The Straits Times : Weekly Overseas Edition, 7 January 1989
1989-01-07
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-01-07 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY. JANUARY 7. 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article755 1989-01-07 1 What cannot change is that our future cannot be taken for granted’ AT HOME: A new generation at the helm; ABROAD: Tensions eased PRIME Minister Lee Kuan Yew said last Saturday that 1988 marked the end of an era both in the international755 words
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Article, Illustration769 1989-01-07 1 Minister identifies two disturbing trends THERE is a drift towards separate racial enclaves in housing estates, a dangerous trend that must be nipped in the bud to prevent the creation of a divided society, the Minister for National Development warned last night. Mr769 words
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80 1989-01-07 1 NST. KUALA LUMPUR Lawyer John R. Gurusamy was sentenced to six years’ Jail for criminal breach of trust of M5799.0Q0 (5549?,90C) belonging to the Tamilian Physical Culture Association.* Sessions Court judge Abdul Rahman Abdol also fined him MS3M.IN, or In default another 15 months' jail.NST. - 80 words
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Advertisement85 1989-01-07 1 Chok Tong: I wanted to be a journalist Page 4 INSIDE HOME B 6 Lee: How we can all live happily together PAGE 5 Francis Seow’s name not in seating plan of new House PAGE 3 6 school heads promoted to $5,000 class PAGE 8 CAUSEWAY Spirit of ’46 group85 words
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Advertisement17 1989-01-07 1 (A»~ JafKUm (ft*»» < CnuwW Hkmr v r«w i iiw WHW-' »i' 1 v Ct Race of mind17 words
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HOME
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Article, Illustration807 1989-01-07 2 No middleman role in Beijing-Taipei affairs PRIME Minister Kuan Yew has gone on public record to dispel persistent media speculation in Hongkong and Taiwan about him playing a middleman role betw'een Beijing and Taipei. Singapore will not want to get involved in what goes807 words
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156 1989-01-07 2 SINGAPORE motorists are once again heading across the Causeway to fill up their tanks. Despite petrol prices being higher in Johor, the cheaper Malaysian ringgit now at a record low of $1.39 to the dollar makes the trip worthwhile. A motorist who pays156 words
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458 1989-01-07 2 SERENA TOH - By SERENA TOH LAW graduates, dentists and accountants who join the civil service are now starting off with less pay than their peers in the teaching profession. This is a significant change from the past when teachers used to458 words
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381 1989-01-07 2 A TASK force to map out a new strategy to improve the academic performance of Malay students is likely to be set up soon by Mr Sidek Saniff, the Senior Parliamentary Secretary (Education). Disclosing this in an SBC interview.381 words
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216 1989-01-07 2 REGULATIONS governing the procedures for referring and settling disputes on copyright matters have been laid down and came into effect last Tuesday. The Copyright Tribunal (Procedure) Regulations 1988 were gazetted last Friday. The tribunal was set up under the Copyright Act 1987 to216 words
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194 1989-01-07 2 THE first woman to be caught urinating in a Housing Board lift was fined $7OO by a district court last week. Housewife Tan Lee Hiang, 36, had originally pleaded guilty to the charge on Dec 23 but the court rejected194 words
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Article, Illustration766 1989-01-07 3 For the first time it will have at least one Non-Constituency MP SINGAPORE’S Seventh Parliament, elected at the general election in September, will sit for the first time on Monday. This was announced in an extraordinary Government Gazette issued in the name of President766 words
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Article, Illustration609 1989-01-07 3 He wants chairmen to come together on vital issues THE new session of Parliament will see some changes in the way Government Parliamentary Committees (GPCs) work if its new co-ordinating chairman, Mr S. Chandra Das, has his way. Mr Chandra Das, who took over609 words
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394 1989-01-07 3 LAWYER Francis Seow does not appear to have been allocated a place in the new Parliament. His name is missing from the seating plan of the House released yesterday. Seow, along with veteran opposition politician !,ee Siew Choh. was gazetted as a394 words
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Article290 1989-01-07 3 HOURS after fixing a newhearing date for the trial of absent lawyer Francis Seow on a tax evasion charge, a district court on Tuesday agreed to defer hearing for yet another day at the request of the prosecution. The action came after Deputy Public290 words
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90 1989-01-07 3 SHAW Organisation produced its first “triplets’’, so to speak, when it opened Changi 1, 2 and 3 its first triplex cinema comprising three single-class, one-price halls on Christmas Eve. The $2.5 million triplex Singapore's first is housed in the old Changi cinema along New-90 words
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RI Class of 1958 reunion
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Article, Illustration706 1989-01-07 4 ALAN JOHN - Switch to arts was the turning point in his life By ALAN JOHN GOH CHOK TONG might have written this story, if life had not led him through unexpected pathways. He confessed last week that as a Raffles Institution schoolboy, he wanted706 words
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Article, Illustration849 1989-01-07 4 1 DO not know what drew Vidor w Choa and I together in Form 11. It could not be because he was chubby and I was lanky. During the first term holidays, he invited me along with other boys to his home 1 was supposed to849 words
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343 1989-01-07 4 THE grand bash of the Raffles Institution Class of ’5B was set for 7 30 pm, but by 7 the noise in the lobby of the Raffles ballroom of the Westin Stamford was reminiscent of recess time in school. Thirty years on, they343 words
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Article259 1989-01-07 4 THREE more town councils were gazetted last week, making a total of nine Phase One town councils. With the gazetting of Aljunied, Potong Pasir and Tiong Bahru town councils last week, the first phase is completed and the councils will have to take over running259 words
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Article, Illustration426 1989-01-07 5 How we can all live happily together by BG Lee TRADE and Industry Minister I/ee Hsien Loong has identified four guiding principles which he would like to see incorporated in Singapore's national ideology. Spanning the political, social, ethical and personal spheres of life, they emphasise the need to: PRESERVE multi-ra-cial,426 words
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164 1989-01-07 5 A MOTHER who used her 10-year-old daughter as an accomplice to pick pockets was jailed for eight months by a district court this week. Soh Sua Pian, 41, who had three previous similar convictions, admitted stealing a wallet from a woman at Pisces Garments164 words
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Article241 1989-01-07 5 BOEY KIT YIN - By BOEY KIT YIN in Business Times NEARLY 250 million 10-cent coins were dropped into Singapore’s public telephones in the year which ended March 1988. But, by 1991, no more 10-cent coins may be making their way into the innards of the orange instruments. This is241 words
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Article, Illustration496 1989-01-07 6 EUGENIE LEE - Mini-waterfalls and rock gardens gain popularity By EUGENIE LEE MORE Housing Board flat dwellers are spending money on mini-waterfalls and rork gardens to bring a bit of the outdoors into their homes. The residents, especially those in bigger flats, do not496 words
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Article45 1989-01-07 6 ONE of Orchard Road's leading Chinese restaurants, the Peking Mayflower in International Building, was fined $5OO this week for having a dirty kitchen. Environment officers found rat droppings, food waste and cigarette butts all over the kitchen floor, a court was told.45 words
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Article, Illustration271 1989-01-07 6 A 15-YEAR-OLD school dropout died after he was stabbed in the stomach during an assault by at least five youths outside a 7-Eleven store in .lurong, in the early hours of the New Year. Too Seow Loong, the first271 words
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436 1989-01-07 6 THE deadly Aids virus is now known to have hit 34 Singaporeans, with five new cases discovered in December and the Health Ministry has warned that there is now a high risk of local infection as the436 words
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452 1989-01-07 6 Writs of habeas corpus by four ISA detainees THE Government last week cited pending changes to the Internal Security Act in seeking more time to reply to four political detainees who claim they have been illegally rearrested. The High Court had given452 words
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565 1989-01-07 7 SHAUN SEOW - Board trying to sell Singapore as an attractive global business centre By SHAUN SEOW SINGAPORE, a strategic node for global business this is the Economic Development Board’s hardsell message to the world in the next three months. In a major advertising programme, launched last565 words
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Article, Illustration608 1989-01-07 7 BEN DAVIDSON - By BEN DAVIDSON A SENIOR partner of Coopers Lybrand, an international audit firm, last week won his High Court appeal against a five-year suspeasion for alleged professional misconduct. “In my opinion, what he did falls short of the degree of culpability attached to an608 words
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125 1989-01-07 7 THE National Museum in Stamford Road is to close its doors to the public for 14 months from Jan 16 for restoration work which will cost $5.5 million. But because the restoration work will be carried out in stages, the Art Gallery and the125 words
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146 1989-01-07 7 RESTAURANTS and supermarkets In Singapore are continuing with Imports of growth-hor-mone-hred beef from the United States. This Is despite the European Community’s move to ban It because of possible health effects from the growth hormones used. The management of popular supermarket and restaurant chains146 words
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391 1989-01-07 7 LESLIE SIM - By LESLIE SIM POLICE say they will be breathing down the necks of touts over the next few months to dean them out of the Tanglin Road and Orchard Road tourist belt. Now, touts who enter hotels to peddle their wares will391 words
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239 1989-01-07 7 TWO Singaporeans helped then .selves to more than just airline food and drinks when they tried to walk away with life vests. They pushed Singapore Airlines’ famed hospitality to the limit when, on a flight back from Bangkok on Dec 6,239 words
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Article181 1989-01-07 7 A TRADE war between the European Community and the United States will hurt Singapore, said Trade and Industry Minister Briga-dier-General (Res) Lee Hsien Loong. At a press briefing last week, he said even though Singapore is not an exporter of hormone-fed beef which is at181 words
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Article, Illustration539 1989-01-07 8 SERENA TOH - They’re the first to make it to the top while still serving as principals Superscale joy for a record 13 education officers By SERENA TOH A RECORD number of 13 education officers, including six principals, have h<*en promoted this year to superscale539 words
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97 1989-01-07 8 VETERAN private eye Alexander Henson, 75, died this week of a heart attack. A former police inspector with 27 years of distinguished service, he retired in 1959 and set-up a private investigation firm. Mr Henson was a founder member of the Association of97 words
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190 1989-01-07 8 ORCHARD Road will take a back seat come February when the Singapore River Hong Bao carnival returns to the Singapore River next month to herald the Year of the Snake. Winding its way from Hong Lim Park, via North Canal Road, to the190 words
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104 1989-01-07 8 KILLER litter bugs appear to be a dying breed or so it appears from the decreasing number ot eases handled by the Housing Hoarn over the oast tew vears Ip !S!T., tnere were ii convictions tothe oflencc a more than tnree-fold dron from the104 words
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270 1989-01-07 8 SINGAPORE Airlines has come out tops among foreign airlines in two Japanese newspaper surveys on inflight service. In separate surveys conducted by Nihon Keizai Shimbun and Mainichi Shimbun, SIA was voted the No. 1 foreign airline. The two Japanese carriers Japan Airlines270 words
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Article70 1989-01-07 8 A WOMAN jogger returned home from an early morning run to find $62,500 worth of jewellery and $3O cash missing from her terrace house. Madam Cho Siew Chiew, 58, told police she had locked her house in Jalan Kemboja, off Upper Serangoon Roa i, on Monday70 words
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Article, Illustration376 1989-01-07 8 Family thought he was possessed, and just prayed TWENTY-EIGHT black Muslim prayer-beads were found lodged in the throat and windpipe of a dead man whase family thought he had been possessed by evil spirits. When 30-year-old Buhari bin Suruwat’s376 words
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206 1989-01-07 8 IF YOU had always thought that mee rebus was a Malay or Indian concoction, you are wrong. And if you thought that ice kacang is as native in origin as rod prata is Indian, you are wrong again, said an expert on heritage, architect Tay206 words
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Advertisement265 1989-01-07 5 Be at the forefront of technology as a Defence Engineer lefence equipment and systems have always been at the cutting edge of technology. That’s just the first advantage of a career in MINDEF’s Defence Technology Group (DTG) one of the biggest engineering groups in Singapore. As a Defence Engineer, you’ll265 words
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across the CAUSEWAY
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Article, Illustration537 1989-01-07 9 ISMAIL KASSIM - Razaleigh may have to choose between Shahrir and ex-MB Othman By ISMAIL KASSIM KUALA LUMPUR Umno dissidents in Johor belonging to the Spirit of '46 group, whieh is opposed to the leadership of Prime Minister Datuk Seri Dr Mahathir Mohamad, have537 words
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171 1989-01-07 9 NST. SEREMBAN The Democratic Action Party (DAP) has identified Johor as its "front line" state to win greater representation in Parliament and State Assembly. Party chairman Dr Chen Man Hin said this on Tuesday, adding that there was a good— NST. - 171 words
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304 1989-01-07 9 ical body,” he said. Bernama. KUALA LUMPUR Former prime ministers Tunku Abdul Rahman and Tun Hussein Onn have been appointed chairman and deputy chairman respectively of the pro-tern committee for a proposed national human rights organisation in Malaysia. Also appointed deputyical body,” he said. — Bernama. - 304 words
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309 1989-01-07 9 KUALA LUMPUR The Malaysian Chinese Association expelled a veteran party leader and warned other members they risked the same fate if they consorted with any group opposed to the National Front. The decision to expel Mr Wong Chan Shin was made309 words
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146 1989-01-07 9 KUALA LUMPUR The ruling National Front will field Mr Ong Tee Klat from the MCA as Its candidate to defend the Ampang Jaya parliamentary seat In the Jan 28 by-election. His main opponent Is expected to be former Selangor Mentri Besar Datuk146 words
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Article, Illustration167 1989-01-07 9 Orchid that looks like a mini-hanging garden beats 250 others at New Year show NST. TEN years of care by Mr Abdul Majid Wardin. 44, produced this winning orchid at the New- Year Orchid show and Flotal Arrangement competition in Kuala Lumpur. HisNST. - 167 words
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373 1989-01-07 10 Programmes of interest only to one community will be axed KUALA LUMPUR NST. RADIO Television Malaysia is revamping its television programmes to more effectively foster racial in tegration. RTM director-general Jaafar Kamin said the revamp is also aimed at increasing RTM revenue andNST. - 373 words
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186 1989-01-07 10 KUALA LUMPUR Papua New Guinea teachers are protesting against their government's decision to recruit Malaysian teachers and have asked Malaysians not to accept the offer, The Star reported. The PNG Teachers Association, in a letter to a Malaysian teachers' union, said it was186 words
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Article50 1989-01-07 10 Bernama KOTA BARL' Kelantan police have smashed two counterfeit currency smuggling syndicates with the arrest of 12 people and the seizure of 274 fake Msso notes Since October several fake Msso and Msloo notes have been discovered by banks in Kedah, Perak and Malacca. BernamaBernama - 50 words
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Article, Illustration278 1989-01-07 10 Hunt on for lawyer and three others NST KUALA LUMPUR Police this week released the names and photographs of four people wanted in connection with investigations into the fraudulent transfer of M 522.2 million (5515.78 million) out of Bank Negara. The main pairNST - 278 words
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189 1989-01-07 10 NST. ALOR STAR Kedah is to enforce a law making it an offence for Muslim men to impersonate or behave like women, a state Islamic affairs official said. A Syariah court prosecutor in the Kedah Islamic Religious Affairs Council, Sheikh Hassan Ariffin,NST. - 189 words
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136 1989-01-07 10 NST. IPOH The Pension Division is tracking down widows who have cheated the government of MSI.3m (5J926.000) over the past four years by claiming their late husbands' pensions after re-marrying. These women will have to refund all payments received from the date of their re-marriage,NST. - 136 words
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Article47 1989-01-07 10 Bernama KOTA KINABALU The Sabah Anti-Corruption Agency (ACA) arrested 74 people for offences involving a total of MSI. 3 million (*****.000) last year. Sabah ACA director Ahmad Said Hamdan said the number of arrests increased 45 per cent from the 51 in 1987. Bernama.Bernama - 47 words
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253 1989-01-07 10 KUALA LUMPUR Two university professors and two lecturers head the Malaysian Chinese Association list of 10 representatives to the New Economic Policy Consultative Council to formulate an economic policy after 1990, The Star reported. The newspaper quoted a MCA spokesman as saying that253 words
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Article78 1989-01-07 10 of 53 k of heroin. Bernama. KUALA LUMPUR Polio** have, (or the drat time, Invoked the Dangerous Drugs Aet 1988 (Forfeiture o( Properties) to seize about M$17,CM (S$ 12,848) worth of jewellery from a suspeeted drug traffleker in the federal eapital. The jewellery watehes, bangles,of 53 k of heroin. — Bernama. - 78 words
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188 1989-01-07 10 NST. JOHOR BARU More than 1,650 of the 2,014 girls reported missing in Johor in 1986 and 1987 are still missing, according to the police. The others have been traced and returned to their homes or placed in the custody of the welfare authorities.NST. - 188 words
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Article, Illustration185 1989-01-07 10 last Thursday. Bernama, NST. MALACCA Two children found dead last Wednesday in a disused refrigerator in an abandoned shop at Batu Berendam had been sexually assaulted and beaten, police said. Superintendent Mohamad Bashir Niamat All said their bodies showedlast Thursday. — Bernama, NST. - 185 words
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CAUSEWAY/ASEAN
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460 1989-01-07 11 ISMAIL KASSIM - By ISMAIL KASSIM: Kuala Lumpur THE Youth wing of New Umno has decided to back the six-point resolution adopted at last month's Johor Malay Unity Forum which aimed to resolve the split among former members of the deregistered Umno. Party insiders said460 words
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223 1989-01-07 11 NST. KUALA LUMPUR Former Malaysian Chinese Association president Tan Koon Swan, who is serving an 18-month jail term for criminal breach of trust, is expected to be released next month. MCA sources said yesterday that Tan, 48, was likely toNST. - 223 words
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Article, Illustration372 1989-01-07 11 All resources should be used for development, says Suharto in book Reuter JAKARTA President Suharto, in a book to be published next month, says the country should use all available resources for national advancement irrespective of national or ethnic origin. He defended oligopoliesReuter - 372 words
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334 1989-01-07 11 BANGKOK General Chatichai Choonhavan wants a 10-year logging ban imposed throughout the country. The Prime Minister said this week it was his government’s policy to protect the country’s forests and that the administration was working on legislation to curb illegal logging activities. He made334 words
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348 1989-01-07 11 ‘Dua anak cukup’ has been slogan since 1970 JAKARTA Indonesia's population is expected to grow to between 200 million and 223 million by the year 2000, officials say. The figure is less than previous predictions, thanks to the national family planning programme, the chairman348 words
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319 1989-01-07 11 AFP. MANILA The Philippine government has begun issuing warnings to all foreign visitors not to commit national security offences and to secure clearances from their embassies before visiting certain areas. Defence Secretary General Fidel Ramos said the advisory prepared by his department, theAFP. - 319 words
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COMMENT/ Pick of the week’s editorials
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Article595 1989-01-07 12 JAN 7. 1988 THE Minister for National Development, Mr S. Dhanabalan, has sounded a warning which Singaporeans can ill-afford to ignore. The racial integration which has been achieved in public housing estates in the last two decades is today in danger of being reversed. Certain neighbourhoods595 words
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Article586 1989-01-07 12 JAN 6. 1989 THE. Singapore International Chamber of Commerce's warning that the increases in statutory contributions could render Singapore uncompetitive again is a useful reminder. With a record 10.9 per cent growth last year, it is easy, amid the euphoria, to forget the lessons of the586 words
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Article633 1989-01-07 12 JAN 5, 1989 THE Reagan administration ended its first term without any significant foreign policy successes. Ironically, as the Reagan era comes to a close, the administration's major achievements are largely in the foreign policy arena. In a fortnight, when the world bids farewell to633 words
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651 1989-01-07 12 FOR THE RECORD TODAY’S formal opening of the legal Year 1989 is one for the record. The traditional reception, marking the celebration of a new year and hosted annually by the Chief Justice, is to be held today for a welcome change651 words
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Article186 1989-01-07 12 “The qualities of leadership do not change because an era has changed. A good leader has to provide an inspirational goal for his people so that he galvanises them and brings them towards a common vision or a common target. That cannot change/’ Prime Minister Lee Kuan Yew186 words
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COMMENT/ Perspective
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People and events that made 1988 a lively year
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Article221 1989-01-07 13 WINNERS, losers, leaders, followers, go-getters, stumblers they all add up to a lively, exciting, eventful and sometimes sobering year in the history of the corporate world. LIM ENG HAI focuses the spotlight on the best and the worst of 1988, drawing out notable personalities, events and publicly-listed companies.221 words
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Article, Illustration96 1989-01-07 13 NOW YOU SEE IT, NOW YOU DON'T...Chuan Hup Holdings wrote off $48.5 million from its investments in two foreign-listed companies, Chuan Hup Australia and Crownhampton International Ltd of Hongkong, and a further $19.4 million from the value of its fleet of specialised vessels. In doing so, Chuan Hup96 words
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Article107 1989-01-07 13 THE BIGGEST GULP... Neptune Orient Lines staged the biggest fund-raising exercise of the year with its inelegantly-named $3OO million irredeemable convertible cumulative preference share (ICCPS) issue. Announced in August, the ICCPS issue came as a bit of a shock as shareholders had only seven months earlier forked107 words
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Article, Illustration93 1989-01-07 13 »H NO, NOT ANOTHER ONE The Aids scare, leading to skyrocketing demand for examination gloves, had companies falling over themselves to set up factories. Publicly-listed IGB Corporation, Hexza Corp, Asiatic Development, Industrial Oxygen Inc, MBf Holdings, Berjaya Corp, DMIB Bhd and Causeway Investment joined more than93 words
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Article123 1989-01-07 13 WALL FLOWER OF THE YEAR ...Polytek Wearnes Holdings, a company which defies any simple description, offered 16 million shares but had only slightly more than a third taken up. On the day of the party, Nov 28, Polytek attracted little attention. So it became the first123 words
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Article140 1989-01-07 13 THE LONGEST WAIT... The much-delayed Orchard Square project looks like it will finally take off, after being stuck on the drawing board for 16 years. The Teochew clan association Ngee Ann Kongsi leased the site opposite Lucky Plaza to a company called Orchard Square Development Corp in140 words
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Article149 1989-01-07 13 DARLING OF THE STOCK MARKET... Property based Hong Fok Corporation fired the investing public’s imagination last year when its longsuspended shares made a strong comeback to record the year’s biggest gain by any Singapore-listed stock. Re-listed in February after the rescheduling of some problem loans, Hong Fok shares149 words
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Article, Illustration130 1989-01-07 13 This title must surely belong to the “invisible” Mi 1 Ong Beng Seng (top), the 42-year-old managing director of Hotel Properties. Breathing not a word to the press, he nonetheless grabbed headlines repeatedly by buying quite a few much-publicised properties: Glass Hotel for130 words
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Article, Illustration169 1989-01-07 13 THE MURKY CRYSTAL BALL AWARD ..goes to food-based group QAF Ltd which must surely possess the worst track record for forecasting its own profits or losses. Way back in 1986, after reporting a $2.6-million interim pre-tax profit, its directors talked of an equally big profit in the169 words
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Article, Illustration127 1989-01-07 13 HE WAS VERY UNFORTUNATE... Mr Hendra Rahardja. Indonesian motorcycle trader-turned-hotelier, qualifies as the biggest loser: Three hotels and a prime office block slipped out of his control. Receivers have since sold three of the four properties: Glass Hotel, Meridien Orchard and Harapan Building, leaving Changi127 words
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TIME$
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Article1915 1989-01-07 14 JULIANA TAY - Compiled by JULIANA TAY Rank Company Bank Market Number 1988 Par Market Grose P/E last Value of Shares Share Price Value Price Yield Ratio year (In Smll) Issued as at as at as at as at Dec 31 Dec 31 Dec 31 Dec 31 High Low (S)1,915 words
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901 1989-01-07 14 FOO CHOY PENG - Value of Top 100 companies up 27 pc to $7O billion By FOO CHOY PENG “SINGAPORE Airlines doesn’t deserve to be second" was how the airline's finance director described his company's annual report, recently voted the best for the second year running. That,901 words
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Article, Illustration913 1989-01-07 15 PATRICK DANIEL - But slowdown to 6-7 per cent forecast for this year By PATRICK DANIEL THE Singapore economy grew by an estimated 10.9 per cent this year, the highest annual growth this decade. While a double-digit performance was widely expected, following three quarters of growth913 words
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Article336 1989-01-07 15 GOODWOOD Park Hotel Ltd and listed subsidiary, Hotel Malaysia Ltd, turned in another disappointing performance during the financial year ended Sept 30. The Goodwood group flagship of Malaysian property tycoon Tan Sri Khoo Teck Puat which includes the Goodwood Park, York and Ladyhill hotels, suffered a336 words
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165 1989-01-07 15 AFTER some initial uncertainty, investors last week valued the two separate entities that arose from the British-incorporated Cold Storage Holdings at about the same price as their predecessor. Shares in the new Singa-pore-incorporated Cold Storage Holdings closed at $3.98 on the first day of trading,165 words
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462 1989-01-07 15 BANGKOK Bank Ltd has filed a writ against Sim Lim Investments (SLI) claiming about $9 million together with interest and costs, reports Business Times. This was disclosed by SLI on Wednesday, which said it was disputing the claim and will be filing462 words
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Article, Illustration160 1989-01-07 15 CONSOLIDATED Hotels Group executive chairman Stephen Yap Teck Ching died on Dec 26. He was 53. Although his wife. Madam Angeline Lim, is also a director of the company, it is not known who will replace him. The group owns three hotels in Singapore the Peninsula160 words
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Article4515 1989-01-07 16 TRANSACTION DATE: JAN 6, 89 Gr’s 1988/89 Tel Last Y’ld Vol Day Last Quote High Low Code Company Sale orV. 000) High Low Buyer Seller SECTION ONE INDUSTRIAL COMMERCIAL 141 95 t e 1000 Acma 117 2 09 33 118 116 116 118 85 42 10014,515 words
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Article49 1989-01-07 17 THE day-to-day ST Industrial indices and daily turnover for the week: MONDAY: HOLIDAY TUESDAY: 1,034.23 points (down 4.39); 12.77 m units (value $21.02m);; WEDNESDAY: 1,030.09 (down 3.54); 22.09 in units ($31.09m); THURSDAY: 1,034.13 (up 3.44); 53.9ni units ($73.49m); FRIDAY: 1,043.34 (up 9.21); 45.09 m units ($04.23m).49 words
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Article101 1989-01-07 17 Rubber (per kilo) S’pore Mains sin (cent*) (sen) Jan 2 HOLIDAY Jan 3 207,50 292 50 Jan 1 204 (Kl 2X9 SO Jan 5 200 00 291 00 Jan 6 209 50 293 00 Palm oil Crude MS, tonne palm oil January 94/ SO (south) 930 (north) February101 words
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84 1989-01-07 17 Reuter A FIRMER rlose to the Hons kong stock market yesterday saw share prices improve. As expected after this week's sharp rises profit-lakers stepped in and pared gains. The Hang Seng Index (ell hack after hitting 2,773 points, above the post-crash high ofReuter - 84 words
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292 1989-01-07 17 Weekly stockmarket report TIIK Singapore stoek market ended the first week of the New Year on a buoyant note after a disappointing start, with turnover on the last two days totalling almost I INI million units. The market reopened on Tuesday after the292 words
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Article181 1989-01-07 17 INVESTORS had every reason to be cheerful yesterday as the Kuala Lumpur stock market enjoyed a second day of uptrend Prices finished firmer across the board in active trading Turnover rose to 30 million units on special interest and bar gain-hunting, partly helped by a181 words
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Article383 1989-01-07 17 Un 6 HK$ Ch»njt A»toc Inti Hotel» 2 85 -0 025 Bonk Of Eo»t Avo 20 10 0 1 Capitol Corp 060 unch Cathoy Pocitic A» 9 45 •0 15 Cheung Kong China Light 8 65 0 05 13 70 unch City Re»ource> 1 00 unch Cro»»383 words
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178 1989-01-07 17 Counter rates Singapore dollara to one unit of foreign currency Foreign Currency Buying OD Selling US dollar l 9285 1.9470 Sterling pound 3 4534 3 5065 Australian dollar 1 6608 1 6997 Canadian dollar ***** 1 6416 N/ dollar 1 2136 1 2500 Singapore178 words
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450 1989-01-07 18 SHARON LAU - By SHARON LAU LISTED Hotel Properties Ltd has taken its battle with US-based hotel management chain Hilton International Co into the opponent's court. It questioned Hilton's Area Vice-President Oskar von Kretschmann’s Oct 14 statement attributing the high occupancy rates of Hotel Props'450 words
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Article63 1989-01-07 18 lIILTON International Singapore (HIS) has served an injunction on Hotel Properties Ltd (HPL) in the continuing dispute over an alleged breach of management of the hotel in Orchard Road. As formal legal proceedings have started, lIIS said this week, it would not further comment on the63 words
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233 1989-01-07 18 SINGAPORE'S pioneer fast-food chain, A& W, changed hands last week The franchise for operating the chain in Singapore and Thailand was passed on to Scotts Holdings (Pte) Ltd by Bowater Singapore Ltd for an undisclosed sum. The deal was a culmination of many233 words
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Article150 1989-01-07 18 INTRACO Ltd. the listed government-linked trading company, is venturing into the motorcar trade for the first time by distributing Russian I^da. And it has plans to use its new venture as a launching pad to market and distribute I.ada cars and parts in Asia. were150 words
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Article100 1989-01-07 18 Company RIGHTS ISSUE General Corp Issue ol $49 204 936 nommol amount ol 8% Convertible Unsecured loan stocks ICUIS) 1988/93 on the basis ol $2 nominal amount ol loan stocks lor every live GC8 shares ol $1 each or $2 nominal omount ol CUIS 1988/93 lor every $7100 words
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Article328 1989-01-07 18 Company RIGHTS ISSUE C 1 Holdings 27 million loan stocks in the ratio ot $3 loon stock tor every live ordinary shares held Causeway Inv Issue o( $7,252,93/ nominal amount ol 6% loon Stock 1989/94 on the basis ot $1 nominal amount ol loon stock with two TSRs328 words
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Article210 1989-01-07 18 Bernama. KUALA LUMPUR Aokam Tin Bhd, which has pulled out of the tin industry, is finalising a Ms3o- (5J21.41 million) high-tech products manufacturing project with its Japanese and Korean partners. Executive Director Mohamed Ghazali Khalid told reporters after the company's annual general meeting that negotiationsBernama. - 210 words
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557 1989-01-07 18 Reuter KUALA LUMPUR The widely expected shakeout in Malaysia's fast-growing rubber glove industry has arrived sooner than expected. The cause is massive defaults by IJS importers since September. After a drastic fall in latex prices, US importers are demandingReuter - 557 words
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Article306 1989-01-07 18 Managers' prices for January 7 9 Singapore Unit Trust The Commerce 0 SB 1 04 Ihe Sowings fund 0 8S 0 90 S pore Prog fund 0 37 0 41 S pore Sec fund 064 069 S pore Invest f und 0 68 on S pore Equity f306 words
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960 1989-01-07 19 Aussie dollar leads in rise against greenback HONGKONG Asian currencies experienced mixed fortunes last year, with the Australian and South Korean units rising considerably against the US dollar, and the New Zealand dollar and Malaysian ringgit losing the most value. The South Korean960 words
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91 1989-01-07 19 nomie issues. Bernama. KOALA LOMPOR The Kuala Lumpur Stock Exchange (KI*SK) plans to set up a radio station to provide detailed broadeasts of economic news and reports. (ieneral Manager Mohamed Salleh Abdul Majid said the exchange had written to the Information Ministry seekingnomie issues. — Bernama. - 91 words
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385 1989-01-07 19 KUALA LUMPUR Malaysia’s central bank, Bank Negara, has been intervening heavily in the local foreign exchange market since Tuesday to prop up the ringgit, dealers said. They told news wire agency Reuters that the bank might have sold about US$5O million (Ss96 million) in385 words
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Article170 1989-01-07 19 Bernama KUALA LUMPUR Bumiputras won about 74 per cent of the M 51.45 billion (551.03 billion) contracts for sourcing of equipment, materials and services to undertake exploration, development and production under Petronas’ production sharing contracts (PSC) for the first nine months of last year.Bernama - 170 words
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Article, Illustration473 1989-01-07 19 FLORENCE CHONG - By FLORENCE CHONG writing for BJ from Sydney AUSTRALIAN bankers agreed to grant the finance and real estate group HDFI, whose majority shareholder is Malaysianborn Lee Ming Tee', two months’ grace when its five-month moratorium involving loans of Asl4o million expired last473 words
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222 1989-01-07 19 PHILIPS is relocating its regional telecommunication and data systems division to Hongkong less than three years after setting it up here. Philips Singapore Chairman and Managing Dim tor Bonno Hvlkema told The Straits Times the decision to relocate was made three months ago222 words
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FORUM
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Article, Illustration505 1989-01-07 20 Anger over what 3 young people said about our elderly THE report “Greying of Singapore: Part 7" (ST, Dee 19) contained the comments of seven people on the elderly. I am deeply disappointed with three of the comments, i.e. those by505 words
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347 1989-01-07 20 I REFER to the report “This is not way to talk about elderly” (ST. Dec 29), and 1 support Hor Kwai Yeow in his comments about the three young Singaporeans who made statements about the elderly. Only irresponsible and unfilial children would ever347 words
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201 1989-01-07 20 THIS is my first visit to your country of many cultures. It would take many visits and conversations to have a small understanding of this microcosm of a future society. Your newspaper report, “The Greying of Singapore: Part 7", caught my eye.201 words
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Page 20 Advertisements
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Advertisement244 1989-01-07 20 Straits Times SQ New. keeping in k L > 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 fills244 words
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Advertisement96 1989-01-07 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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Advertisement966 1989-01-07 21 APPOINTMENTS TO ALL GRADUATING STUDENTS IN THE US AND CANADA JOB OPPORTUNITIES IN SINGAPORE RECRUITMENT OF GRADUATES/POST-GRADUATE STUDENTS IN ENGINEERING AND OTHER TECHNICAL DISCIPLINES (MARCH 1989) If you are interested in exploring excellent job opportunities with some of the finest multinational corporations and local companies in Singapore, then attend one966 words
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Page 22 Advertisements
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Advertisement922 1989-01-07 22 APPONTMENTS PEOPLE WHO CAN MAKE AN IMBACT. These are the people we want at THOMSON. Professional, seasoned, determined to deliver only the very best products. Because at THOMSON, were out to change consumer trends of tomorrow. And you’re going to help us do just that. TRAINING MANAGER Training professionals with922 words
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TIMESPORT
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Article, Illustration477 1989-01-07 23 JOE DORAI - By JOE DORAI THIS year’s semi-profes-sional soccer Premier League, kicked off last week, promises to be even better than last year’s inaugural competition. More thrills are in the offing despite the withdrawal of Changi CSC from the eight-team tournament One reason for this477 words
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Article245 1989-01-07 23 J. Rajendran - By J. Rajendran FANDI Ahmad may resume his playing career in Europe this year, and the team who could be giving him that chance are the top Austrian club FC Swarovski Tirol, runners-up in the Merdeka tournament earlier this month. The Singapore striker has agreed to attend245 words
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Article51 1989-01-07 23 A TRUST fund has been set up by the Football Association of Selangor and Public Bank for the benefit of the family of R. Arumugam. the former Malaysian goalkeeper. Arumugam, 35, was killed in a road accident on Dec 18. He leaves a wife and two51 words
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Article, Illustration287 1989-01-07 23 MAHMOOD GAZNAVI - By MAHMOOD GAZNAVI reporting from Hongkong TWO of China’s greatest women badminton players Li Lingwei and reigning world champion Han Aiping will quit the sport this year. Lingwei, 24, and Aiping, 26. have also been appointed assistant coaches to China’s women’s team. Between them, Lingwei and287 words
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Page 23 Advertisements
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Advertisement704 1989-01-07 23 REACH SINGAPORE FROM HOME. To advertise, contact our representat i ves below: MALAYSIA: The New Straits Times Press (M' Bhd 31. Jalan Riong, Kuala Lumpur *****. Tel *****44 Cable: 'New Timer,' Telex MA ***** Fax: (03) *****34 U.K.: Mr John Armour/Mr Ft. Ramesh The Strails Times Press (London) Ltd 102/106704 words
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360 1989-01-07 24 Chamber chief warns THE Singapore International Chamber of Commerce (SICC) this wee kwarned that the Republic was becoming expensive for business again, and urged the Government to reconsider moves to raise the levy on foreign workers and employers' CPF contribution. Sounding a low optimistic360 words
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218 1989-01-07 24 A SINGAPORE-REGIS-TERED ship, the Rentala, last night prepared to sail from the Finnish port of Kotka after its Danish owners agreed to pay some US$lOO,OOO (*****.000) in additional wages to some of its Filipino crew It had been held up at218 words
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Article, Illustration187 1989-01-07 24 ONE thing they found out In closing Orchard Koad to iraffle on < hristmas cvc and New Year’s eve was that It was mighty quiet without rock. Officials had hoped the shutdown for pre-holiday celebrations would he a pilot project to gauge whether the move187 words
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Page 24 Advertisements
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Advertisement6 1989-01-07 24 Nikon TIM World'* Flnott Photographic Sytacn6 words
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Page 24 Miscellaneous
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Miscellaneous36 1989-01-07 24 BOHN LOSER Are to <miim mm to cmz mezceess) \TffX cfkSAIAP. V Sp fmbue w veal) k \5 loktL*' H ■a AIJP A FI LET MlfrJOW, MEP!U/U-PA££. I'M l 3UVIN6. J ru* S 3 h tc/*r36 words
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