The Straits Times : Weekly Overseas Edition, 1 April 1989
1989-04-01
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-04-01 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, APRIL 1, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration713 1989-04-01 1 SALIM OSMAN: Jakarta - No need to rush, Chok Tong says after talks with Suharto By SALIM OSMAN: Jakarta SINGAPORE’S First Deputy Prime Minister, Mr Goh Chok Tong, had talks on Thursday with Indonesia’s President Suharto at a 40-minute meeting that was dominated by the subject of713 words
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402 1989-04-01 1 SINGAPORE’S efforts to promote biotechnology received a boost on Thursday with the announcement of a $50-million research project on diseases afflicting elderly people. The research into the diseases of the central nervous system, particularly the brain, is the first of its kind here and402 words
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Article215 1989-04-01 1 LATEST COMPANY NEWS UNITED Overseas Bank, the last of the Big Four Singapore banks to announce their year-end results, is proposing a one-for-eight bonus issue after reporting a 23.5 percent rise in group net profit to a record $172.2 million for 1988. A final dividend of 8215 words
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Article42 1989-04-01 1 PARLIAMENT on Wednesday approved the 1989 Budget after 12 days of debate. Under the main estimates, $1.74 billion was allocated for recurrent spending and another $5.12 billion for development projects. The House has adjourned to next Friday. (See Pages 11-14)42 words
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Page 1 Advertisements
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Advertisement7 1989-04-01 1 Suicide pact girl, 15, dies Page 57 words
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Advertisement78 1989-04-01 1 INSIDE i HOME The Ugly S’porean traveller PAGE 3 PSC reopens list for recruits in Admin Service PAGE 2 PM’s libel case against Sunday Star PAGE 4 $lOO,OOO for ball sets 2 world records PAGE 5 UK exam strike threat worries S’pore students PAGE 6 Parliament PAGES 11-14 CAUSEWAY Kelantan78 words
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Advertisement11 1989-04-01 1 ft ufcgpaaaa* 31bi <UOOI >t «> INI til Memlfership has its privileges'11 words
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HOME
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Article, Illustration770 1989-04-01 2 THE Singapore Government will award incentives to companies expanding across the Causeway as part of its plan to strengthen economic ties with Johor, particularly in the areas of investment promotion and tourism. Announcing this on Wednesday, Trade and Industry Minister BrigadierGeneral (Res) Lee770 words
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Article59 1989-04-01 2 LAW Society executive secretary Patrick Nathan has resigned. Mr Nathan, 40, the first lawyer to become executive secretary of the society, confirmed on Thursday that he had tendered his resignation late last month, but would not elaborate on the reasons for leaving. He was a practising59 words
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260 1989-04-01 2 THE Public Service Commission Is re-openlng Its application list for appointments In the Administrative Service. Last December, the PSC announced that it would not re-open applications for civil service jobs in March, but since then, circumstances have changed. Two weeks ago, the260 words
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Article, Illustration391 1989-04-01 2 K.F. tang - By K.F. tang A GRADUATE from the same institute in California as Singa|>orean Mr Tan Jun-Li, who died of a cocaine overdose there recently, has told The Straits Times about the hazards of drug abuse on the campus.391 words
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141 1989-04-01 2 INFLUENTIAL United States Congressman Stephen Solarz held talks here on Thursday night with Prime Minister Lee Kuan Yew. The chairman of the Asian and Pacific Affairs Sub-committee of the House of Representatives Foreign Affairs Committee arrived her earlier In the evening while on an141 words
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Article, Illustration505 1989-04-01 3 They give Republic a bad name, says STPB chairman THEY rush for food. They rush for seats. They even rush to check in at airports and hotels. And they have a string of complaints everywhere they go. Say hello to the Ugly Singaporean Traveller.505 words
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401 1989-04-01 3 SHOULD work permit-hold-ers be allowed to marry Singaporeaas even if they are unlikely to be granted permanent residence and may eventually be asked to leave? Or should the Government be tough from the beginning to avoid breaking up families401 words
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328 1989-04-01 3 LEARNER-DRIVERS and motorcycle riders who pass their driving test will, in future, have to prove that they deserve a driving licence. They will be put on a year’s probation and will get their licences only if they do not accumulate328 words
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Article194 1989-04-01 3 SINGAPORE Airlines' first Megatop rolled out at Changi airport to music and applause by some 300 people gathered for its inauguration yesterday afternoon. With a ceremonial launch and a I' 2 -hour “Flight to Nowhere”, the airline added the very latest in aircraft technology to194 words
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Article281 1989-04-01 3 THE Urban Redevelopment Authority will be restructured, with Housing Board head Liu Thai Ker at the helm as chief executive officer. His key task at the URA will be to complete the review of the Government’s Concept Plan for Singapore’s long-term land use and281 words
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896 1989-04-01 4 AHMAD OSMAN - Prime Minister Lee’s libel suit against Star Publications By AHMAD OSMAN KUALA LUMPUR Prime Minister Lee Kuan Yew, who is suing The Sunday Star for libel, is not asking a Malaysian judge to endorse the way he rules Singapore,896 words
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452 1989-04-01 4 evant in court. — AHMAD OSMAN - evant in court. AHMAD OSMAN. IS Mr Lee Kuan Yew expected to testify at a court hearing in Kuala Lumpur without having the slightest clue as to what the defendants in his libel suit are up to? Is this the reason why452 words
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478 1989-04-01 4 A NEW Bill before Parliament proposes more restrictions on appeals to the Privy Council in London. This follows legislation in January which abolished appeals to the Judicial Committee of the Privy Council, which is the full and proper name of478 words
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426 1989-04-01 4 Do grandchildren include great-grandchildren? A 19TH CENTURY deed which determines how properties worth millions of dollars are to be distributed among members of a prominent family was the focus of attention of a High Court judge this week. The great-grandchildren426 words
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Article63 1989-04-01 4 BUTCHER Ng Siang Hau, 30, who admitted bringing six Thai women to Singapore to work as prostitutes was jailed for two days and fined $12,000 by a district court this week. Ng went to Bangkok with a Thai man on Oct 4, 1988 where he met63 words
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Article39 1989-04-01 4 SINGAPORE’S longestserving fireman, Mr Arthur Lim Beng Lock, retired this week as head of the Fire Service. His successor is Mr Tan Jin Thong, who was Deputy Director (Operations/Training). Mr Lim joined the service in 1950.39 words
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Article, Illustration350 1989-04-01 5 THE Ball With a Cause has met its $lOO,OOO target. Thanks to City Developments, property and hotel arm of the finance and housing giant Hong I>eong Group, the soccer ball now qualifies for two world records: HIGHEST price for a football, and350 words
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Article, Illustration392 1989-04-01 5 Boyfriend, 14, found cuddling her broken body A 15-YEAR-OLD girl died in a high-rise plunge after she and her boyfriend, 14. apparently made a suicide pact. The boy is believed to have changed his mind. Jamie Leong Wan Cheng fell from the392 words
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78 1989-04-01 5 LOVE means a bouquet of 999 roses, as one paramour sees it. According to florist Patricia Soon, who took the order, the man said he wanted to do something crazy for his girlfriend. “We suggested he send her silk roses as they last78 words
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Article41 1989-04-01 5 THE South Korean ambassador, Mr Kim Sai Taick, presented his credentials to President Wee Kim Wee at the Istana on Monday. Mr Kim succeeds Mr Lee Chang Choon, who completed his tour of duty on March 4.41 words
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Article115 1989-04-01 5 HOTELS, shopping centres, offices and homes in the Orchard Road tourist belt and nearby areas were hit by a breakdown in telephone services last Monday some for almost the whole day. Facsimile machines, which are linked to tele- phone lines, were similarly affected in some115 words
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Article, Illustration404 1989-04-01 5 SANDRA DAVIE - SANDRA DAVIE. ONE of Singapore’s best known authors, Dr Catherine Lim. has written a book for Singaporeans to laugh at themselves and raise a few eyebrows, too. O Singapore! Stories in Celebration is likely to be launched next month by Times404 words
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119 1989-04-01 5 Lianhe Wanbao - Lianhe Wanbao. A SINGAPOREAN man, described as the mastermind of a drug smuggling ring, has been arrested in Perth, Australia. Police said Liao Yading was nabbed while trying to catch a bus out of Perth. The arrest on Saturday ended a widespread manhunt.119 words
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Article, Illustration483 1989-04-01 6 Bangkok sends navy ships and train to help in repatriation ALL illegal Thai workers who registed at their embassy yesterday the original deadline for them to leave will have to be repatriated within two weeks. Diplomatic sources told The483 words
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218 1989-04-01 6 AS MANY as 500 Thai women working illegally as housemaids could have missed the March 31 deadline to leave Singapore and hence be punished under the new penalties for those who overstay or enter the country illegally, although they are not subject to mandatory218 words
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165 1989-04-01 6 A CRACKDOWN on the people behind the illegal smuggling of Thais into Singapore is expected soon, following the identification of at least 10 local agents. Sources said the identities of these unscrupulous "middlemen" were established after interviews with thousands of Thai workers who165 words
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701 1989-04-01 6 ALAN HUBBARD - UK exam boycott threat By ALAN HUBBARD, Europe Editor DESPITE calls by British Prime Minister Margaret Thatcher for university managers to "deal firmly" with militant lecturers, and promises by universities that degrees will still be awarded, thousands of students in Britain701 words
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511 1989-04-01 7 TAN LIAN CHOO - Singapore and Moscow agree to exchange ministerial visits By TAN LIAN CHOO, Bangkok Correspondent BANGKOK Singapore and the Soviet Union have agreed to a high-level exchange of ministerial visits beginning with the visit of Soviet Prime Minister Nikolai Ryzhkov to Singapore in May.511 words
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263 1989-04-01 7 SINGAPORE and Malaysia have agreed on the price and annual premium Singapore will pay for Malaysian natural gas, Trade and Industry Minister Lee Hsien Loong disclosed in Parliament on Tueday. Replying to Dr Koh Lam Son (Telok Blangah) who had asked for263 words
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Article50 1989-04-01 7 KIDNEY patients will soon be allowed to use their Medisave to pay for the cost of dialysis. Acting Health Minister Yeo Cheow Tong told Parliament this week that patients will be able to withdraw up to $4OO a month from their own Medisave accounts for the treatment.50 words
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113 1989-04-01 7 THE pre-Badget rash to bay ears last month led te a ear growth rate of 8J per cent the highest la mere than five nasss This U per eeat Is an annualised rate. A total at 3,3 M new ears were registered la113 words
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Page 7 Advertisements
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Advertisement746 1989-04-01 7 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' Tlx: MA ***** Fax 03 *****34 U.K.: Mr John Armour/Mr R Ramesh The Straits Times Press (London) Ltd 102-106 Temple Chambers,746 words
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across the CAUSEWAY
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Article, Illustration349 1989-04-01 8 KALIMULLAH HASSAN - Sultan’s honours list highlights widening rift with Umno By KALIMULLAH HASSAN: Kota Baru nant partner in the Front coalition, observers said. Tan Sri Othman, who had his “Datnk” title removed by the Sultan of Johor in 1982, Is a confidante of former Trade and349 words
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116 1989-04-01 8 Bernama KLANG Men found dressing or behaving like women in public places in Selangor will be prosecuted under amendments to the state laws. Selangor mufti (religious leader) Ishak Baharom said the draft amendments would be submitted to the state Executive Council beforeBernama - 116 words
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Article, Illustration333 1989-04-01 8 Reuter. KUALA LUMPUR A New Zealand mother and son. sentenced to death and life imprisonment respectively for drug trafficking in Malaysia, have won a preliminary hearing ahead of their appeal. “Now we stand a better chance in our appealReuter. - 333 words
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Article174 1989-04-01 8 NST. KUALA LUMPUR Proposals to relax the rules on travel between Malaysia and China will be submitted to the Cabinet soon, Transport Minister Datuk Dr Ling Liong Sik said. He said the Foreign Affairs, Home Affairs and Transport ministries had been deliberating on the matter– NST. - 174 words
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Article, Illustration244 1989-04-01 8 caa jaucu i NST, AP. KUALA LUMPUR-The former president of the Malaysian Chinese Association, Mr Tan Koon Swan, last week married his long-time companion Penny Chang It was meant to be a quiet ceremony, but the couple did not countcaa jaucu i NST, AP. - 244 words
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200 1989-04-01 8 AP, AFP. STOCKHOLM Swedish police have speculated that a Malaysian man murdered in Stockholm last week was mistaken for a Pakistani poet planning to translate The Satanic Verses into Urdu. The dead man, Mr C. Rajendran, 36, was knifed fromAP, AFP. - 200 words
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210 1989-04-01 8 KUALA LUMPUR The Malaysian Chinese Association will nominate Deputy Trade and Industry Minister Datuk Kok Wee Kiat for the post of health minister, the Sin Chew Jit Poh has reported. The post fell vacant after the death of Tan Sri (then Datuk)210 words
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Article69 1989-04-01 8 NST. KUALA LUMPUR A man’s “last stop” at the Genting Highlands casino turned Into a major windfall he won Msl.lB million (*****,1 M), the biggest jackpot payout by the casino. Genting Highlands public relations manager Hamzah Meranun said the man from Seramban arrived early on Sunday. Before leavingNST. - 69 words
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CAUSEWAY/ASEAN
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Article, Illustration708 1989-04-01 9 Ismail Kassim - Lifetime pension after only three years’ service in any legislature Our correspondent’s file Ismail Kassim KUALA LUMPUR THE “fat pensions" and gratuities received by former political office holders were highlighted two months ago by Information Minister Datuk Mohamed Rahmat during the708 words
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131 1989-04-01 9 KUALA LUMPUR Former Universiti Technology Malaysia lecturer Fadzil Noor has been returned unopposed as the new leader of the opposition Parti Islam on the eve of its annual congress, which began yesterday. This follows the decision of Mr Abdul Hadi Awang, the fiery and131 words
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482 1989-04-01 9 KALIMI 1.1. AH HASSAN - BACHOK (Kelantan) KALIMI 1.1. AH HASSAN. FORMER Trade and Industry Minister Tengku Razaleigh Hamzah vowed on Wednesday not to Join New Umno one day before an offer of automatic membership to him and members of the old llmno expires. Instead, his dissident482 words
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Article, Illustration478 1989-04-01 9 UPI MANILA English is being demoted in the Philippines and the nation’s premier university is introducing Filipino, a language derived mainly from Tagalog. as the language of instruction. The shift in gears at the government-run University of The Philippines isUPI - 478 words
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143 1989-04-01 9 UPI BANGKOK A West German tourist was trampled to death last week by an angry elephant in northern Thailand. Mrs Helga Torbirt, 49, of Mainz, West Germany, died last Tuesday. The incident occurred in Chiangdao district about 128 km from Chiangmai. Mrs Torbirt andUPI - 143 words
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COMMENT/ Pick of the week’s editorials
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Article651 1989-04-01 10 APRIL 1, 1988 THE tax incentives to be granted to companies in Singapore which have plans to re-lo-cate part of their future operations in Johor, which was announced by the Trade and Industry Minister on Thursday, must be one of the most unusual in the world. It demonstrates651 words
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Article615 1989-04-01 10 MARCH 31, 1989 A POSSIBLE rift between Singapore and Thailand. two partners in Asean, has been avoided. It was over the Government’s decision to repatriate Thais found working illegally here. Credit must go to two Thai ministers Foreign Minister Air Chief Marshal Siddhi Savetsila and Deputy Interior615 words
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Article629 1989-04-01 10 MARCH 30, 1989 ENTRUSTING the care of one’s children to foreign maids may not be the ideal way of raising children, but it is one solution which many families have opted for. Foreign maids make it possible for women, who might otherwise be tied down629 words
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563 1989-04-01 10 THE SH.VER STATE PERAK, the Silver State of Malaysia, swings back to my mind today. On March 11, I wrote in this column under the heading Northward Ho! about Perak and its connection with Singapore during a later phase of the Japanese563 words
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Article167 1989-04-01 10 “One of the first-year university students, in solving a problem through calculations, wrote a note in his calculation saying that the figure didn't have a negative sign because the tutorial model answer says so. What has produced such students? The education system.” Dr John Chen, MP for Hong167 words
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PARLIAMENT
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Debate on Budget 89 allocations to ministries
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Article, Illustration579 1989-04-01 11 FROM July, Central Provident Fund members will be able to use their savings to pay for their own or their children’s tertiary education but only at local institutions. This was announced on Monday by Labour Minister Yock Suan in reply to a579 words
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564 1989-04-01 11 It will be calculated from the date funds are withdrawn and an administrative fee would also be charged. The borrower will be given up to 10 years to repay the loan plus interest. Repayment is to begin one year564 words
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Article, Illustration545 1989-04-01 11 DEBATE ON THE HOME AFFAIRS BUDGET ALLOCATION REPORTS ON PARLIAMENTARY PROCEEDINGS MARCH 27-29 THE death penalty is being considered for people who traffick in cannabis, a drug regarded as a gateway to heroin addiction, particularly among Malay addicts here. The Government may amend the545 words
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342 1989-04-01 11 KOH BUCK SONG; TAN TARN HOW; HAN FOOK KWANG; MIKE YEONG; BERTHA; HENSON; ZURAIDAH IBRAHIM; GERRY DE SILVA; LEONG WENG KAM; and DAMIEN LIM - REPORTS BY KOH BUCK SONG, TAN TARN HOW, HAN FOOK KWANG, MIKE YEONG, BERTHA HENSON, ZURAIDAH IBRAHIM, GERRY DE SILVA, LEONG WENG KAM and DAMIEN LIM. THE Government will consider liberalising further its issue of work and visit passes for foreigners subject to342 words
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543 1989-04-01 12 ALLOCATION FOR LAW MINISTRY THE Companies Art is being reviewed to ensure that directors of companies facing winding-up proceedings do not get away scot-free if they had engaged in wrongful trading. Law Minister S. Jayakumar disclosed on Monday. Wrongful trading occurs when543 words
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103 1989-04-01 12 LONG-TIME political detainer C’hla Thye Poh Is not being held “In some cold, dark cell, but lives in a bungalow, with colour TV, newspapers and ample area to tend to vegetables,” Home Affairs Minister Prof S Jayakumar told the House. “Perhaps he doesn’t103 words
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Article, Illustration927 1989-04-01 12 But my ministry is already being liberal, says Labour Minister Lee Yock Suan IDPM gives his personal view on foreign maids LABOUR MINISTRY ALLOCATION THE Government can afford to be more liberal in granting work permits for foreign maids,927 words
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527 1989-04-01 12 THE question of employers recruiting or dismissing a worker because of his political affiliations cropped-up unexpectedly and became the subject of a prolonged exchange between two ministers and Opposition MP Chlam See Tong. It started after labour Minister Lee York527 words
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Article, Illustration824 1989-04-01 13 Allocation for Health Ministry MEDICAL services will remain within the reach of all Singaporeans, including the poor, when Government hospitals are restructured, Acting Health Minister Yeo Cheow Tong said on Wednesday. He gave this assurance in addressing a major824 words
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228 1989-04-01 13 FINANCE Minister Richard Hu on Wednesday turned down a request from Non-Constituency MP Lee Siew Choh that allowances for pensioners be reviewed. Dr I>ee cited the higher cost of living and salary revisions which had been granted to civil servants as justification for228 words
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135 1989-04-01 13 HOSPITAL hills are no trouble to most Singaporeans, with or without Medisave, according to Mr Yeo Cheow Tong. The average bill for a C-class patient, he said, came to $293 for a five-day stay. For a worker earning $799 a month, this worked135 words
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256 1989-04-01 13 CONTRARY to what some members of the public may think, patients in C Class wards get as much attention from consultants and specialists as those in the higher class wards. This point was made by the Acting Health Minister, Mi' Yeo Cheow Tong256 words
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Article, Illustration880 1989-04-01 14 THE right political leadership, with top-quality ministers, is critical for a developing country like Singapore, Prime Minister Ix'e Kuan Yew told Parliament last week. A good civil service was essential, but even the best of administrations would not be able880 words
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645 1989-04-01 14 THERE is no running away from the fact that the price for talent is set by the market, Prime Minister Lee Kuan Yew told Parliament last week. That held true for toprate civil servants and political leaders, just as in the world645 words
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325 1989-04-01 14 IF HIS ministers were only as good as their permanent secretaries, Prime Minister Lee Kuan Yew would be a worried man. It is much easier being a permanent secretary than a minister, he said. The permanent secretary must present his recommendations, and325 words
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Article237 1989-04-01 14 TALENT-SPOTTING potential politicians calls for tough persuasive powers, because of the sacrifices involved: kas of privacy, family time, and, far some, it has meant less pay too First Deputy Prime Minster Goh Chok Tong told the House an Thursday how hard it was to237 words
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TIME$
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Article, Illustration597 1989-04-01 15 MATHEW PEREIRA - Investors interested in overseas stocks the targets of tricksters By MATHEW PEREIRA A GLOBAL financial con scheme has hit Singapore, with those interested in investment in overseas stocks being the targets of smooth-talking tricksters. The scam starts with the receipt of some unsolicited mail597 words
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341 1989-04-01 15 SHARON LAU - By SHARON LAU PROFITS at Singapore Bus Service (1978) Ltd jumped 34.7 per cent to $49 7 million last year despite competition from the Mass Rapid Transit (MRT) system and a tiny 1.6 per cent increase in turnover. Its much smaller rival,341 words
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327 1989-04-01 15 ceeded $800 million. — DAMIEN LIM - ceeded $800 million. DAMIEN LIM. HONG LEONG Finance (HLF) and its subsidiary, Singapore Finance, have announced their best results in four years, together with bonus issues and higher dividends to cap off the improved performances. HLF, which saw its pretax profit327 words
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Article86 1989-04-01 15 THE PRESIDENT Hotel In Kitchener Road was sold at an auction for $65 million to listed property group United Overseas Land last week. The auction, organised by Richard Ellis and held at the Hyatt Regency hotel, attracted only one other bidder although at least two86 words
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Article, Illustration336 1989-04-01 15 R. RAJENDRAN - R. RAJENDRAN. BUOYANT world trade and increased freight charges have provided Neptune Orient Lines its best-ever annual results with pre-tax profit more than doubling to $52 million for the year just ended. At the bottom-line, profit attributable to shareholders increased by 106.7 per cent336 words
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140 1989-04-01 15 TRADING group Bousteadco Singapore is rewarding shareholders with a proposed l-for-10 bonus issue and a doubling of its profit. Group after-tax gain rose 101 per cent to $4.23 million for the year ended last December. Turnover increased for the first time in five years140 words
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Article71 1989-04-01 15 GOODWOOD Park Hotel Ltd yesterday said it had rejected an offer of $l.l billion for the group's four hotels. In a letter to the Stock Exchange of Singapore, chairman Tan Sri Khoo Teck Puat said: "In the opinion of the board, the figure of $l.l billion,71 words
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Article4739 1989-04-01 16 TRANSACTION DATE: MAR 31 89 Gr's 1988/89 T*l Last Y’ld Vol Day Last Quota High Low Cod* Company Sal* orV. (’000) High Low Buyer Sailer SECTION ONE INDUSTRIAL COMMERCIAL I 16? 95 t 1000 Acma 147 -2 0 7 156 149 146 146 147 86 424,739 words
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Article56 1989-04-01 17 The day-to-day ST Industrial Indices and the daily turnover for the week: MONDAY: 1,183.9« points (up 3.17); 1«5.8m units (value $115.2m); TUESDAY: 1,188.56 (up 4.60); 116.5 m units ($137.1m); WEDNESDAY: 1,194.63 (up 6.13); 94.6 m units ($141.8m); THURSDAY: 1,190.80 (down 3.83); 82.7 m units ($134.7m); FRIDAY: 1,189.7956 words
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Article83 1989-04-01 17 Rubber Closing prices cents/kilo Singapore 204 50 April up 1 50 cents Malaysia 297 00 April up half a cent Tin Closing prices M$/kilo Kl Tin 25 23 up 21 cents Turnover 173 tonnes up 36 tonnes Palm oil Crude MS/tonne palm oil April 912 50 (south) 91083 words
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Article41 1989-04-01 17 THE Hongkong Hang Seng Index dropped 44.64 points to 3,164.98 on the week. MONDAY: Holiday. TUESDAY: 3,633.63 (down 16.56); HK5915.39 million; WEDNESDAY: 3,632.98 down 6.65); Hk5877.61 million; THURSDAY: 2,986.76 (down 52.22; HK$l.67 billion; FRIDAY: 3,664.98 (up 24.22); HKSI.I billion.41 words
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Article59 1989-04-01 17 THE New Straits Times Index rose 44.88 points to 2,678.15 points on the week. MONDAY: 2,653.61 points (np 19.74); 33.26 m units (value M542.78m); TUESDAY: 2,664.81 (up 11.8); 36.98 m units (M549.69m); WEDNESDAY: 2,675.32 (np 16.51); 29.16 m units (Ms47.sim); THURSDAY: 2,686.67 (op 4.75); 36.39 m units (M552.78m);59 words
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327 1989-04-01 17 Weekly sharemarket report THE Straits Times Industrial Index broke through the 1,190-points barrier on Wednesday to hit a new post-crash high of 1,194.63 points, but profit-taking in the next two days pushed the index back to 1,189.78 at the close of business yesterday. Nonetheless,327 words
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Article365 1989-04-01 17 Mar 31 HK1 Change HK Reolty Hk Telecom 5 75 5 20 unch *0 10 Paul Y Promet 1 54 0 113 0 02 0 003 Assoc Inti Hotel» Bonk Of Eo»t Asio Copitol Corp Cofhoy Pocific Air Cheung Kong Chino Light City Resource» Cross Horb Tunnel365 words
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184 1989-04-01 17 Counter rates Singapore dollars to ona unit of foreign currency Foreign Currency Buying 00 Selling US dollar ***** 1 9680 Sterling pound 3.2796 3 3328 Australian dollar 1 5840 1 6236 Canadian dollar 1 6283 ***** NZ dollar 1 1877 1 2221 Singapore dollars184 words
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462 1989-04-01 18 SHARON LAU - By SHARON LAU THE Oversea-Chinese Banking Corporation group enjoyed a bumper year last year, reporting another record profit of $165 million, marking a 26-per cent growth in net profit its best since 1981. The results, announced on Wednesday, surpassed the net profit range462 words
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Article277 1989-04-01 18 Managers' pricaa for April 1 3 Singapore Unit Trust Tit* Commucf 1 07 —I 13 Th* Sivmgs Fund 091 o%>d Spore Prog fund 041 -0 45 Spore S*c fund 054-0 34 S pore Ineest Fund 035 080 Spore fquit* Fund 0M OSS Asia Unit Trust Mel Invest fund277 words
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423 1989-04-01 18 selling out. — LEE HAN SHTH In Budnem Times - selling out. LEE HAN SHTH In Budnem Times. la Baslae— Times. OVERSKA-CHINESE Banking Corporation (OCBC) could have made an additional profit of around HK$25O million if it had not sold its Wing On (Holdings) stake a fortnight ago. OCBC sold itsla Baslae— Times. - 423 words
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203 1989-04-01 18 DAMIEN UM - DAMIEN UM. A BUOYANT steel market aad Improved performance! la all bat eae ef Its bostaeas divisions have helped NaUsual Iron aad Bteef Mills to peat Ita beat reealte la mere thaa five years. The listed steel maker aaar Ms pre-tax203 words
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Article553 1989-04-01 18 Week ended March 23. Compiled by Business Times. Final results Gross Group net Year to Company dividend profit/loss ('000) Carlsberg 25 (18.8a) M$15,267 ($10.660d) Dec 88 MBS 21 (21) MJ20.972 ($16,854) Dec 88 M T C 34 6 (43.6) M$30.848 ($44.292e) Dec 88 PreliminaryCompiled by Business Times. - 553 words
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291 1989-04-01 18 TRADING group Haw Par Brothers International made less money last year despite a 50-per cent jump in sales. But it could still report a 43-per cent growth in net profit to $36.79 million because of a $16.3-million extraordinary gain. Over half the291 words
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415 1989-04-01 19 DAMIEN LIM - s6om gain from sale of entire stake in UE Malaysia By DAMIEN LIM AFTER years of heavy losses. United Engineers has posted its first profit since 19H3. For the year ended last Dec 31, the engineering group recorded a spectacular profit of $74.68415 words
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478 1989-04-01 19 LIM ENG HAI - By LIM ENG HAI FOUR years of ever-in-creasing profits at proper-ty-based Parkway Holdings Ltd were capped with a big bang last year and the good times are still rolling. The listed group, which owns Parkway Parade in Marine Parade and Gleneagles Hospital in478 words
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153 1989-04-01 19 BOOMING car sales on both sides of the Causeway have powered Tan Chong Motor Holdings Bhd to vastly improved results after two years in the red. Tan Chong, which holds the franchise for the Nissan range of vehicles in both153 words
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Article312 1989-04-01 19 BY STEPPING up property trading and through the renewal of a large number of shop leases at higher rates, DBS Land has achieved creditable growth in earnings for last year. In its first full year as a public-listed property group, DBS Land’s pre-tax profit312 words
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488 1989-04-01 19 TAN BOON KEAN - By TAN BOON KEAN: Kuala Lumpur THERE is no deliberate policy on the part of Bank Negara Malaysia to weaken the ringgit, central bank governor Tan Sri Jaffar Hussein reiterated this week at a press conference while releasing the bank's annual488 words
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Article132 1989-04-01 19 Company RIGHTS ISSUE D C Bank On® lot two (ft $0 75 per sho f e f* do»® March 9 Books dose March 23 Acceptance Poymen* May George Town Thiee *0' i*o (ft’ $1 00 p*' shore E» do'* March 13 Books dose March ?8 Acceptance Poyment Mo»132 words
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Article355 1989-04-01 19 Company RIGHTS ISSUE Ay«r Hitom Tin One tor one i 10 pe' shore Betiayo Corpn One lo> one $1 00 po' per snore C 1 Holdings 27 million loan s'ocks m me rotio ot $3 loan Slock lor every live ordinary shores held Causeway Inv Issue ol $7,252355 words
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FORUM
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693 1989-04-01 20 I AM impelled by a need, both personal and public, to respond to the current debate about religion and cultural identity. My family's Christianity can be traced back to centuries of the religion in South693 words
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285 1989-04-01 20 I REFER to Dr Siew Choh’s comment in the Budget debate that national service should not be allowed to affect those who intended to further their studies ("Siew Choh accepts principle of NS” ST, March 16). I believe that tertiary education285 words
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318 1989-04-01 20 I TAKE it that Mr Yatiman Yusof was genuinely seeking enlightenment when in Parliament he expressed curiosity whether those Singaporeans who unsuccessfully campaigned for the lifting of the ban on The Last Temptation would now, as a matter of318 words
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Advertisement235 1989-04-01 20 1 The Straits Times mu wtlftlt OVtUMft* tOWtOK 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,235 words
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Advertisement96 1989-04-01 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 You may add a pseudonym if you wish. But we would prefe;96 words
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Advertisement677 1989-04-01 21 IMe J I KAII J lIMt J WCCM- T UVCKjCAj CLM I lUn, ArKIL. I, iTO-y MVJC L APPOINTMENTS YOUR CAREER OPPORTUNITY WITH THE REGION’S LARGEST SMT OPERATION. (S? Seagate PRODUCTION CONTROL MANAGER The appointee will manage a team of planners, inventory analysts and expeditors, be responsible for production control677 words
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Advertisement875 1989-04-01 22 FUJITSU The global computer communciations company. Fujitsu (Singapore) Pte Ltd Wc are an overseas subsidiary company of FUJITSU LIMITED, the largest computer manufacturer in Japan and a leading telecommunications equipment manufacturer in the world. Singapore's sophisticated IT infrastructure encourages FUJITSU to establish the communications software R D centre in the875 words
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TIMESPORT
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Article, Illustration768 1989-04-01 23 Mahmood Gaznavi - CRICKET by Mahmood Gaznavi SINGAPORE’S Invitation XI, with Malaysian guest Banerji Nair bowling admirably, held the Worcestershire County cricket team from England to a draw in an unlimited-overs friendly match at the Padang on Tuesday. At stumps, the hosts were 147-5 in reply to Worcestershire’s total768 words
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214 1989-04-01 23 A NEW knockout tournament in the style of the English Football Association Cup will be introduced next year to prolong the interest in the Malaysia Cup, The New Paper reports. The tournament will involve all 17 teams nine from the First214 words
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287 1989-04-01 23 TWO major international soccer competitions scheduled for this year have been scrapped. Singapore will not host the Lion City Under-16 tournament because of a change in dates of the Malaysian school holidays. The Merlion Cup has been cancelled because the national squad have287 words
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219 1989-04-01 23 CONGRATULATIONS Geylang International! Any team who can beat their two closest rivals in the space of four days deserve to win the Premier League title Saturday it was Jurong Town who caved in under Geylang’s might, losing 2-0. On Wednesday night it was Balestier United219 words
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Article408 1989-04-01 23 ‘Find one top young footballer each year’ SOCCER FIRST Deputy Prime Minister Goh Chok Tong, who is also Minister for Defence, has suggested that the Football Association of Singapore set up a scheme to find one top young footballer each year. The plan, to408 words
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81 1989-04-01 23 FORMER West German World Cap goalkeeper Dieter Rurdenski will play (or Penang In this year’s semi-pro Malaysia Cnp soccer tournament, Bernama reports. Bnrdenskl, 35, will receive MS2M,MI ($141, M1) to play (or a season. The Football Association o( Penang have agreed to81 words
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Article, Illustration650 1989-04-01 24 TAN LIAN CHOO - Chatichai wants ThaiSingapore talks on illegal workers issue Newspaper reports said he was angered by tough action By TAN LIAN CHOO, Bangkok Correspondent BANGKOK Thai Primp Minister Chatirhai Choonhavan has railed for Thailand and Singapore to enter into formal talks to draw up a package of specific measures aimed at— Shin Min Dally News picture. - 650 words
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424 1989-04-01 24 THK strong ties between Singapore and Thailand will not he weakened by the current repatriation of more than lI, MI illegal Thai workers, said Thai Deputy Interior Minister, Mr Wattana Assawahem, on Thursday. He gave this assurance while speaking to The Straits Times during424 words
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282 1989-04-01 24 SALIM OSMAN - SALIM OSMAN. JAKARTA Mr Goh Chok Tong said after his meeting with President Suharto that Singapore and Indonesia had reaffirmed their commitment to a stronger Asean. He told a press conference that President Suharto had emphasised his deep commitment to Asean and282 words
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Advertisement7 1989-04-01 24 Nikon Tha World' t Fimaat Photographic Syttam7 words
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