The Straits Times : Weekly Overseas Edition, 27 May 1989
1989-05-27
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-05-27 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, MAY 27, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 42/8/8820 words
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Article, Illustration653 1989-05-27 1 GERRY DE SILVA - CAD says he gained from Peter Tham’s illegal deals By GERRY DE SILVA MALAYSIAN tycoon Khoo Kay Pong, who sprang a surprise by paying $36 million to settle a suit against Peter Tham, the former director of Pan-Electric Industries, was discovered to653 words
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Article, Illustration629 1989-05-27 1 DISTRICT Judge Sarjit Singh on Monday issued a warrant of arrest for lawyer Francis Seow, saying it was obvious that he had deliberately kept away from his tax evasion trial since December. Calling it "a most unusual case”, the judge said he was satisfied that629 words
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Article, Illustration232 1989-05-27 1 NST, AP. KUALA LUMPUR Former Malaysian Chinese Association president Tan Koon Swan, who was declared a bankrupt in June last year, will need more than 35,06« years to pay off a judgment debt of MJ423,860,878.52 (*****.1 million). He wasNST,; AP. - 232 words
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Page 1 Advertisements
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Advertisement56 1989-05-27 1 Seow fooled even his own lawyers Page 2 ‘Super-Mokh dying’ report PAGE 23 HOME Singaporeans’ pay doubles in a decade PAGE 3 Cadet officer fatally shot in live-firing exercise PAGE 5 More S’poreans signing prenuptial pacts PAGE 13 CAUSEWAY Tug-of-love girl returned to parents by royal order PAGES 14 1«56 words
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Advertisement13 1989-05-27 1 !9n notn n 3%2 I J"» fc&a. >Vt Mf Membership has its privileges.13 words
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HOME
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The Francis Seow tax evasion case
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Article, Illustration1114 1989-05-27 2 Extracts of letters by his counsel read out in court LAWYER Francis Seow deceived not only the Singapore court, but also his counsel here and in London, Deputy Public Prosecutor Lawrence Ang said on Monday. He said this was1,114 words
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Article530 1989-05-27 2 QC to Dube, Jan 11: “I agree entirely with the prosecution’s comments on the inadequacies of Dr Slater’s various reports.” Dube to Seow, Jan 25: “The prosecution had alleged that Dr Slater’s two reports were skimpy and bereft of particulars we agree that his reports are530 words
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Article, Illustration776 1989-05-27 2 r i No grounds to accuse me, says Ross-Munro DEPUTY Public Prosecutor Lawrence Ang, responding to a complaint by Queen’s Counsel Colin Ross-Munro, maintained that the court had been misled over Francis Seow's medical condition. But he accepted that the deception776 words
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Article, Illustration570 1989-05-27 3 The Francis Seow case J THE Law Society is investigating a complaint against Deputy Public Prosecutor Ang for alleged professional misconduct in the way he handled Francis Seow’s trial for tax evasion. An inquiry panel will be appointed to investigate the complaint by570 words
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Article, Illustration561 1989-05-27 3 NARENDRA AGGARWAL - Median gross income rises to $721 from $347 in 1979 By NARENDRA AGGARWAL WORKERS in Singapore are now earning, on the average, more than double what they used to a decade ago. Both the median and the average monthly incomes of workers here have561 words
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88 1989-05-27 3 THE Australian Alumni Singapore, founded in 1955 by a group of returned graduates from Australia, recently elected their office bearers for the term 1989 90. Mr Francis Foo, 32, the Marketing Manager of F N Dairies Pte Ltd, has succeeded Dr Anthony Chung as president. The88 words
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143 1989-05-27 3 THE Social Development Service (SDS) has scored its biggest-ever success by matchmaking 40 couples who will say “I do” at a mass wedding celebration in September. Although mass weddings are a common sight in Singapore, this is the biggest involving the SDS. The143 words
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132 1989-05-27 3 WITH labour being the critical constraint to economic growth this year and with the clamp on the inflow of foreign workers, wages are expected to heat up this year. But Mr Mah Bow Tan, Minister of State (Trade t Industry), said in a132 words
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333 1989-05-27 3 MORE than 4,000 Singapore residents were given permanent resident visas to Australia, Canada, the US and New Zealand last year. For all four countries, the number of permanent resident visas granted was up compared with 1987, although spokesmen for the333 words
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Article208 1989-05-27 3 LAWYER Francis Seow has missed the deadline for filing a petition of appeal against his convictions last year on five tax evasion charges, it was learnt on Tuesday. A district court fined Seow a total of $19,000 for five tax evasion charges in December, and his counsel,208 words
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Article163 1989-05-27 3 NON-CONSTITUENCY MP Dr Lee Siew Choh and fellow Workers' Party member Seow Khee Leng have dropped their defamation suit against Brigadier-Gen-eral (Res) Lee Hsien Loong, Business Times and its editor. Both opposition politicians have also agreed to pay costs. But they are disputing the163 words
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Article, Illustration619 1989-05-27 4 ZURAIDAH IBRAHIM - Panel agrees that tolerance alone is not enough, but... By ZURAIDAH IBRAHIM RELIGIOUS and community leaders in Singapore are divided over whether there should be legislation to ensure that religious harmony in Singapore is preserved. They are also divided619 words
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Article, Illustration280 1989-05-27 4 THE NUS Chinese Library now possesses what has been described as the most comprehensive collection of Chinese writing in history thanks to Prime Minister I,ee Kuan Yew. Mr Ix»e donated a set of the Wen Yuan Ge Si Ku Quan Shu280 words
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576 1989-05-27 4 DOREEN SIOW - By DOREEN SIOW WHILE landlords in Orchard Road are busy jacking up their rents to take advantage of the shortage of prime retail space, property consultants are already predicting an oversupply by 1992. Retail shop leases normally run for three years and576 words
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300 1989-05-27 4 VISIT Beijing by all means but do not get off the tour bus. This advice was given to Singaporean tourists by an official of China Travel Service, who spoke to The Straits Times by telephone from Beijing on Tuesday. Major tourist attractions300 words
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144 1989-05-27 4 WHY take the slow boat to Tioman when you can reach there in half the time in a pleasure cruiser? From next month, a 240passenger high-speed cruiser will start a service to the Malaysian island. And the journey will take about144 words
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Article, Illustration532 1989-05-27 5 SERENA TOH - For law-graduate Linda and canteen helper Swee Chye, happiness is being able to hear again By SERENA TOH THE sound of running water and the din from the television set are music to the “bionic” ears of two people who can hear again, after having lived in a silent532 words
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369 1989-05-27 5 Ong Ming Seing - By Ong Ming Seing, Washmgton Correspondent LOS ANGELES The National Medical Enterprises (NME), a major US healthcare company, is expanding the facilities at the $lBO-mil-lion Mount Elizabeth Hospital in Singapore its flagship in South-east Asia. The expansion includes a $7-million cancer treatment centre369 words
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Article, Illustration649 1989-05-27 5 Inquiry into death during army night training AN ARMY night live-firing exercise ended in tragedy when an officer cadet was fatally shot by a fellow trainee, a coroner’s court was told this week. Cadet Officer Wong Chieu,649 words
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Article, Illustration300 1989-05-27 5 POLICE believe that a 15-month-old baby who has been missing since she was abducted on Thursday last week may be the victim of a family dispute. Detectives do not suspect the kidnapping was carried out for ransom or was committed by an300 words
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Article, Illustration615 1989-05-27 6 Mendaki II gets the thumbs-up at MalayMuslim congress Delegates back call to set it up as a company MORE than 500 MalayMuslim community leaders and individuals gave the thumbs-up last Sunday for a new Mendaki, the proposed institution to adopt an all-round approach to tackling the community's problems. They endorsed615 words
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224 1989-05-27 6 THE three-day congress to launch Mendaki II ended with a set of resolutions to improve the so-cio-economic position of the Malay-Muslim community. The resolutions reminded the community to upgrade the knowledge and skills needed to tackle educational, economic, social and cultural224 words
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638 1989-05-27 6 Subsidy for Malay students THE Malay-Muslim community in Singapore should consider the proposal by Mr Goh Chok Tong to help Malay tertiary students in a calm and rational manner, Dr Ahmad Mattar has urged. Speaking to reporters after opening the 12th638 words
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541 1989-05-27 6 THE Government’s proposal to change the system of financing tertiary education for Malay students proved to be a hot topic at the Mendaki II congress. Participants were divided over whether to endorse First Deputy Prime Minister Goh Chok Tong's proposal to let Mendaki II541 words
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294 1989-05-27 7 THE arrangements between the Immigration Department and the Indian High Commission to register and repatriate Indian overstayers have come to an end. A Home Affairs Ministry statement said on Wednesday that during the two-week grace period, which ended on Tuesday, 1,585 Indian workers were294 words
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Article240 1989-05-27 7 74 fined $360,000 TWO employers one of whom is a woman have been fined a total of $3,000 for hiring illegal workers as the authorities continued with tough enforcement action against errant bosses. Ong Chwee Lan, a proprietress of the Garden City Hairdressing Centre in Eu240 words
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Article, Illustration224 1989-05-27 7 ONG MING SEING - By ONG MING SEING Washington Correspondent DALLAS (Texas) Sixty Singapore students turned up at a reception here last week to meet Trade and Industry Minister Lee listen lx»ong, who is visiting the United States. The students, who attended the reception on Thursday, are224 words
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104 1989-05-27 7 A TAIWANESE businessman was charged in a district court on Monday with conspiring to traffick in counterfeit US currency notes. Yang Shao-Hwa, 38, is alleged to have conspired with Ho Kian Chan, 36, a Singaporean businessman, to pass off as genuine US$5OO,OOO (*****,000)104 words
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438 1989-05-27 7 and visits Air Force team undergoing training in Arizona LUKE AIR FORCE BASE (Arizona) A RSAF Air Force contingent undergoing training at this US Air Force base had a VVIP visitor last week Second Defence Minister (Services) BrigGen (Res) Lee Hsien Loong, on a visit to the US, dropped in438 words
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Article110 1989-05-27 7 TWO Singapore Armed Forces officers died and seven other soldiers were injured in a road accident in Thailand on Tuesday. A Ministry of Defence statement said the SAF personnel, on a training visit in Thailand, were travelling in a vehicle which went out of110 words
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Article, Illustration746 1989-05-27 8 SANDRA DAVIE - Improving image of teachers not easy, educators admit By SANDRA DAVIE LEADING Singapore educators acknowledge that they face a stiff challenge to improve the image of teachers who are widelyregarded as being stuck in demanding, but secondclass. jobs with no career prospects and746 words
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271 1989-05-27 8 A MAN suffering from schizophrenia who had a relapse and killed a woman engineer almost five years ago was jailed for life for manslaughter by the High Court on THursday. Imposing the maximum sentence on Neo Man Lee, 32, who has been mentally ill271 words
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220 1989-05-27 8 NON-CONSTITUENCY MP lice Slew Choh made his first-ever visit to Sentosa last Sunday for a reunion with his former political ally, Chia Thye Poh. Chia, who had been detained under the Internal Security Act since 1966, was freed conditionally on Sentosa220 words
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218 1989-05-27 8 TWO days before she was due to return to Manila, a Filipino maid stole valuables worth a total of $15,250 from her employer, a district court heard on Wednesday. Imelda E. de Jesus, 34, was working for Mrs Chelvam Charmain, 40. a218 words
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Article70 1989-05-27 8 A SCHOOLGIRL on her way to school stumbled upon the body of her brother at the foot of a block of flats this week The 16-year-old girl found her brother, Loh Kwang Leng, 14, lying in front of Block 52, New Upper Changi Road, at about 770 words
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590 1989-05-27 8 ONG MING SEING - By ONG MING SEING WASHINGTON Trade and Industry Minister I,ee Hsien Loong has said it will be unwise for the Government to remove the Internal Security Act providing for detention without trial because it has contributed to making Singapore a590 words
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across the CAUSEWAY
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Article, Illustration364 1989-05-27 9 JOHOR BARU - It’s all fated, says her foster mother JOHOR BARU THE Sultan of Johor has directed that Jassica Weiss Abdullah, who is at the centre of a custody battle, be handed over to her natural parents. The Johor Islamic364 words
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Article82 1989-05-27 9 BATH PAHAT Madam Sopiah Elam, the mother of tug-of-love girl Jamlca, has found a new obntaele In the path of her return to Germany with her daughter. She has been charged with having Illicit sex which resulted In the birth of Jassica. Her partner In the alleged82 words
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211 1989-05-27 9 MALACCA A PROPOSED ruling forbidding pork from being served at the Dewan Hang Tuah, a community hall, here has drawn strong reaction from the state Gerakan party, Nanvang Siang Pau newspaper reported. The party described the ruling as extremely unreasonable211 words
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108 1989-05-27 9 Bernama JOHOR BARU Malayan Railway (KTM) has approved a plan to give the Johor Baru and Singapore railway stations a face-lift. KTM regional manager (southern) Roslan Mohamed said this week about Ms 2 million (Ssl.4 million) has been allocated to spruce up andBernama - 108 words
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Article134 1989-05-27 9 NEW YORK UPI. TWO MEN who allegedly knocked a Malaysian politician to the ground during an attempted robbery were captured at the weekend after they fled into a Manhattan subway tunnel. The politician, Dr Goh Cheng Teik, 46, a member of the Malaysian ParliamentUPI. - 134 words
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Article, Illustration356 1989-05-27 9 NST. KUALA LUMPUR The Supreme Court has rejected a bid by one of its former judges, Tan Sri Wan Suleiman Pawan Teh, to commit Lord President Tan Sri Abdul Hamid Omar to prison for alleged contempt of court.NST. - 356 words
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198 1989-05-27 9 KUALA LUMPUR Deputy Prime Minister Ghafar Baba said on Sunday that the Philippine Senate's decision to reject a proposed withdrawal of Manila’s claim to Sabah was expected. “We are not surprised by the Senate’s decision,” he said. He added that it198 words
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Article36 1989-05-27 9 SEREMBAN Police have arrested four suspected gun-runners and recovered one of the two Ml 6 rifles snatched from two sentries at Wardieburn Camp in Kuala Lumpur on May 3, The Star newspaper reported.36 words
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243 1989-05-27 9 NST. PETALING JAYA A law is to be introduced to protect Malaysian women against physical, mental and sexual abuse at home. The Deputy Minister in the Prime Minister’s Department, Datuk Dr Siti Zaharah Sulaiman, said the legislation would be submitted to theNST. - 243 words
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1003 1989-05-27 10 Kalimullah Hassan - NEWS FOCUS By Kalimullah Hassan, of the Foreign Desk Kuala lumpur List month, the Penang Islamic Religious Affairs Council said it would propose new legislation to punish non-Mus-lims for committing khalwat (close proximity) with Muslims. The announcement won the support of the1,003 words
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203 1989-05-27 10 Reuter MELBOURNE Australia's stock market watchdog said one of its own staff had been charged with insidertrading. Teh Kiang Lang, a 31-year-old Malaysian, was arrested on board an airliner bound for Kuala Lumpur at Melbourne International Airport last Saturday. He was later– Reuter - 203 words
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Article, Illustration321 1989-05-27 10 Bernama. LONDON Malaysia and Britain have agreed in principle to sign an agreement to enable both countries to seize assets of drug offenders. The agreement would enable Malaysia to seize the assets in Britain of a person convicted inBernama.; Reuter picture. - 321 words
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152 1989-05-27 10 PENANG NST. THE Penang State Assembly will ban words like bodoh (stupid), gila (mad), traitor, corrupt and liar, from use in future sittings. House Speaker Ooi Ean Kwong said on Wednesday that a list of words considered unparliamentary for assembly members was– NST. - 152 words
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Article306 1989-05-27 10 Bernama. KUALA LUMPUR Peninsular Malaysia’s population stood at 13,653,061 in 1987, up 2.5 per cent from 11,442,086 in 1980, the Statistics Department reported this week. The racial breakdown showed the number of Malays rose to 58 per cent in 1987 from 57.7 per cent the previousBernama. - 306 words
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CAUSEWAY/ASEAN
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508 1989-05-27 11 ISMAIL KASSIM - By ISMAIL KASSIM KUALA LUMPUR Democratic Action Party secretary-general Lim Kit Siang said on Wednesday that he would i)e getting in touch with Tengku Razaleigh Hamzah soon for discussions on the domestic political situation. Mr Lim, who was released from political508 words
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123 1989-05-27 11 KUALA LUMPUR The Member of Parliament for Johor Baru, Datuk Shahrir Abdul Samad, has said his application for membership of New Umno has been rejected, according to the Malay language newspaper Watan. The thrice-weekly tabloid yesterday quoted the former Welfare Services Minister as saying123 words
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Article, Illustration548 1989-05-27 11 Harmoko rules out, any co-ordinated action against foreign press Conference of information ministers in Jakarta Agencies. JAKARTA South-east Asian countries do not seek confrontation with the foreign media but do want balanced reporting on their region to the rest of the world. Indonesian InformationAgencies.; AFT picture. - 548 words
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186 1989-05-27 11 ABBY TAN - ABBY TAN. MANILA Vice-President Salvador laurel was chosen on Sunday to head the Philippines' oldest political party, the Nacionalista, which swept Mr Ferdinand Marcos into power, and its leaders promptly called for the return of the exiled ailing ruler. As party president,186 words
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394 1989-05-27 11 ABBY TAN - By ABBY TAN Manila Correspondent MANILA The Philippine government on Tuesday decided not to allow deposed president Ferdinand Marcos now lying critically ill in a Honolulu hospital to return home dead or alive, and said a contingency plan was in place for394 words
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Article91 1989-05-27 11 Reuter. BANGKOK More than 5M Aids cases have been recorded in the northern Thai tourist centre of Chiang Mai. The Nation has reported. The newspaper said figures compiled by provincial authorities raised fears about prostitution that have accompanied a tourist boom in the town.Reuter. - 91 words
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COMMENT/ Pick of the week’s editorials
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Article601 1989-05-27 12 MAY 26. 1988 IT WOULD have been thought impossible in 1986 when the Herzog affair dominated ties between the two countries that Malaysian troops would actually be exercising in Singapore. The unthinkable has. however, happened Singapore and Malaysian troops successfully ended their first joint land exercise in601 words
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Article665 1989-05-27 12 MAY 25. 1989 WHATEVER reservations there are about allowing non-elected MPs into Parliament, it is not disputed that the voice they are going to bring to Singapore polities will bo a useful one. This is what they are being brought into Parliament for; not to represent665 words
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Article643 1989-05-27 12 MAY 24. 1989 IT SHOULD come as no surprise that delegates at the recently concluded Mendaki Congress did not wholeheartedly embrace First Deputy Prime Minister Goh Chok Tong’s proposal that Mendaki be given the task of managing the Government’s annual sl.sm education subsidy to Malays. Indeed they643 words
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Article, Illustration594 1989-05-27 12 THE Statesman, an influential English-lan-guage newspaper in India, has criticised the Indian High Commission here for its handling of the illegal workers issue. In reports filed by a Singapore correspondent earlier this month, the newspaper accused the mission of594 words
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FOCUS
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Article1452 1989-05-27 13 SERENE LIM - Who gets the house and the car? Small but growing number of Singapore couples are signing pre-nuptial pacts By SERENE LIM in the Sunday limes NEVER mind romance who gets the house and ear? The “marriage eontract" has hit Singapore. Afraid that their marriages1,452 words
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Article, Illustration651 1989-05-27 13 Asia at risk without special USJapan ties, PM warns THE future stability and prosperity of Asia will be at risk if the United States and Japan do not forge a special relationship, Prime Minister Lee Kuan Yew said in a recent newspaper interview. He believed that this relationship needed a651 words
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TIME$
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746 1989-05-27 14 Weaker overseas demand hits manufacturing FINANCE and business services edged aside manufacturing as the leading growth sector in the first quarter, but its 12.3 percent expansion was not enough to prevent the economy from slowing (iown to 8.4 per cent growth. The746 words
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346 1989-05-27 14 DAMIEN LIM - By DAMIEN LIM UNITED Industrial Corporation is calling for a massive $227-million l-for-2 rights issue at $1.50 a share to reduce its hefty borrowings. At Tuesday's last traded price of $2.48 for UIC shares, the rights issue is priced at a discount346 words
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203 1989-05-27 14 SING INVESTMENTS Finance Ltd has reported a 160 per cent rise in pre-tax profit to $5.12 million for the year ended last December from $1.97 million in the previous year. The improved results were achieved despite a 4.47 per cent fall in203 words
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288 1989-05-27 14 THE New Straits Times Press (Malaysia) Bhd was badly affected by high newsprint prices and a weakened ringgit in the six-month period ended Feb io. The newspaper publishing group saw its pre-tax profit fell by more than half to M 57.84 million (555.65288 words
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Article, Illustration529 1989-05-27 14 LIM ENG HAI - By LIM ENG HAI THE Hotel Tai-Pan deal which ran into technical hitches about 10 weeks ago has been put back together again but in a significantly different form. Instead of buying a controlling stake in Hotel TaiPan529 words
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120 1989-05-27 14 THK pickup In the stock market was the key reason why financial and business services were the star performer in the first quarter. In the January-to-March period, 3.85 billion units worth $1.45 billion were traded on the Stock Exchange of Singapore. This was120 words
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Article, Illustration587 1989-05-27 15 CHOW CHEE SUN - By CHOW CHEE SUN GROUP pre-tax profit at Singapore Airlines soared above the sl-billion mark for the first time ever a first both for the national carrier and the history of local companies. Its earnings of $1.09 billion before tax587 words
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257 1989-05-27 15 SINGAPORE Airlines, which announced record pre-tax earnings of $1.19 billion for the year to March 31, will make $179 million from the sale of three aircraft. At a Westln Plaza briefing for securities analysts on Tuesday, SIA announced that it would he257 words
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Article158 1989-05-27 15 COUNTER RATES Singapore dollars to ona unit of foraign currency Buying OD Selling US dollar I 9385 1.9575 Sterling pound 3 0770 3.1389 Australian dollar l 4586 1 5073 Canadian dollar l 6015 1.6326 NZ dollar ***** 1.1804 Singapore dollars to 100 units of foraign currency Austrian schilling158 words
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369 1989-05-27 15 MALAYAN United Industries Berhad, the flagship of Malaysian businessman, Khoo Kay Peng, has announced a more than five-fold rise in its group pre-tax profit for the year ended Dec 31, 1988. Group pre-tax jumped from M 54.15 million (513.02 million) to M 524.67 million.369 words
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593 1989-05-27 15 Sharemarket review THE “correction” which most local brokers thought would occur this week after the Straits Times Industrial Index broke through the 1,300-level, came about all right but it was more than they bargained for. As panic selling continued unabated on Monday593 words
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Article171 1989-05-27 15 Bernama. KUALA LUMPUR The Capital Issues Committee (CIC) has approved Hume Industries (M) Bhd's controversial offer for the entire paid-up capital of Multi-Pur-pose Holdings Bhd (MPHB). Aseambankers Malaysia Bhd, speaking on Hume's behailf, said Hume had also received CIC approval for its proposed 3-for-2 rightsBernama. - 171 words
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Article73 1989-05-27 15 STRAITS Steamship Land Ltd will be reclassified under the properties section of the Stock Exchange of Singapore Section One stocks from on Monday. The group recently changed its name from Straits Steamship Co Ltd to reflect the shift of its core business to more propertyrelated activities. Previously, its73 words
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Article6537 1989-05-27 16 Al shares quoted have a par value of SI. unless otherwise specified. Adjusted for scrip/rights. N Tax-eiempted dividend P/E ratios and gross yields of foreign shares are adjusted for currency differences. Trustee stocks under CPF Approved Investment Scheme J Margin stocks. ABN is traded in lots of6,537 words
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Article306 1989-05-27 17 Manager's prices for May 27 29 Singapore Unit Trust The Commerce 1 101 16id 'he Savings fund 0 98 104 Spore Prog fund 0 4V 0 49 Spore Sec fund 0 ***** Spore Invest fund 080 -085 S'pore Equity fund 0 ***** Asia Unit Trust Mai Invest fund 1.*****306 words
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Article613 1989-05-27 17 Friday May 30 HKS 4/. 3 075 ***** 220 4006 Asia Sac War 91 0 55 4 0 0« Bank of EA 15 70 Bond Corp Int'l Bond Corp War 91 1.7« 0 275 4 0 02 -0015 64 10 >2 00 115 0 so •uap 10 4015 3613 words
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Article54 1989-05-27 17 THE ST Industrial Index and dally turnover for the week: MONDAY: 1,292.74 points (down 11.17); 97.72 m units (value 9218.11 m); TUESDAY: 1,291.92 points (down 9.82); 91.94 m (9185.99 m); WEDNESDAY: 1,289.57 (down 11.95); 59.71 m ($195.24m); THIRSDAY: 1,257.72 (down 22.85); 87.97 m <9175.«8m); FRIDAY: 1,289.58 (up54 words
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Article52 1989-05-27 17 THE New Straits Times Index plunged 79.7 points. MONDAY: 2,249.58 points (down 7.N); 99.94 m units (value M|79.79m); TUESDAY: 2,297.27 points (down 12.91); 951.79 m (M584.57m); WEDNESDAY: 2,224.84 (down 12.49); 28.28 m (M558.82m); THI RSDAY: 2,179.44 (down 45.4); 91.59 m (M|82.94m); FRIDAY: 2,184.89 (np 5.99); 28.9 m52 words
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Article47 1989-05-27 17 THE Hongkong Hun Seng Index plunged 371.98 potato an the MONDAY: 9,889.97 potato (dawn 539. M); tnraaver HK$3 MlUm TUESDAY: 3,9*7.94 (up 991.99); HK93.97 billion; WEDNESDAY: 3,999.73 (dawn 18.99); HK93.93 billion; THURSDAY: 9,***** (down 999.99); HK93.4 bUUon; FRIDAY: 9,794.17 (up 13.19); HK99.99 bilUon.47 words
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Article, Illustration471 1989-05-27 18 DOREEN SIOW - By DOREEN SIOW IN THEIR second joint purchase in six months, Wing Tai Holdings and United Industrial Corporation are buying up Supreme House, one of the oldest shopping centres in the Orchard Road area, for $l6B million. The two groups471 words
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Article376 1989-05-27 18 Week ended May 18 Complied by Business limes. Final results Gross Group net Year to Company dividend profit/loss 000) ANA Hotels $3.6921 ($3.2011) Dec 88 Centrepomt 2 $6406 ($5 115) Jan 89 Haw Par 7 (7) $20,489 ($24,972) Dec 88 HK land 15 2Business limes. - 376 words
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363 1989-05-27 18 IN ONE OF the fastest deals ever, developer William (Bill) Goei has contracted to sell his Goldhill Plaza to an unnamed Indonesian company for $93 million. The parties met twice on Wednesday and Saturday last week and agreed in three363 words
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Article1350 1989-05-27 18 Current Ex Books Date Total lor Total lor payment date close payable the year lest year A Enterprises 6% IN May 3 May 18 Jun 8 11% 10% Ajinomoto 10% Apr 24 May 10 Moy 25 10% 8 3% la! Amcol 10% Jun 16 Jun 28 Jul 121,350 words
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388 1989-05-27 19 CATHERINE C. ONG - Most don’t believe Beijing will keep two-systems promise By CATHERINE C. ONG Hongkong Correspondent HONGKONG’S brain drain problem is far from easing. The latest island-wide poll showed that up to a third of the people plan to emigrate before 1997.388 words
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Article, Illustration412 1989-05-27 19 Issue will be Malaysia’s largest ever PERMODALAN Nasional Bhd, the government-con-trolled investment company, is offering 100 million shares in Kumpulan Guthrie Bhd, one of Malaysia’s largest plantation groups, for public subscription. “The flotation of Guthrie shares is the largest in Malaysian corporate history,”412 words
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112 1989-05-27 19 SINGAPORE-BASED United Engineers Limited announced last week that it had received the last payment of M 550.53 million (5536.38 million) from its sale of M552.5-million worth of loan stock in United Engineers (Malaysia) Berhad last March. The sale marked the end of112 words
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Page 19 Advertisements
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Advertisement745 1989-05-27 19 REACH SINGAPORE FROM HOME To advertise, contact our representatives below: MALAYSIA: i 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 Temple745 words
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FORUM
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387 1989-05-27 20 THE current thinking of allowing Members of Parliament to serve for a short period is a positive step. Why two terms? Why not a term, especially if the MP cannot afford to serve two terms? As a citizen who has no political affiliation387 words
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ON THE EXTENDED AREA LICENSING SCHEME AND HIGHER PARKING FEES
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245 1989-05-27 20 EVEN when I lived outside the restricted zone I paid the entry fee willingly. I thought and still think that the area licensing scheme and the way it is implemented are both excellent. Now I live inside the zone in245 words
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85 1989-05-27 20 I WRITE on behalf of residents within the restricted zone (Nutmeg Road) whose passage to and from our homes is greatly curtailed by the six restricted-zone hours. Those taking children to and from school and also those returning after work are virtually85 words
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Article149 1989-05-27 20 THE 100 per cent increase in season carpark charges affects only those in the middle and lower-income groups the more than 80 per cent of our population who live in Housing Board flats. If this increase is meant to be a disincentive to motorists, I strongly feel149 words
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168 1989-05-27 20 THE decision to increase the seasonal parking charges for those living in Housing Board and other public housing estates is unfair in that it discriminates against those who live in these flats while not affecting those now living in private houses. The168 words
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Page 20 Advertisements
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Advertisement241 1989-05-27 20 ■lt'*- mit OViRSI»! UXTiO* 'Hie Straits Times HQ 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 tabloid241 words
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Advertisement96 1989-05-27 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 p£per. You may add a pseudonym if you wish. But we would96 words
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Advertisement996 1989-05-27 21 APPOINTMENTS molex The world’s leading manufacturer of electronic/electrical connectors and interconnection system is looking for Engineering talents to fill the following positions in the Far East Regional Headquarters! INDUSTRY MARKETING MANAGER BsEE Degree or equivalent. Minimum 4 years experience in a Sales and/or Product Marketing role for a computer-related or996 words
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Advertisement1237 1989-05-27 22 APPOINTMENTS GEHMO Hermetic Motor Operation Pte Ltd At GEHMO, we talk about Just-in-Time, SPC, total quality control, zero defects, customer satisfaction. Just so much more challenges; open to qualified engineer who is looking for a satisfying career. We invite you to join our team as: Quality Control Engineer The Person:1,237 words
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TIMESPORT
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Article, Illustration467 1989-05-27 23 Ailing former Malaysian soccer star’s worst fears confirmed THE very muscles that carried Mokhtar Dahari to fame as Asia's soccer star are killing him, The New Paper, Singapore’s mid-day tabloid, reports. It was revealed on Monday that the Malaysian legend does not have long to live he’s467 words
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Article133 1989-05-27 23 MOKHTAR Dahari is now frightened of the very crowds which he used to enthral a few years ago. “He gets nervous whenever there Is a crowd around him,’’ said Mazlan Harun, the former Selangor team manager. “He prefers to he alone. He feels safe only when133 words
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396 1989-05-27 23 TAY CHENG KHOON - Cash incentives scheme for athletes By TAY CHENG KHOON WIN medals, get cash. That is the incentive for Singapore's track and field athletes at August’s South-east Asia Games in Kuala Lumpur. Gold medals will be worth 53,000, silver $l,OOO and bronze396 words
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Article134 1989-05-27 23 NST. KUALA LUMPUR Singapore’s Fandl Ahmad and R. Snrlamurthl will be two of the stars taming oat in a charity match on Sunday to raise funds for the ailing Mokhtar Dahari. Pahang FA is organising the match between the Hyatt and Shell celebrities at theNST. - 134 words
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103 1989-05-27 23 KEDAH, last year’s beaten Malaysia Cup finalists, are making a strong bid to sign former Singapore soccer striker V. Sundramoorthv for the semi-professional Malaysia Cup competition starting on July 2. Dato Ahmad Basri Akil, the Kedah FA deputy president and team manager, and103 words
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634 1989-05-27 23 Pre-World Cup Qualifying Round: First leg (Seoul) SINGAPORE’S road to Rome as good as ended in Seoul on Thursday as they crashed to their second defeat in as many matches in the four-team East Asia Group Four World634 words
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Article85 1989-05-27 23 HOSTS South Korea trounred Nepal 9-0 on Thursday one of the highest scores in World Cup history. With their 3-0 defeat of Singapore on Tuesday, they lead the four-team table on goal difference from Malaysia. They play Malaysia on Saturday. STANDINGS P W D L F85 words
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Article, Illustration439 1989-05-27 24 Next Semangat Bersatu war games will be in Sarawak JOINT land exercises between troops from Singapore and Malaysia may be an annual affair involving even larger numbers of soldiers from the two armed forces. This was disclosed by the Malaysian Armed Forces439 words
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Article419 1989-05-27 24 SINGAPORE'S exports surged ahead vigorously in April, continuing the strong rehound in March, latest trade figures released on Thursday showed that total export volumes in April were up a healthy 17.2 per cent compared to a year ago. Exports of Singaporemade goods saw an even higher419 words
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161 1989-05-27 24 TWO drug traffickers, who were involved in the big-gest-ever 1 heroin seizure in Singapore seven years ago, were hanged at the Changi Prison yesterday. Ng Beng Kee, 48, and Tan Hock Bin, 36, were the 23rd and 24th drug traffickers to be executed since161 words