Singapore’s most bizarre cult murders was closed with his execution at Changi374 words
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Page 1 Advertisements
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Advertisement80 1988-11-26 1 INSIDE HOME Ministry to spend s2m on Aids campaign PAGE 8 Shell gets goahead to buy petrochem stake PAGE 2 Privy Council: Why we allowed Jeya's appeal PAGE 3 More Made-in-Smgapore arms for our army PAGE 9 CAUSEWAY MCA chief: I'm not quitting the Cabinet PAGE 10 ASEAN PAGE 1180 words
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Advertisement12 1988-11-26 1 jva**;«»as3 aatfgiagg* 3ib? «UOOl JH« HI 77 MernU’rship has its priirileges s12 words
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HOME
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Article, Illustration851 1988-11-26 2 SHAUN SEOW - But oil giant will get only 30pc share in company By SHAUN SEOW THE Japanese government and shareholders have, after more than a year of deliberations, finally agreed to oil giant Shell's hid to buy Singapore's share in851 words
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395 1988-11-26 2 Sharp rebound in October SINGAPORE Is hack ontrack for yet another record growth In exports this year. In the first 10 months, total exports reached $6-1.6 billion, one-third more than the same period last year. latest October trade figures released by the395 words
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293 1988-11-26 2 RECENT moves by major disk drive companies to scale down their operations may be the first signs of a slowdown in the electronics industry, said Trade and Industry Minister Lee Hsien Ixxmg. But it is uncertain whether this represents “the beginning of a293 words
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471 1988-11-26 2 RAV DHALIWAL - By RAV DHALIWAL CABBIES want taxi fares to be raised before Christmas and taxi organisations are expected to ask for a flagdown fare of $2. They are also expected to propose that the subsequent fare rate of 10 cents per 300 m be adjusted,471 words
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Article, Illustration1302 1988-11-26 3 Law Lords say he is not guilty of the offences that led to the Law Society’s action against him THE Privy Council has, in its written judgment upholding lawyer J.B. Jeyaretnam’s appeal against disbarment, gone behind his convictions on four criminal1,302 words
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Article710 1988-11-26 3 IT ALL began soon after the 1972 general election, when Mr J.B. Jeyaretnam, acting on behalf of his Workers’ Party, sued Mr Tay Biwm Too, a former People’s Action Party MP, for remarks made by Mr Tay during the hustings. He lost the defamation suit in710 words
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Article540 1988-11-26 3 MR JEYARETNAM on Tuesday called on the Government to reinstate him in Parliament by having one of its MPs resign to create a vacancy for him. Alternatively, he said, the Government could call a by-election to allow him to contest for a parliamentary540 words
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523 1988-11-26 4 ZURAIDAH IBRAHIM - Only 4 out of* 10 passed subject in PSLE last year By ZURAIDAH IBRAHIM ON'I.Y PI per rent of the Malay pupils taking the PSLE last year passed in mathematics, Dr Tay Eng Soon. Senior Minister of State (Education), revealed523 words
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Article213 1988-11-26 4 Independent Palestinian state THE Foreign Ministry on Thursday welcomed the proclamation of an independent Palestinian state, calling it a major first step in realising the aspirations of the Palestinian people and towards peace in the Middle East In its first public statement on the proclamation made on213 words
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Article, Illustration247 1988-11-26 4 SOME brides walk on air, others float on Cloud Nine but these radiant newly-weds are riding tall. With their grooms holding the reins, the brides took a round on horseback at the Polo Club grounds at Thomson Road last Sunday a novelty introduced by Oxley247 words
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174 1988-11-26 4 AN American tourist was fined $1 .(NX) after he admitted a charge of mischief by smashing a lighted wall map at Yio Uhu Kang MRT station. The district court was told that at about ***** am on Oct 24. Robert Mellinger, 40.174 words
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573 1988-11-26 4 LYNETTE ONG - By LYNETTE ONG THE ban on the controversial book, The Last Temptation, will stay. In a statement on Tuesday, the Ministry of Communications and Information said it has turned down an appeal by the publisher and local importer of the book, as573 words
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872 1988-11-26 6 TAN TECK HUAT - Reaction to increase in foreign workers’ levy By TAN TECK HUAT SI N’( IA P( )R K ('ompanies and business groups have expressed concern about the |>ending increase in the foreign worker levy next year while unions are generally pleased with872 words
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454 1988-11-26 6 THE teaching of Asian values will begin in primary school as this is the stage when such lessons will have maximum impact on the child. Education Minister Dr Tony Tan said this week And the mother tongue will be a key454 words
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Article69 1988-11-26 6 ONE in every two deaths in Singapore last year was caused by either cancer or heart diseases. But cancer was the No. 1 killer. Those who succumbed to cancer had the disease in the lung, stomach or the colon and rectum. Other common causes of69 words
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Article201 1988-11-26 6 THE axe will fall on more than 100 pig farms in Singapore next week when the Government carries out its third stage of phasing out pig farming here. Pig farms in Sembawang, Tampines, Changi, Pulau Übin and some parts of Punggol will have to cease201 words
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Article, Illustration297 1988-11-26 7 President Wee turns Orchard Road into a fairyland with the flick of a switch THE flick of a switch by President Wee Kim Wee las! Saturday night brought Christmas to Orchard Road, instantly transforming the entire area into a brilliantly-lit fairyland. At 7 pm sharp,297 words
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163 1988-11-26 7 THREE guarantors of former coffee trader Teck Hock Co were declared bankrupt last week for owing $10.6 million to a French bank. Mr Justice P. Coomaraswamy made the order against each of the three* brothers Messrs Tan Tjo Tek, Tan Tjo Eng and Tan Choc163 words
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Article169 1988-11-26 7 LAWRENCE Mah, the executive director of the Singapore National Employers’ Federation (SNEF), is leaving the organisation, Business Times reports. Mr Mah, who is now on leave, has been in the news recently. In July, he struck a discordant note with his uncompromising stand on wage169 words
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406 1988-11-26 7 A THREE-JUDGE court has dismissed the Far Eastern Economic Review's application for leave to appeal agaiast a High Court ruling refusing it permission to record the evidence of former Catholic priest Edgar D’Souza in Australia. The Court of Appeal said the Review406 words
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Article, Illustration283 1988-11-26 7 A JOHOR-born woman, banished from Singapore in 1967 for putting up antigovernment posters, returned six months later, married a Singaporean two years later, and even managed to jointly buy a HDB flat with her husband in 1975, a subordinate court was283 words
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Article231 1988-11-26 7 TWO Catholic groups have jointly petitioned the Health Ministry urging it not to allow a much publicised abortion drug, RU 486, to be introduced here. The petition came from the Catholic Medical Guild, a group of 160 doctors, dental surgeons and pharmacists; and the Family231 words
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Article71 1988-11-26 7 THE starting salaries for teachers and bursaries for trainees which were cut during the 1985 economic recession will be restored next month, Senior Minister of State (Education) Dr Tay Eng Soon announced this week. The revised pay, from a monthly increase of $B9 for O level71 words
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709 1988-11-26 8 SANDRA DAVIE - 10,000 fewer births expected when Dragon year bows out By SANDRA DAVIE THE baby boom this year will most likely not be sustained next year, with a projected 10,000 fewer babies born. Traditionally, the Dragon year brings in more births709 words
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324 1988-11-26 8 AFTER two hotly-disput-ed meetings in as many months, tho heads of Singapore's business groups have finally agreed on who will head the umbrella Singapore Federation of Chambers of Commerce and Industry (SFCCI) for the next two years. For a change, it was324 words
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Article, Illustration222 1988-11-26 8 PRIME Minister U*e Kuan Yew has appointed Dr Ixv Boon Yang, Senior Minister of State (Home Affairs and National Development), as the new Whip in Parliament Dr Lee, who was promoted to senior minister of state in the September Cabinet reshuffle, replaces Mr222 words
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423 1988-11-26 8 THE Health Ministry has launched an Aids awareness campaign that will cost $2 million over the next five years. The message "You can’t just catch Aids. You have to let someone give it to you" has been adopted as the theme for423 words
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504 1988-11-26 8 LAWYER Francis Seow's application for his trial on tax evasion charges to be postponed was rejected by a district judge this week. His counsel, Mr V. K. Dube, told the court his client needed to go to New York to consult a cardiologist504 words
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133 1988-11-26 8 VALUABLE prizes were offered at a darts game stall at a trade exposition but no one won them. It was not that the participants were no good. The operator, Hwan Chee Hoi, 27, had covered all the places on the133 words
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Article, Illustration787 1988-11-26 9 CHUA CHONG JIN - By CHUA CHONG JIN SINGAPORE will continue to build up the strength of its defence industries and keep up with the state of the art in a few key areas of technology. This way, the Singapore Armed Forces will never be787 words
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Article, Illustration339 1988-11-26 9 DOMINIC NATHAN - By DOMINIC NATHAN SBC's English news presentation has taken on a glamorous sheen with the latest addition of two pretty women presenters. The two 23-year-old presenters, Miss Nicolette Rappa and Miss Reena Mathews, who have been reading the p]nglishlanguage news in recent339 words
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331 1988-11-26 9 A 74-YEAR-OLD housewife played good Samaritan and withdrew $35,000 for a man who claimed not to know how to use the bank facilities. Madam Frances Low was assured that she would get the money back from the man. All she got was a331 words
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Article77 1988-11-26 9 – TAN LI AN CHOO - TAN LI AN CHOO. BANGKOK Mr Chi Owyang, former banker and Singapore’s ambassador to Thailand for 1* years, died here yesterday at the age of 91. Mr Owyang was admitted to St I>ouis Hospital on Non 7 suffering from pneumonia. Before being taken ill, Mr77 words
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Page 5 Advertisements
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Advertisement343 1988-11-26 5 You're a Singaporean university undergraduate studying people like yourself to play vital support roles in the SAF. overseas. \ou have just given your absolute best; a consistent perAs a pharmacist, psychologist, physiotherapist, executive formance over a number of years, \ou’re about to gain your degree, officer, research officer, or engineer.343 words
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across the CAUSEWAY
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Article, Illustration484 1988-11-26 10 SALIM OSMAN - Dr Ling renews pledge to carry on struggle for Chinese interests By SALIM OSMAN: Kuala Lumpur TRANSPORT Minister and resident of the Malaysian ,’hinese Association. )atuk Dr Ring Liong Sik, eturned from six weeks of 10-pay leave last weekend Aith a renewed484 words
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332 1988-11-26 10 JOHOR BARI! The Singapore Government's decision to increase the foreign worker levy to Ss2so <M$345) a month is expected to benefit Malaysian entrepreneurs who now face a shortage of workers in the manufacturing and business sectors. Businessmen here told the332 words
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Article87 1988-11-26 10 Kl ALA LUMPUR The government has renamed Jalan Bandar here after the late Tun Sir Henry H. S. Lee in recognition of his services and contributions to the country. Prime Minister Datuk Seri Dr Mahathir Mohamad said this was the most meaningful and effective way87 words
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170 1988-11-26 10 KUALA LUMPUR I’rime Minister Datuk Seri l)r Mahathir Mohamad said certain issues concerning the Chinese community which had been brought up by the Malaysian Chinese Association would hisettled within a reasonable time. MCA President Datuk Dr Ung I .long Sik who is also170 words
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Article, Illustration127 1988-11-26 10 NST. KUALA 1.l MPUR Former trade and industry minister Tengku Ra/.aleigh llamzah has rejected Prime Minister Datuk Seri l)r Mahathir Mohamad’s invitation to join the Cabinet. In a letter to the Prime Minister last week, Tengku Kazalcigh said the offer was nsunh polltik (politicalNST. - 127 words
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431 1988-11-26 10 GSP hearing in Washington NST. KUALA LUMPUR The government and trade unions have criticised an American labour representative for saying that Malaysian electronics industry workers are "illiterate and semi-illiterate”. labour Minister U>e Kim Sai said the description of Malaysian workers by theNST. - 431 words
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222 1988-11-26 10 KUALA LUMPUR Singapore’s action in strengthening its air force is not a threat to Malaysia, Foreign Minister Datuk Abu Hassan Omar said. The Malaysian Malay language daily, Berita Harian, quoted the minister as saying that fears expressed by certain quarters about222 words
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Article146 1988-11-26 10 UPI. GENEVA A delegation from the Inter-parliamenta-ry Union (IPU) flew to Malaysia on Monday to investigate the cases of five parliamentarians detained under the Internal Security Act since October 1987. "Malaysian authorities have announced that they would extend full co-opera-tion to the delegation,” theUPI. - 146 words
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ASEAN
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545 1988-11-26 11 YANG RAZALI KASSIM - Import monopolies to go, wholesaling and shipping industries to be open to foreigners By YANG RAZALI KASSIM Jakarta Correspondent JAKARTA Indonesia this week announced sweeping reforms including the abolition of various import monopolies and the opening of wholesaling and shipping industries to foreigners.545 words
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150 1988-11-26 11 BANDAR SERI BECAWAN Singapore's Foreign Minister, Mr Wong Kan Seng, has re-affirmed that relations between Brunei and Singapore remained warm and close. Mr Wong said this after he had an audience with Brunei's Head of State, Sultan Haji Hassanal Bolkiah, at the Sultan’s palace, Istana150 words
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Article111 1988-11-26 11 flouted. – TAN LIAN CHOO - flouted. TAN LIAN CHOO. BANGKOK A wages committee has agreed to increase the minimum daily wage in Bangkok to 78 haht (556.34) from April 1. In the provinces outside the capital, the new minimum wage will vary from 89 to 75 baht daily. The wages committee,111 words
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Article33 1988-11-26 11 Reuter UNITED NATIONS President Suharto of Indonesia has been chosen to receive the first annual award for helping to curb population growth in his country, the Population Institute announced. Reuter.Reuter - 33 words
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Article, Illustration153 1988-11-26 11 MANILA Monday, Nov 21, was a day of speechmaking and ceremonies for President forazon Aquino marking the halfway point in her six-year term of office. After her televised report on the accomplishments and failures of her153 words
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Page 11 Advertisements
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Advertisement710 1988-11-26 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 Ft Ramesh The Straits Times Press (London) Ltd 102/106 Temple710 words
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COMMENT/ Pick of the week’s editorials
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Article641 1988-11-26 12 NOV 26. 1988 MOST people care for the needy and disabled. They are willing to spare something of what they have so that the less fortunate can have reason to be happy. But people are also usually busy with their own lives. The needs of the641 words
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Article648 1988-11-26 12 NOV 24, 1988 FOR someone who has had the country’s highest office thrust upon her and who spent her early months in power fending off coup attempts. President Corazon Aquino has not done too badly in the past 1,000 days. This assessment has nothing to do with sympathy648 words
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Article643 1988-11-26 12 NOV 23. 1988 YOUNG people are highly impressionable. Unlike adults who are generally better able to discriminate between what is good and what is harmful, the young tend to be more susceptible to various influences. These include what they hear and see on music videos. Gone are643 words
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587 1988-11-26 12 YOUTH AND AGE YOUTH and Age. The rising new generation and the old. They will always be there with us. Though not, as before, securely within the same ideal proportions in relation to the population as a whole. With the rapid greying587 words
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Article165 1988-11-26 12 “I am just like the sunset I am no longer capable.” China's loader Deng Xiaoping .saving that he is no longer able to manage the country's affaii's. “A kindergarten should not be run like the school system. It should be run like a playhouse, a play-way method of165 words
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COMMENT/ Perspective
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927 1988-11-26 13 Singapore remains as dependent, to a large extent, on others’ goodwill for its survival as it had always been, whether it is investments, workers, trade partners or tourists, writes TAN SAI SIONG, in this article in The Sunday Times. MOST people927 words
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762 1988-11-26 13 ly NARENDRA AGGARWAL - By ly NARENDRA AGGARWAL AS SINGAPORE becomes more modernised, the social attitude towards divorce is changing. Divorce has apparently lost much of its stigma, and has become more acceptable. With each passing year, more people are untying the nuptial knot. Over the762 words
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Page 13 Miscellaneous
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Miscellaneous28 1988-11-26 13 Punchlines mrt dh pyuvuM mues* ms SW&l* r> W H°M*. fe. PLeAps Hot guilty; anp with To The of PAL WISHES Jo poT UP twenty pairs OF SHOES.28 words
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FOCUS
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PM’s visit to Australia
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Article780 1988-11-26 14 SINGAPORE, while not a perfect liberal democracy, is still a “bastion of freedom’’ compared with some other totalitarian Asian countries, according to an Australian political commentator. This defence of Singapore’s human rights record ('a me from Dr Gerard Henderson, a one-time senior aide to Australian Opposition780 words
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Article498 1988-11-26 14 world.” – PATRICK DANIEL - world.” PATRICK DANIEL. CANBERRA Prime Minister Lee Kuan Yew has praised Singapore's trade unions, saying they understood the world of international competition better than Australian trade unions. “It is not that our unions are tamer or they lack fight. They understand where the competition is coming498 words
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Third-quarter economic survey
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Article118 1988-11-26 15 GDP grew by 11.8 per cent due to strong external demand. Manufacturing accounted for most of the growth, while construction continued to decline. Unexpectedly strong growth in financial and business services sector. $516 million net investment commitments in manufacturing about $2 billion expected for entire year. 16,000118 words
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326 1988-11-26 15 THE] number of jobs in the construction sector rose by 1,400 in the third quarter the first increase after almost four years of continuous job losses. This comes somewhat as a surprise, especially as construction continued to decline by 5.8 per cent. Contractors326 words
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601 1988-11-26 15 The third quarter has outshone the previous quarters with a sparkling economic growth rate of 11.8 per cent. It was much better than expected, as both Government and business leaders earlier forecast slower growth in the second half than the 11.3 per601 words
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Article, Illustration286 1988-11-26 15 but slowdown is likely JUDGING from two of the latest surveys of business expectations one covering industrialists and the other, service companies the Singapore economy is unlikely to glow as fast in the fourth quarter as it did in the third quarter. In fact, the pace of economic expansion is286 words
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Page 14 Advertisements
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Advertisement213 1988-11-26 14 Now, keeping in touch with what's happening in Singapore couldn't be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on the latest in213 words
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TIME$
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Article4301 1988-11-26 16 TRANSACTION DATE: NOV 25, 1988 Tel High Low Code Company 88 Last Sal# orQr’a Y’ld Vol Day 000) High Low Last Quote Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL 141 95 t 1000 Acma 106 •2 09 10 106 106 104 106 85 42 1001 Alcorn 694,301 words
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Article55 1988-11-26 17 THK day-to-day ST Industrial indices and daily turnover for the week: MONDAY: 992.77 points (up 1.4); 10.09 m units (value s22.film); TUESDAY: 999.52 (up 6.75); H.Klm units ($32.23m); WEDNESDAY: 1,998.24 (up 8.72); 29.61 m units ($49.11m); THURSDAY: 1,012.19 (up 3.95); 22.01 m units ($45.69m); ERIDAY: 1,911.32 (down55 words
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Article85 1988-11-26 17 Rubber (per kilo) S’pore Malaysia (cents) (sen) Nov 21 186.50 270.00 Nov 22 190.50 271.50 Nov 23 189.50 271.50 Nov 24 187.50 270.00 Nov 25 192.00 271.50 Palm oil Crude MS/tonne palm oil November 980 (north) 978 50 (central) December 990 (south) 980 (central) Refined palm oil USJ/fonnes85 words
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Article69 1988-11-26 17 Reuter. HONGKONG STEADY profit-taking throughout yesterday brought Hongkong market off its early morning highs but share analysts said technical indicators remain good. “The profit-taking was well-absorbed and the market looks like it is going through a period of consolidation and could rise» furthernext week," a brokerReuter. - 69 words
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285 1988-11-26 17 Weekly sharemarket report THE Straits Times Industrial Index bounced back to over the 1,969-mark midweek after three successive days of gains, and gained farther strength in earlytrading on Thursday. Rut evidence of investor lack of confidence reappeared In the late afternoon, and a healthy285 words
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Article373 1988-11-26 17 No* 26 HKJ Ch«n|t Assoc Inti Hotels 2626 ■0 05 Bonk Of Cost Asia 1760 unch Capitol Corp 0 69 001 Cathay Pacific Air 930 005 Cheuno Kong China Light 760 13 80 -0 05 -04 City Resources 1 13 Cross Horb Tunnel 15 70 +0 1373 words
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Article84 1988-11-26 17 NST. KUALA LUMPUR AFTER two days of firm trading. inevitable profit-taking surfaced on the Kuala Lumpur stock market yesterday. At the same time there was also some selective buying and prices closed mixed-to-easier. Turnover dwindled to 7.37 million units valued at M 519.35 million fromNST. - 84 words
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146 1988-11-26 17 Interbank Foreign currency Australian dollar Canadian dollar N7 dollar Sterling pound US dollar Local dollars to one unit of foreign currency 1 6887—1.6915 1.6302-1.6324 1.2716-1.2742 3.5618 -3 5656 1 9400-1 9410 Austrian schilling Belgian tranc (com) Danish kronor Deutschemark Finnish mark Local dollars to146 words
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668 1988-11-26 18 FLORENCE CHONG - By FLORENCE CHONG, Writing for BT from Darwin IT IS inevitable that major financial institutions in Hongkong will move their head offices to Singapore in the run-up to 1997. when the British Colony reverts to Chinese administration, says Prime Minister668 words
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Article44 1988-11-26 18 Company RIGHTS ISSUE Spore land One 2% unsecured loan Stock with detachable warrants for every ordinary share neld Each $2 nominal value loan stock will be alloted one warrant convertible anytime within live years E* dote Nov 28 Books close Dec 844 words
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Article373 1988-11-26 18 Company RIGHTS ISSUE C 1 Holdings ?7 million loon stocks m the ratio of S3 loon stock fo ever y live ordinary shares held D1C Bank One fo f two $0 7$ per shore Duta Cons One for one S' '0 per share f A C B One373 words
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Article77 1988-11-26 18 THE trial of businessman Allan Ng on an insider trading charge, which began on Sept 6, was adjourned to Keh 13 next year. Ng is alleged to have bought one million Sealion Hotels shares on Oct 8, 1986, based on priresensitive information he received from officers77 words
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Article639 1988-11-26 18 Current Ex Boofce Date Total for Total for payment date cloae payable the year laat year A Enterprises 5% in Nov 2 Nov 17 Dec 5 7% '0% A 1 S B I0%ibl Jon 6 Jon 20 Jon 31 '0% 5% AMDS l%lbl Nov 24 Dec 8 Jon639 words
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422 1988-11-26 18 LIM ENG HAI - By LIM ENG HAI UNITED Industrial Corporation has teamed up with a Hongkong company to buy Inchcape House, a gleaming landmark along Alexandra Road, for $lOO million. Casurina Investments a 50-50 joint venture between UIC and Cotaka Ltd signed an agreement422 words
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Article144 1988-11-26 18 SEEMINGLY anxious to divest itself of a heavy interest burden, Sim Lim Investments has been sounding out property circles on the possibility of a block sale of Sim Lim Square. Should a sale materialise, the shopping complex would be Sim Lim Investments' second major144 words
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Article304 1988-11-26 18 Managers' prices for November 26 28 Singapore Unit Trust In» Commerce 0 9b 1 01 lire Savings Fund 0 8? 0 88 S poie Ping Fund os; 041 Spore Sec Fund 0 63 068 Spore Invest fund 0 66 0/1 Spore Equity Fund Asia Unit Trust 0 48304 words
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Article, Illustration463 1988-11-26 19 LIM ENG HAI - By LIM ENG HAI TWO now incentives to further promote Singapore’s capital markets have been announced by the Minister for Finance. A tax-exemption scheme introduced five years ago will be extended to cover offshore unit trusts, or unit trusts owned by non-resi-dents463 words
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215 1988-11-26 19 FAR Hast Shipbuilding Ltd, which has been aggressively closing new deals in recent months, has landed a $lOO- contract to build a new cable-laying ship. US telecommunications giant American Telephone and Telegraph, which awarded the contract, will use the ship in placing215 words
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283 1988-11-26 19 Glass Hotel sale puts Town City deeper in red THE sale of Glass Hotel for $99.25 million has inflicted further losses on its previous owner, Town City Properties Ltd. The company, which lost the Havelock Road hotel to creditors in March after it defaulted on a loan, said that following283 words
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Article41 1988-11-26 19 METAL Box Singapore Ltd has reported a one-third higher pre-tax profit of $15.26 million for the half year to Sept 30. This was achieved on the back of a 26.6-per cent higher turnover, at $158.57 million.41 words
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182 1988-11-26 19 Bernama KUALA LUMPUR Malaysia Airlines recorded an 8.2-per cent rise in group operating pre-tax profit to M 583.6 million (5560.4 million) for the half year ended Sept 30. MAS said in a statement that group turnover rose to M 5918.19 million,Bernama - 182 words
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315 1988-11-26 19 LEONG WEN WAH - By LEONG WEN WAH in Business Times CASH-RICH Singapore Airlines is seeking offshore leveraged lease financing of US$42O million <SsB2om) for four of its aircraft which are scheduled to be delivered early next year. The lease arrangements could make for a315 words
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Article, Illustration426 1988-11-26 19 Week ended Nov 18. Compiled by Business Times Final results Gross Group net Year to Company dividend profit/loss 000) AMDB 1(1) MS7.297<$5.766) Mar 88 Boustead 85(5) M$4.939($6.447L) June 88 Kump Emas 9(8) M$4 049($2.881) July 88 Lmgui MS6.27SL($3261) June 88 Pegi M'sia M$2.4511 ($3.782L)426 words
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FORUM
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Article, Illustration1421 1988-11-26 20 ON THE BANNING OF THE LAST TEMPTATION OVER a year ago, I was censured by some Malay Singaporeans for not respecting Malay sensitivities over the Herzog affair. Now Mr John C. S. Lee i ST.1,421 words
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Article242 1988-11-26 20 AS citizens of a small country, we have to look out for each other and think of our nation before ourselves, if we are to hold together in a perilous world environment. We just cannot expect anyone to come to our rescue if our ship242 words
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593 1988-11-26 20 ON TEACHING OF CORE VALUES I REFER to the Minister of Education’s recent speech on the teaching of core values and would like to express my full support for his personal observations and wisdom. (ST, Nov 1). I agree that with the existing push593 words
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Page 20 Advertisements
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Advertisement92 1988-11-26 20 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 would prefer your using92 words
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Page 21 Advertisements
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Advertisement765 1988-11-26 21 APPONTMENTS ASIA PACIFIC BANKING INSTITUTE A CHALLENGING CAREER MOVE! Be part of an outstanding team delivering executive training programs Salary Negotiable Attractive Benefits WHAT IS THE CHALLENGE? Working in a fast moving environment, your role will primarily be to manage treasury simulation games which teach participants the basics of foreign765 words
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Page 22 Advertisements
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Advertisement1079 1988-11-26 22 APPOINTMENTS (gssg) ESSO SINGAPORE PRIVATE LIMITED (An affiliate of Exxon Corporation) Esso Singapore invites applications from ambitious, mature, self-motivated individuals who possess leadership, analytical and interpersonal abilities to join our Management Team. Esso Singapore prides itself in the career development of its employees and has a continuing program to groom1,079 words
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TIMESPORT
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Article, Illustration525 1988-11-26 23 MICHAEL LIM - Singapore makes bid to stage Formula One race in 1990 or 1991 By MICHAEL LIM AN AREA in the East Coast has been picked as the site for a permanent Grand Prix race track. Singapore has made a bid to be among525 words
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196 1988-11-26 23 FOURTEEN-YEAR-OLD Marc Seow will be Singapore’s youngest-ever golf international when he tees off for the Republic in their annual match against Malaysia at the Saujana Country Club in Subang this weekend. Marc, a six-handicapper, was the only surprise in the team196 words
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Article, Illustration412 1988-11-26 23 PETER WATSON - SNOOKER CHAMPIONSHIP By PETER WATSON: Sydney SALUTE Asia’s golden wonderkid of snooker James Wattana, the new world champion. The 19-year-old Thai sealed the 198 k title in Sydney last night by 11 frames to eight against England’s Barry Pinches. The win was412 words
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403 1988-11-26 23 THE minimum payout on win bets will be cut from $6 to $5 for of all races with immediate effect. This was announced on Thursday by the Totalisator Board of Malaysia and the Singapore TotalIsator Board In separate’;403 words
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230 1988-11-26 23 JRATK punters described the tote hoards’ decision as a retrogressive step and said they were defeating the very essence of the continual war in stamping out Illegal hookmaking. They said horse racing is a gamble and turf clubs must be prepared to lose, just230 words
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311 1988-11-26 23 ASIA RUGBY CHAMPIONSHIP HONGKONG South Korea, rugby kingpins of Asia, captured the Asian rugby title with a last-minute try at the Government Stadium last Saturday. The Koreans defeated arch-rivals Japan 17-13 in a thrilling final for their second straight title, their third overall, in311 words
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Article, Illustration125 1988-11-26 24 BIRD'S-EYE VIEW of Kota Baru, Kelantan, submerged by flood waters earlier this week. The East Coast state was one of the worst hit by this year's monsoon rains, which have also caused extensive floods In Trengganu, Kedah, Pahang, Perilsmonsoon rains. — Reuter pleture. - 125 words
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323 1988-11-26 24 TAN TECK HUAT - By TAN TECK HUAT SINGAPORE suffered its biggest retrenchment exercise this year when Seagate Technology, the largest private-sector employer here, announced this week that it was laying off 800 non-production workers from its Kallang Bahru plants to cut costs. Those retrenched included managers,323 words
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Page 24 Advertisements
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Advertisement6 1988-11-26 24 Nikon Tht World'» Flnotl PholoqrtphK Sftlom6 words
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Page 24 Miscellaneous
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Miscellaneous41 1988-11-26 24 SUN TAN JUST THE IT 6 Vc s WEEKEND JUST do/mq what I EnJoY Doing most HE SIHSt VfiieDoM THAIS HlCa s o By Collette Ho WHERE'S A UST of All rwe things you ARE 60/N(STo EHToY iO/N« i Morfi f41 words
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