The Straits Times : Weekly Overseas Edition, 8 April 1989

Microfilm: NL19561
Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Masthead
    20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, APRIL 8, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/88
    20 words
  • Article, Illustration
    Half-tank Bill passed
    1092 1  -  Approval comes after spirited two-hour debate By LIAK TENG KIAT PARLIAMENT yesterday passed the controversial Customs (Amendment) Bill popularly known as the half-tank Bill after two hours of spirited debate involving two Ministers and 13 MPs. First introduced last month, the Bill makes it an offence for
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  • Article, Illustration
    21 Singapore policemen to join UN peace force in Namibia
    542 1 SINGAPORE is sending a 21-strong police contingent to Namibia as part of a United Nations Peacekeeping Force to oversee the country’s transition to independence. This is the first time Singapore is taking part in a UN peacekeeping mission in response
    542 words
  • Article
    Yes to curbs on Privy Council appeals
    1050 1 PARLIAMENT yesterday passed a Bill to restrict appeals to the Privy Council in London in civil and criminal matters. The Judicial Committee (Amendment) Bill is the third piece of legislation this year that curbs the right of final appeal to the Privy Council
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  • Article
    Govt to privatise PUB electricity, gas
    536 1 THK Government has decided in principle to privatise the electricity and gas operations of the Public I tilities Board. Announcing this yesterday, Trade and Industry Minister Lee Hslen I awing said the new utility company would have greater flexibility in managing its affairs and
    536 words
  • Page 1 Advertisements
    • Advertisement
      Page 1 Advertisements Column 1
      9 1 Dhana on ‘unspoken £ear 9 o£ S’poreans: Back Page
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    • Advertisement
      Page 1 Advertisements Column 2
      62 1 .kmrwm Casfrrto ft*» Peace of mind HOME Jeya seeks President’s pardon PAGE 3 Don't invest in Vietnam yet, firms told PAGE 3 Feedback Unit to send unedited reports to Government PAGE 5 Govt to speed up processing of work permits PAGE 8 CAUSEWAY Mahathir gets emotional home-coming at Subang PAGE
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  • HOME
    • Article, Illustration
      MAS urges credit card issuers to exercise self-restraint in ads
      627 2  -  Battle for customers worries Government By DAMIEN LIM CONCERNED about the expansion of consumer credit generated by the the recent credit card war. the Monetary Authority of Singapore has urged banks and other card issuers to exercise self-restraint in their
      627 words
    • Article, Illustration
      Govt orders saucy mag withdrawn from stalls
      128 2 THE distributor of a new monthly Singapore magazine. packed with saucy pictures and features, has been told to withdraw all copies of the magazine from the market. Official sources in the Ministry of Communications and Information said although the permit to publish has
      128 words
    • Article
      Man in $800,000 cheating plot jailed 15 months
      329 2 A BUSINESSMAN was sentenced to 15 months' jail on Wednesday for conspiring to cheat a Hongkong company of U *****,000 (*****,390). I«ow Ee Suan, 34, pleaded guilty to being part of a conspiracy to cheat Mr James Sean, a manager of Teman
      329 words
    • Article, Illustration
      Cheow Tong says a firm 'no' to superspecialists
      382 2 SUPER-SPECIALISATION in medicine is not for Singapore, which will continue to develop specialists with a broad knowledge in the main areas of their fields. Acting Minister for Health Yeo Cheow Tong said t his when he opened a medical congress at the
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    • Article
      War Memorial Park to get $2.5m facelift
      318 2 A $2.5 million restoration project to give the War Memorial Park a grander profile will kick off the development of the central area of Singapore into a major Civic and Cultural District. The landscaping for the park will be redone to give the
      318 words
    • Article
      Canada to help Malay traders
      176 2 THE Canadian High Commission is helping the Singapore Malay Chamber of Commerce find Muslim business partners in Canada for joint ventures and trade. The chamber requested this assistance and the high commission will get a list of successful Canadian Muslim businessmen for it, High Commissioner
      176 words
    • Article
      ‘Puasa’ month starts
      59 2 MUSLIMS here began the fasting month of Ramadan on Thursday. In announcing the start of the puasa, Mufti Syed Isa Semait, urged Muslims to observe the annual fast, which is a pillar of faith in Islam. He advised Muslims who are not fasting to avoid eating in
      59 words
    • Article, Illustration
      Don’t invest in Vietnam yet, Govt tells firms
      497 3 ‘Wait until Hanoi pulls out its troops from Cambodia’ SINGAPORE companies have been told that they cannot invest in Vietnam until the Vietnamese have withdrawn their troops from Cambodia. The Home Affairs Ministry and Foreign Ministry, in a joint statement on Tuesday,
      497 words
    • Article
      Director who stole $1.4m from firm gets year’s jail
      139 3 A COMPANY director was jailed for one year by a district court this week for criminal breach of trust involving $1.48 million. Goh Chor Guan, 51, faced 11 charges of criminal breach of trust and nine of abetting in falsification of
      139 words
    • Article
      More smokefree flights
      30 3 SINGAPORE Airlines will introduce no-smoking flights to more South-east Asian nations. The smoke-free flights will be extended to Bandar Seri Begawan, Medan and Denpasar from May 1.
      30 words
    • Article, Illustration
      ‘Mr HDB’ is now also ‘Mr PSA’
      267 3 New ‘award’ for Kim San THE chairman of the Port of Singapore Authority, Mr Lim Kim San, was this week “conferred” a new title “Mr PSA” by the Communications and Information Minister for developing Singapore into a "paragon of ports”. Launching PSA's 25th
      267 words
    • Article, Illustration
      Jeya seeks President’s pardon
      366 3 LAWYER J. B. Jeyaretnam has formally petitioned the President for a pardon on his conviction for four criminal offences, thus reversing his preens position that the Government shoutu seek one for him without his "having to beg for it". The Workers’ Party leader said on Tuesday
      366 words
    • Article
      Singapore students in UK may be able to sit for exams here
      476 3 British lecturers’ boycott threat SOME Singapore students affected by the British lecturers’ threat to boycott examinations may he able to sit for their examinations here as a last resort, said a British Council spokesman on Monday. Mr Tom
      476 words
    • Article
      Two Singaporeans get $36,000 gift of sound
      107 3 TWO Singaporeans who are totally deaf will hear sounds. Surgeons have implanted a device, each costing $36,000, in their ears to tickle damaged hearing nerves with impulses created by sounds. The two are a lawyer, 32, who lost her hearing to meningitis about
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    • Article
      Third time unlucky for drunk who used poles as bed
      104 3 TWICE recently, ex-security guard Maremuthu A.vakanoo, 44, risked His life when he lay across four bamboo clothes poles stuck outside his thirdfloor kitchen window to sober up after getting home drunk. Each time, he climbed back safely. Rut a coroner’s
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    • Article, Illustration
      ‘I did not receive inside information from bank officer’
      883 4 Purchase of million Sealion shares was legitimate, he says Allan Ng makes his defence on insider trading charge BUSINESSMAN Allan Ng took the witness stand on Monday at his insider trading trial when the defence was asked to present its case.
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    • Article, Illustration
      I was in a strong position, he says under cross-examination
      630 4 UNDER cross-examination yesterday, Ng said he was bargaining from a position of strength in his negotiations to acquire a large stake in Sealion Hotels in 1986 Explaining this, he said Sealion's adviser bank, Standard Chartered Merchant Bank Asia Ltd (SCMBA),
      630 words
    • Article, Illustration
      Dhana urges: S’poreans: Be more adventurous on holidays
      277 4 SINGAPOREANS need to be more adventurous in the way they spend their leisure and holidays, the Minister for National Development, Mr S. Dhanabalan, said this week. He suggested that their holidays abroad should be more than just sight-seeing and shopping. “Try hanggliding,
      277 words
    • Article
      Eurasian group launches self-help programme
      208 4 SINGAPORE’S Eurasian medical doctors and lawyers have formed a panel to provide free help and advice to needy and aged Eurasians. The programme was announced by the new management committee of the 300-strong Eurasian Association. The committee, elected at the association’s general meeting last week,
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    • Article
      Ng puts up his house for sale
      114 4 BUSINESSMAN Allan Ng is selling his five-bedroom house. A classified advertisement, In The Straits Times on Wednesday, announced the sale of an 11-year-old house at lA, Astrld Hill. The 2‘/z-storey bungalow, bounded by Queen Astrld Park and Bin Tong Park, has an area
      114 words
    • Article, Illustration
      Feedback Unit will send unedited views to Govt
      566 5 New chairman: Not our job to defend policies THE Government Feedback Unit intends to convey, unedited and undiluted, the views of the people back to the authorities. And the unit will lend more than just a listening ear. It will also give
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    • Article
      NUH fertility doctor joins Mt Elizabeth
      236 5 MOUNT Elizabeth Hospital has scored what some doctors say is a “coup" by hiring Dr P. C. Wong, one of the pioneers of the test-tube baby programme in Singapore, from its competitor, the National University Hospital. He has been appointed co-director of Mount Elizabeth
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    • Article
      Former top boxer fighting for his life
      81 5 FORMER world-ranking Singapore lightweight boxer, Ignacio Fernandez, 83, is fighting for his life in Alexandra Hospital. Mr Fernandez, the rage of Madison Square Garden in the 1920’s and 1930’5, was warded recently after he became very ill in the Villa Francis home for
      81 words
    • Article, Illustration
      Australian housewife’s dream ‘shopping spree’ at Metro
      350 5 IT WAS the cheapest and fastest shopping trip Mrs Kathyrn Hearn has ever had. In five minutes at Metro Paragon on Monday, she ran away with 16 items worth $2,383. And they did not cost her a cent. Mrs Hearn, 46, a housewife
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    • Article
      S’pore AI team wins prestigious US award
      485 5 Container ship loading system gets thumbs up UNDER a ship loading system developed for the Port of Singapore Authority and implemented last year, shippers need to bring their containers to the port only eight hours before they are to be loaded as againt
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    • Article
      Mendaki II to be run by professionals: Sidek
      292 5 MENDAKI 11, the proposed new organisation to help raise the position of Malays, will be a business-like, pro-fessionally-run body, Mr Sidek Saniff, the Senior Parliamentary Secretary (Education), said this week. Unlike the existing Mendaki, the council for the education of Muslim children,
      292 words
    • Article, Illustration
      Four policemen cleared of gang rape after three years in prison
      707 6  -  Passages in transcript of proceedings ‘indicate starkly' that trial judge was biased: Appeal Court By CHARMAINE CHAN and SHARON LIM FOUR policemen who were freed last week after winning their appeal against conviction for raping a Thai prostitute, on
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    • Article
      Appeal Court gives some examples of trial judge’s bias
      265 6 THE Court of Criminal Appeal found that the “definite views and findings” of the trial judge, some at an early stage of the trial, Indicated that he had made up his mind before the appellants had fully presented their defence. A
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    • Article, Illustration
      Peter Tham to serve one year less in jail
      387 6 FORMER Pan-Electric Industries director Peter Tham Wing Fai, originally jailed two years for criminal breach of trust, had the sentence reduced on Wednesday to a year after appealing to the High Court. The sentence will be served after the expiry of
      387 words
    • Article
      Starter’s gun explodes
      34 6 SCHOOLTEACHER Rahman bin Sukir, 43, badly injured his left hand index finger when a starter’s gun exploded as he fired it at a school sports meeting at Queensway playing field yesterday.
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    • Article
      Fined $3,000 on charges under Companies Act
      155 6 ON TUESDAY. Tham was fined a total of $3,00« by a magistrate's court after he pleaded guilty to six char ges under the Companies Act. He pleaded guilty to nol holding annual general meetings in 1985 and subsequently failing to lodge the annual
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    • Article
      ‘Quayle to visit S’pore this month’ report
      101 6 WASHINGTON United States Vice-President Dan tjuayle is planning to travel to Australia and South-east Asia late this month, The Washington Post said on Tuesda>. ills stops will Include Indonesia, Singapore and Thailand. ((noting aides to the Vice-President, the paper said that during the
      101 words
    • Article
      Japanese housewife slashed by armed duo
      119 6 A JAPANESE housewife was slashed after she fell for a ruse and admitted two strangers to her home. It all started when Madam Keiko Nakata, 36, told a caller on the telephone that her husband was in hospital and she was alone with her
      119 words
    • Article, Illustration
      Lock icon Orchard Road catwalk
      127 7  -  Dazzling street fashion show launches monthlong shopping festival FRANCESCA NATHAN. ORCHARD Road burst Into vibrant colour and foot-stomping music last Sunday morning as It turned Into a catwalk for Singapore's biggest and most dazzling fashion extravaganza. The street was closed to traffic for two hours until 11.30
      – Pictures by WONG KWAI CHOW.  -  127 words
    • Article
      Reciting pledge in 3 tongues
      84 7 RECITE the national pledge in English, Mandarin and Malay? That is what Anglo-Chinese School plans to put its students through as a constant reminder of the multi-racial character of Singapore. The students will say the pledge in these three languages, and if all goes well,
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    • Article
      Tycoon’s daughter fined $1,000 for placing illegal bets
      225 7 PROPERTY tycoon Ng Teng Fong’s daughter was fined $l,OOO on Wednesday for placing bets with a bookmaker last Saturday. A district court was told that Ng Siok Ying, also known as Sally, 44, was caught by officers from the Gambling Suppression Branch
      225 words
    • Article
      Pay rise for all SAF regulars
      318 7 Performance bonus, too, for superscale officers IN KEEPING with the Government’s pledge to keep salaries in the Singapore Armed Forces in step with but ahead of those in the civil service, the Ministry of Defence has announced pay increases for all SAF regulars. Like
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    • Article
      Man fined $600 for throwing cigarette butt in drain
      168 7 A MAN who threw a cigarette butt into a drain, then assaulted the enforcement officer, has been fined $6OO for littering. Chia Kok Eng, 23, admitted throwing a lighted cigarette butt into a drain near the bus-stop in front of Block
      168 words
    • Article
      Public holidays for 1990
      74 7 The government has announced next year's public holidays in the latest Government Gazette as follows: New Year's Day Monday Jan 1 Chinese New Year Saturday Sunday Jan 27 Jan 28 Good Friday Friday April 13 Harl Raya Puasa Thursday April 2« Labour Day Tuesday May 1
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    • Article
      Government to speed up issue of work permits to help the contractors
      356 8  -  Repatriation of illegal Thai workers hits industry By GERRY DE SILVA THK Government In to help contractor* hit by a labour shortage a* a result of the recent mass repatriation of Illegal Thai workers. In a two-pronged effort,
      356 words
    • Article
      Last 100 of illegal Thai workers leave
      444 8  -  By LEONG CHAN TEIK THE last batch of about 100 illegal Thai workers who registered for repatriation before the March 31 "amnesty” deadline left for home on Thursday in three chartered air-condi-tioned buses. In leaving they escaped punishment under the amended Immigration Act,
      444 words
    • Article
      Test-drive a Honda? Sorry, it’s for sale only
      211 8 SORRY, no test-driving please. This is the response potential buyers have been getting from at least two car companies when they want to test-drive a new car. REASON: New cars are selling like hot cakes and “none are available for test-driving.” So
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    • Article
      S’pore welcomes Aussie move to assign F-18s to defence system
      286 8 SINGAPORE has welcomed Australia's assignment of its 75 Squadron to the Integrated Air Defence System (lADS) as a demonstration of the country’s firm commitment to the Five Power Defence Arrangement (FPDA) and to the security of the region. A Ministry
      286 words
    • Article
      Court 'no' to QC
      28 8 THE High Court has turned down an application to admit Queen’s Counsel Colin Ross-Munro to argue on points of law in a divorce case.
      28 words
    • Article, Illustration
      Good tinting may save $500 mil for MRTC
      347 8  -  By RAV DHALIWAL A SAVING of about $5OO million is expected to be made on the $5-billion Mass Rapid Transit project when it is completed. This estimate, which comes when the bulk of construction work on the system has been completed, was
      347 words
    • Article
      Man throws son from flat, then jumps to death
      199 8 A MAN is believed to have thrown his son from the 10th storey of Block 28, New Upper Changi Road moments before he plunged to his death last Sunday. Mr Lau Ngan I,ong, 35, died instantly. His nine-year-old son, Song Chew,
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    • Article
      AT&T S’pore’s 10-millionth phone
      178 8 THE 10 millionth telephone, made here by American Telephone and Telegraph Consumer Products, rolled off its production line last Friday a mere three years after the company started operations in Singapore. At the ceremony to mark the occasion, AT T announced that the Singapore factory would
      178 words
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  • across the CAUSEWAY
    • Article, Illustration
      Mahathir gets an emotional homecoming at Subang
      174 9 KUALA LUMPUR After three weeks of recuperating overseas from his successful coronary bypass operation, Prime Minister Datuk Seri Dr Mahathir Mohamad returned home on Monday to an emotional welcome at Subang International Airport from several thousand supporters. Almost the entire Cabinet, led by
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    • Article
      Lock icon PM praises King for his guidance in helping nations grow
      283 9 Bernama KUALA LUMPUR Malaysia has experienced rapid progress on various fronts including the economic, social and education sectors under the reign of the present Yang Di-Pertuan Agong, Datuk Seri Dr Mahathir Mohamad said on Wednesuay night. The Prime Minister said
      Bernama  -  283 words
    • Article
      Lock icon 230,000 students disciplined last year
      105 9 NST. KUALA LUMPUR A total of 231,898 secondary school students were disciplined for misbehaviour last year, Deputy Education Minister Dr lieo Michael Toyad told the Dewan Negara on Tuesday. He said 813 of them were expelled while the rest received written warnings and counselling. “They
      NST.  -  105 words
    • Article
      Lock icon Loh death inquiry told: Wife and brotherin-law asked about guns kept in house
      292 9 Loh death inquiry told: Wife and brother-in-law asked about guns kept in house NST. PENANG The wife and brother-in-law of late millionaire lx)h Kah Kheng inquired about firearms kept in the house before his death, the coroner’s court hoard this week. Mr Low Ban Hock, 36, bodyguard to the late
      NST.  -  292 words
    • Article
      Lock icon Sacking of judges 'unfair'
      151 9 Reuter. KUALA LUMPUR The Malaysian government was unfair in sacking the country’s top jurist and two senior judges last year, the International Commission of Jurists said in a statement received here on Wednesday. The Geneva-based body expressed grave concern about the removal of former Lord President
      Reuter.  -  151 words
    • Article, Illustration
      Lock icon Man who takes acid baths for a living
      85 9 FOR Mr Mohamed Radii Ram din, 34, having acid panred aver his body is something he does far a living. In a perform last Sunday for Chief Minister Datuk Abdnl Rahim Thamby Chik and state officials in Malacca, Mr Radii, of Yan,
      NST picture.  -  85 words
    • Article
      Lock icon Hertogh visit: Govt doesn’t know if she wants to stay on
      243 9 Puasa celebrations. Bernama. KUALA LUMPUR The government does not know whether Madam Maria Hertogh. who as a girl was at the centre of a controversy which led to racial riots in Singapore 39 years ago, wishes lo stay permanently
      Puasa celebrations. Bernama.  -  243 words
    • Article
      Lock icon Malaysia pulls out of space programme
      143 9 NST. KUALA LUMPUR Malaysia has decided to withdraw from a proposed joint space programme with the Soviet Union due to financial constraints, the Dewan Negara (Upper House of Parliament) was told last week. The Deputy Minister for Science, Technology and the Environment, Mr Law
      NST.  -  143 words
    • Article
      Lock icon 38 suicide jumps from Penang Bridge
      97 9 NST. KUALA LUMPUR Thir-ty-eight people have committed suicide by jumping from the Penang Bridge since it was opened on Sept 14, 1985, Works Minister Datuk S. Sarny Vellu told the Senate on Monday. Nine attempted suicides were foiled by Malaysian Highway Authority patrols, he
      NST.  -  97 words
    • Article
      Lock icon KL urged: Build second Johor-S’pore link quickly
      256 10 NST JOHOR BARU The Federal government should build the proposed second link between Johor Barn and Singapore quickly, a Johor official has urged. The project was urgent in view of increasing tourist arrivals via the Causeway. "Johor will continue to be the main
      NST  -  256 words
    • Article
      PAS rank and file not happy over tie-up with Umno dissidents
      436 10  -  By ISMAIL KASSIM: Kuala Lumpur OPPOSITION against the proposed pact between Parti Islam (PAS), the Umno dissidents in the Spirit of ‘46 group and two other minor parties became evident at the PAS annual congress last weekend. During the
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    • Article
      Tunku tells ’46 group: Don’t merge with PAS
      321 10  -  said. KALIMILLAH HASSAN. KUALA LtJMPITI Former Prime Minister Tunku Abdul Rahman has cautioned the Spirit of ’46 I'mno dissident group against co-operating with the opposition Parti Islam (PAS). Speaking at a birthday dinner last Sunday hosted for him and another former Prime
      321 words
    • Article
      Gerakan leader Paul Leong to quit politics
      85 10 TAIPING Former Primary Industries Minister and Gerakan leader DatuK Paul I.eong said that he was quitting politics, the Nanyang Siang Pau reported. The paper quoted him as saying that he would not be contesting his parliamentary seat in the next general election. Datuk
      85 words
    • Article
      Lock icon Turtle eggs sale ban
      50 10 Bernama KUCHING The sale of turtle eggs will be banned in Sarawak from July 1, a statement from the National Park and Wildlife Department said. The decision was taken to check the alarming decline in the number of turtles in the state, the statement added. Bernama.
      Bernama  -  50 words
    • Article
      Lock icon Proton Saga selling fast in Britain
      211 10 NST. SHAH ALAM With 1,000 cars snapped up in just two weeks after it was launched on March 16, the Proton Saga has become the fastest selling imported vehicle in Britain. Distributor Proton Cars (UK) Ltd announced this week that all 1,000 units of
      NST.  -  211 words
    • Article, Illustration
      Lock icon By mid-1995, road trip from Penang to S’pore will take only 8 hours
      269 10 Bernama KUALA LUMPUR When the North-South Highway is ready in about six years, motorists may leave Penang after breakfast, have coffee in Kuala Lumpur and reach Singapore in time for lunch. This will become a reality if
      Bernama  -  269 words
    • Article
      Clampdown on club jackpot machines
      161 10 KUAI.A LUMPUR The government will withdraw 70 per cent of the licences issued to slot or jackpot machine operators as they will not be able to meet the requirements of new guidelines, Deputy Finance Minister Poke Yuen Yow said on Thursday. The rest of the
      161 words
    • Article
      Lock icon Foreign Ministry man replaced
      102 10 AFP. KUAI.A LUMPUR The Secretary-General of the Malaysian Foreign Ministry has been replaced in a surprise reshuffle announced last week. Datuk Yusof Hitam, a former envoy to the United Nations, has been named Malaysia's new ambassador to Switzerland. Datuk Yusof recently criticised in public what he
      AFP.  -  102 words
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  • ASEAN
    • Article, Illustration
      Six Singapore-born guerillas still in jungle
      195 11  -  By TAN LIAN CHOO Bangkok Correspondent BANGKOK At least six Singapore-born Individuals are still among die-hard guerillas of the outlawed Communist Party of Malaya (CPM), the Bangkok Post reported this week. The report, quoting a well-informed source, said the six individuals are not Singapore
      195 words
    • Article
      Manila to release rice stocks
      385 11  -  Hoarding pushes up prices By ABBY TAN, Manila Correspondent MANILA The Philippine government has ordered buffer rice stocks to be released as part of a move to clamp down on spiralling prices caused by hoarding. Authorities reported that they had arrested 31 traders in Central
      385 words
    • Article
      Two cabbies held for murder of tourist
      97 11 BANGKOK Police here have arrested two taxi drivers suspected of killing a honeymooning Japanese couple. They were identified on Wednesday as Surachai Meethong, 35, and Pitchit Chalermpark, 30. The two allegedly beat to death Mr Shunsuke Watanabe, 32, a teacher, on March 20.
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    • Article
      Imelda: I’ll preserve body for display if Marcos dies in exile
      285 11  -  ABBY TAN. MANILA Imelda Marcos has said she will embalm and preserve the body of her husband, deposed President Ferdinand Marcos, for display if he dies in exile in Hawaii and is not allowed to return home to the
      285 words
  • Page 11 Advertisements
    • Advertisement
      Page 11 Advertisements Column 1
      742 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' Tlx: MA ***** Fax 03 *****34 U.K.: Mr John Armour/Mr R Ramesh The Straits Times Press (London) Ltd 102-106 Temple Chambers.
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  • COMMENT/ Pick of the week’s editorials
    • Article
      Target needed for compassion
      647 12 APRIL 8, 1988 AMONG the most heartrending images of the poor must bo that of a person unable to pay for medical care and thereby suffering for it. That sort of feeling probably moved several MPs to their feet in Parliament last week to remind the
      647 words
    • Article
      Look but don’t drive
      681 12 APRIL 6. 1989 SINGAPOREANS, it seems, are falling all over themselves to buy cars from some dealers even when they are not allowed to test drive these cars. Well, they are allowed to start the engine and listen to its purr but there are enough buyers
      681 words
    • Article
      Beware holes in the sky
      620 12 APRIL 5. 1989 OZONE? Chlorofluorocarbons(CFCs)? Most Singaporeans asked about the two knew little about them and even less about the threat to planet earth posed by the depletion of the former by the latter. That is not so much surprising as worrying. The loss of
      620 words
    • Article
      T F Hwang takes you down Memory Lane
      557 12 EMPRESS PLACE MENTION Empress Place of the old days and thoughts of many turn almost involuntarily to the government offices there rather than the adjacent Victoria Memorial Hall and Theatre which shares its imperial address. Reason: The offices had on the whole
      557 words
    • Article
      PASSING SHOTS
      193 12 “We have to put in more effort to get Singaporeans out of their comfortable seats, otherwise the slogan 'a more rugged society’ will remain just that.” Minister for National Development Mr S. Dhanabalan on the need for changes in Singaporean s’ attitudes if they are not to become
      193 words
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  • COMMENT/ Perspective
    • Article, Illustration
      Kelantan Mentri Besar in centre of power struggle
      1258 13  -  Tussle has its roots in Razaleigh 1987 bid for Umno presidency Sultan denies he is influenced by anyone By KALIMULLAH HASSAN ot the Foreign Desk KOTA BARU The tenure in office of the Kelantan Mentri Besar, Tan Sri Mohamed Yaakob, has become
      1,258 words
    • Article, Illustration
      1988 – year that kept Bank Negara ‘very busy’
      664 13  - 1988 year that kept Bank Negara ‘very busy’ By TAN BOON KEAN ot the foreign Desk Kuala lumpur 1988 was a hectic year for Malaysia’s Bank Negara. It saw four finance companies and a commercial bank run into trouble, seven debt-ridden co-opera-tives go down with Msl.9 billion (Ssl.3 billion) in
      664 words
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  • TIME$
    • Article, Illustration
      GM to invest $140m more in Singapore over next 10 years
      402 14  -  By S SUBRAMANIAM AMERICAN multinational General Motors plans to invest at least another $l4O million in Singapore over the next ten years, bringing its total investments here to $2BO million. Mr Bill Spelman, managing director of GM Singapore, said
      402 words
    • Article
      Intraco’s profit takes sharp jump
      216 14 EXCELLENT trading conditions helped Intraco Ltd to its best performance, on a turnover up 38 per cent to a record $563.45 million. The trader’s result was in direct contrast with a disastrous 1987, when a fraud took most of its possible earnings in a near-slo-million
      216 words
    • Article
      Jurong Shipyard posts 91% jump in pre-tax earnings to $37m
      556 14  -  By SHARON LAU THE upswing in the marine industry has bolstered profit at Jurong Shipyard Ltd. which reported a 91.7-per rent leap in pretax profit to $37.3 million last year. Apart from the buoyant shiprepair business, which helped turnover surge
      556 words
    • Article
      OCBC succeeds in Aussie takeover bid
      96 14 OVERSEA-CHINESE Banking Corporation’s Asls-mil-lion (5522.95 million) cash bid to buy out the minority shareholders of subsidiary Bank of Singapore (Australia) (BOSA), has attracted acceptances for more than 26 per cent. At the close of the Asl-a--share offer yesterday, the lo- cal banking giant had
      96 words
    • Article
      Operating loss at Promet soars to hefty $39m
      176 14 OPERATING losses attributable to Promet Bhd shareholders last year were well up at a hefty M 555.36 million (553».16 million). Unidentified extraordinary items were hlamed for M 515.56 million of the total losses. Another reason was the MSU.»I million from exchange losses
      176 words
    • Article
      APPROVED ISSUES
      202 14 Company RIGHTS ISSUE 0 C Bunk One lor i»o a, JO /5 per «nor# f> dole March 9 Books clow Morch 23 Acceptance Payment May 5 George town three *or two <(t V 00 p"' «hare {< dote hAo'ch II Books dose Morch 28 Acceplonce Payment Moy 12
      202 words
    • Article
      PROPOSED ISSUES
      364 14 Company RIGHTS ISSUE Aye' Hitom Tin O'* lor o'* d Si 10 pe' shore Bertaya Corpn O'* lor one (p) $1 00 po' pe* sho»# C 1 Holding V million loon stocks m the '0»*0 of $3 loon Slock lO' fvO'v live ordinary shores held Couseway In» Issue
      364 words
    • Article
      Nomura to launch $100m 10-year unit trust on SES
      318 15 THE Nomura group of Japan is launching a $lOO million 10-year unit trust which will be listed on the Stock Exchange of Singapore later this month. Set up under the laws of Jersey, a tax haven and the largest of the
      318 words
    • Article
      Top marks again, too, for our workers
      148 15  -  ANNA TEO. BUSINESS Environment Risk Information (Beri) has onre again given top marks to Singapore workers, ranking them first in its 1989 global labour poll. Singapore has maintained the top position in the American risk firm’s analysis for the past 10 years at
      148 words
    • Article
      S’pore again rated one of top four investment spots
      528 15  -  By ANNA TEO in Business Times SINGAPORE remains among the world’s top four investment spots in the latest business risk report released last week by Washington firm Business Environment Risk Information (Beri). But another Asian new-ly-industrialising economy, Taiwan, has now emerged
      528 words
    • Article
      Lock icon 8pc growth rate forecast
      229 15 around 2 per cent. Business Times. A HONGKONG-BASED financial institution has projected a 1989 growth rate of 8 per cent for Singapore, more optimistic than the to 7 per cent GDP increase expected by the Ministry of Trade and Industry. In their latest research paper. ÜBS
      around 2 per cent. Business Times.  -  229 words
    • Article, Illustration
      Lock icon Trial of ex-Carrian chairman put off for 6 months
      187 15 Reuter. THE TRIAL of former Carrian group chairman George Tan (above) has been adjourned for six months until the result of a co-defendant's fight against extradition from Britain is known. Tan, 55, faces a total of 23 charges of conspiring to
      Reuter.  -  187 words
    • Article
      Hong Leong fails in bid for Apollo Enterprises
      489 15  -  By DAMIEN LIM AFTER a drawn-out battle which lasted more than two months, the saga of the Apollo Enterprises takeover has finally ended with the bidder Hong Leong receiving acceptances for only 112,500 shares. The acceptances, which represent a tiny 0.35 per
      489 words
    • Article
      Lock icon KL’s Bumiputra Stock Exchange to be dissolved
      345 15 Bernama. KUALA LUMPUR The Bumiputra Stock Exchange (BSE) will be dissolved to enable companies listed on it to be placed on the second board of the Kuala Lumpur Stock Exchange (KLSE). The BSE was formed in 1969 by Mara (Council of Trust for
      Bernama.  -  345 words
    • Article
      How your stocks performed
      4808 16 TRANSACTION DATE: APRIL 7. 89 Gr’s 1989 T*l Last Y’ld Vol Day Last Quota High Low Cod* Company Sala orV, 000) High Low Buyar Sallar SECTION ONE INDUSTRIAL COMMERCIAL 162 in 1 1000 Acme 131 i 08 97 131 126 135 140 85 65 1001 Alcom
      4,808 words
    • Article
      Day-to-day ST Indices
      60 17 The day-to-day ST Industrial Indices and the daily turnover for the week: MONDAY: 1,187.27 points (down 2.51); 76.87 m units (value 8117.38 m); TUESDAY: 1,193.25 (up 5.98); 87.46 m units ($135.8m); WEDNESDAY: 1,191.26 (down 1.99); 77.69 m units ($ll8.84m); THURSDAY: 1,192.54 (up 1.28); 86.34 m units (3128.82
      60 words
    • Article
      Commodity prices
      73 17 Rubber Closing prices cents/kilo Singapore May 208 50 down half a cent Malaysia May 300 00 cents up halt a cent Tin Tin Closing prices MS/kilo Kl Tin Turnover 26 29 up 11 cents 111 tonnes up 36 tonnes Palm oil Crude palm oil MJ/ tonne April 905
      73 words
    • Article
      NST Index
      59 17 THE New Straits Times Index rose 6.53 points to 2,184.68 points on the week. MONDAY: 2,686.22 points (up 8.67); 36.36 m units (value M552.67m); TUESDAY: 2,662.12 (up 5.6); 38.31 m units (M576.12m); WEDNESDAY: 2,687.12 (down 5.6); 34.35 m units (M563.446m); THURSDAY: 2,691.69 (up 4.87); 31.4 m units (M355.65m);
      59 words
    • Article
      Hang Seng
      42 17 THE Hongkong Hang Seng Index rose 26.67 points to 3,624.66 on the week. MONDAY: 2,687.21 (down 17.77); turnover HK6669.19 million; TUESDAY: 2,691.66 (up 4.71); HK11.17 billion; WEDNESDAY: Holiday; THURSDAY: 3,615.51 (up 23.55); HKSB6B million; FRIDAY: 3,624.16 (up 8.58); HK5875.86 million.
      42 words
    • Article
      Struggle to keep Index above 1,190 points fails
      322 17 Weekly sharemarket report THE Singapore stock market ended the week generally mixed as it struggled to stay above the ST Industrial Index 1,190 point level after another breakthrough on Tuesday. In the end, pressure from profit-takers pushed the ST Index back to
      322 words
    • Article
      Selected Hongkong stocks
      367 17 April 7 HK! Chanfe Assoc Inti Hotels 3 625 0 05 Bonk Of East Asia 16 00 0 1 Capital Corp susp Cathay Poeitic Air 9 15 -0 1 Cheung Kong 1000 unch Chmo Light 1380 02 City Resources 0 77N Cross Horb Tunnel 15 40 0
      367 words
    • Article
      What the Singapore dollar is worth
      167 17 Singapore dollars to ona unit of foreign currency Foreign Currency Buying OD SeKng US dollar 1.9355 1.9535 Sterling pound 3 2831 3.3346 Australian dollar 1.5341 1.5921 Canadian dollar ***** 1 6437 NZ dollar 1.1659 1.1994 Singapore dollar* to 100 units of foreign currency Austrian
      167 words
    • Article
      UOB proposes onefor-eight bonus on record $172m profit
      702 18  - UOB proposes one-for-eight bonus on record $172m profit By SHARON LAU THE United Overseas Bank group last Friday announced a record net profit of $172.2 million for last year, a 23.5-per cent jump from the previous year. To celebrate, it is recommending a l-for-8 bonus issue of 55.98 million shares,
      702 words
    • Article
      Unit trusts
      285 18 Managers' pricaa for April 8 A 10 Singapore Unit Trust The Commerce 107-1 13 The Slump Fund 0 91 -0 %id S pore Prog Fund 0 41-0 AS S pore Sec Fund 0 69 0 74 S'poie Invest Fund 0 75—0 80 S pore Equity f und 0SI-OSS
      285 words
    • Article
      City records $45m pre-tax gain, but net profit is only 4% higher
      362 18  -  IJM ENG HAL PROPERTY giant City Developments Ltd has turned in a record pre-tax profit of $45.79 million for last year as volume of business almost doubled in the midst of a strong recovery in the property market.
      362 words
    • Article
      Lock icon Company news The week that was
      760 18 Week ended March 31. Compiled by Business Times. Final results Gross Group net Year to Company dividend profit/loss ('000) C C M 22 (20) M$ 16,214 ($16.225g) Dec 88 Guinness 36 (32) M$37,599 ($28,896) Dec 88 Inch Kenneth 86 (70) M$3 407 ($2,850) Dec
      Compiled by Business Times.  -  760 words
    • Article
      First setback in 18 months for S’pore’s exports
      546 19 2% drop follows January’s slowdown in growth SINGAPORE’S total exports fell in February for the first time in 18 months. latest trade figures released by the Trade Development Board on Wednesday showed that export volumes, which had boon surging at exceptionally high
      546 words
    • Article
      Hotel Properties' profit quadrupled to $7.5m
      363 19 HOTEL PROPERTIES Ltd, the owner of Hilton International Singapore, yesterday announced a big jump in profits at all levels but made no mention of a widely-expected rights issue. Group pre-tax profit almost quadrupled to $7.51 million last year from $1.91 million in 1987 although
      363 words
    • Article
      5 new CPF trustee stocks
      201 19 CENTRAL Provident Fund members can now use part of their CPF savings to invest in five more listed companies just included in the list of trustee stocks. The five companies Lum Chang Holdings, Centrepoint Properties, Seaview Hotel, L&M Group Investments and Cold Storage Holdings have
      201 words
    • Article
      Straits Trading posts 38% rise in profits to $38m
      243 19 THE Straits Trading Company Ltd has reported a 38-per rent rise in group after-tax profit to $3B. i million for the year ended last Dee 31. The group, which is part of the Oversea-Chinese Banking Corporation’s stable of companies, posted a
      243 words
    • Article
      UIC to pay $68m for 20% stake in D&C Bank
      445 19 IN A show of optimism in the Malaysian economy, diversified United Industrial Corporation is buying a 20-per cent stake in Development Commercial Bank Bhd (D&C) from Roxy Electric Industries (Malaysia) for M 596.62 million (5568.35 million) cash. With the purchase,
      445 words
    • Article
      Third bonus-issuein-a-row joy for Amcol shareholders
      239 19 Third bonus-issue-in-a-row joy for Amcol shareholders AMCOL Holdings Ltd is proposing a bonus issue for the third consecutive year following record profits. F’or the year ended Dei' 31, the diversified electronics manufacturer scored a new high in group pre-tax profit of $16.4 million, up 12.8 per cent from the previous
      239 words
    • Article
      Ted Bates gets new name next month
      95 19 ONE OF Singapore’s oldest advertising agencies Ted Bates will next month change its name to BSB Singapore. Known as Ted Bates for nearly 25 years, the agency is also planning a revamp to put it among the top five agencies in Singapore, Managing
      95 words
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      92 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 p&per. You may add a pseudonym if you wish. But we would prefe; your using
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      1134 21 APPOINTMENTS MM MM« •MM MM MM• S .UV «IM M« M«0 M* M* The World's leading supplier of Financial Information Services has vacancy for:RAT. INTERNAL AUDIT ASSISTANT (Salary up to $25,400 pa) As the result of a re-organisation within the Finance Department, we have an excellent opportunity for a suitably
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      949 22 APPOINTMENTS XX X X V y*y X* cy ***** ASTEC A BSR COMPANY Top Power Appointment* with the largest switch-mode power supply manufacturer in the world. We have vacancies for the following positions: PRODUCT ENGINEER Possess a Degree Diploma in Electronic/Electrical Engineering with at least 2 years experience in a
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  • TIMESPORT
    • Article, Illustration
      Jita eyes two Yugoslavs for M-Cup squad
      400 23  -  By JOE DORAI YUGOSLAV strikers Boris Lucic and Josko Spanjic top the list of foreign footballers whom Singapore national coach Jita Singh plans to have in his squad for the Malaysia Cup competition starting on July 2. Jita had shortlisted four foreign players
      400 words
    • Article
      Outsider wins S’gor Gold Cup
      98 23 KUALA LUMPUR Smokey Shadow 11, ridden by M.C. Lam, defied the odds to give Agasam Stable its third Sultan of Selangor Gold Cup in Race 5 here last Sunday. Agasam won this weight-for-age 1,600 m classic with Paititi Gold In 1980 and 1982. Smokey Shadow
      98 words
    • Article, Illustration
      Tokijan double helps Jurong keep crown
      362 23 PRESIDENT’S CUP FINAL TWO splendid second-half goals by international D. Tokijan helped Jurong Town FC retain the President’s Cup when they beat Police Sports Association 2-1 in the final at Toa Payoh Stadium last Sunday night. Jurong were trailing 1-0 when Tokijan, the top
      362 words
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      239 23 The Straits Times @3) f niut ovitH» iviim _j Now, keeping in T > 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
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