The Straits Times : Weekly Overseas Edition, 26 August 1989
1989-08-26
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-08-26 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, AUGUST 26, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration1176 1989-08-26 1 PM, close to tears, tells nation: A PRIME Minister close to tears told Singaporeans last Sunday night that the answer to the serious emigration problem lay ultimately in their conviction that this is THEIR country. Even as he1,176 words
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Article81 1989-08-26 1 PARLIAMENT, which site next week, is expected to elect President Wee Kim Wee to a second four-year term as Singapore’s Head of State. Prime Minister Lee Kuan Yew will ask the House to re-elect the former journalist and diplomat, whose current term expires next month.81 words
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293 1989-08-26 1 P eople they’re the secret to our success PEOPLE matter a great deal for tiny Singapore and they account for a big part of why this place succeeds. In his National Day Rally speech at the Kallang Theatre last Sunday night, Prime Minister Lee Kuan Yew highlighted various aspects of293 words
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Article210 1989-08-26 1 WHAT makes Singapore Number One in economic competitiveness, ahead of Hongkong, Taiwan, South Korea, Malaysia, Thailand and other countries? From data cited by Prime Minister I>ee Kuan Yew last Sunday night, the answer was clear: Singapore’s strength is its top-quality workers and managers210 words
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Page 1 Advertisements
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Advertisement79 1989-08-26 1 More reports on PM’s N-Day Rally speech: Pages 2-5 HOME Special unit set up to Govt in row with the London Times PAGE 5 Parents of Perth college students sue for $740,000 PAGE 7 PHOTO SPECIAL: Million feet in Swing Street PAGES 12-13 CAUSEWAY 450 jobless teachers to be sent79 words
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Advertisement6 1989-08-26 1 /arariawaKiBibi SiOOI Membership has its privileges*6 words
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PM’s N-Day Rally speech
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On the emigration of talented Singaporeans
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Article, Illustration1916 1989-08-26 2 SINGAPORE has got to face the problem of emigration squarely or risk getting “creamed off" by countries looking for able and talented Asians to contribute to their development, the Prime Minister told the nation. “We’ve got to analyse, research, analyse, weigh1,916 words
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On the more liberal immigration policy
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1298 1989-08-26 3 MR LEE Kuan Yew gave the assurance that the entry of 25,000 Hongkong workers will not upset the racial balance in Singapore, and that they will be absorbed in a way which will make them Singaporeans in the end. The Government would not have1,298 words
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Article345 1989-08-26 3 SINGAPORE Malays were assured by Mr Lee Kuan Yew that they did not need to worry about the arrival of Hongkongers who migrate here. Speaking briefly in Malay, he said that he was fully aware of the concerns and fears expressed by the community, particularly over345 words
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233 1989-08-26 3 THE Prime Minister confessed that, on the emotional level, he could not understand why some young Singaporeans were emigrating. It was an issue Singapore had to face, but it was also something he really did not understand at all, he said. “I mean,233 words
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370 1989-08-26 3 Higher pay elsewhere Bigger houses and cars Better life for the children Children’s education Too much stress on work and competition in Singapore Too many restrictions and regulations Not enough freedom of choice. HIGHER pay, bigger houses and cars and a370 words
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On Singapore’s US bases statement
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Article787 1989-08-26 4 Regional peace may be disturbed when they flex their muscles AS SUPERPOWERS scale down their quarrels, medium powers flexing their military muscles could also disturb the peace in the neighbourhood. This warning was given by Prime Minister Lee Kuan Yew when he analysed the international787 words
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192 1989-08-26 4 THE rest of Asean will make it. We have grown in the last 20-plus years and there is no reason why we should not keep a balance that enables each one to thrive, to prosper, and give everyone an adequate life, one which ie free192 words
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Article, Illustration953 1989-08-26 4 Mahathir: ‘A leader with a grasp of reality Suharto: ‘Most important factor for Asean stability’ MR LEE Kuan Yew described Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad as a leader with a grasp of the realities of superpower politics. The Prime Minister said953 words
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NEWS FOCUS
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Article, Illustration907 1989-08-26 5 London Times refuses to publish full reply to article THE Government has advertised in newspapers here and in Britain to put on record how The Times of London prevented it from replying fully to an article907 words
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418 1989-08-26 5 THIS is the portion of High Commissioner Abdul Aziz Mahmood's letter which the Times of London refused to run in full: “If Mr Jeyaretnam is a person of ‘scrupulous integrity professionally, personally and politically’, how is it that after July 1975, when the Workers’418 words
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278 1989-08-26 5 UNTIL the Zone of Peace, Freedom and Neutrality (Zopfan) Is guaranteed by the superpowers, it would be wiser to look for other arrangements, Mr Lee Kuan Yew said In his National Day Rally speech last Sunday. Singapore’s offer to host some278 words
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Article271 1989-08-26 5 An idea that went up in tears, real tears’ THE Indian Ocean Zone of Peace, which came before the proposal for a South-east Asian Zone of Peace, Freedom and Neutrality (Zopfan), failed because the great powers did not respect it, Mr Lee Kuan Yew noted last night.271 words
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252 1989-08-26 5 LONDON Times of London columnist Bernard Levin,, in a stinging count-er-attack on Thursday, condemned the “impudence” of paid advertisements placed by the Singapore Government in competitor newspapers here in reply to an earlier article by him alleging political persecution in Singapore. In a six-column commentary,252 words
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HOME
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Article, Illustration284 1989-08-26 6 CAROLINE CHAN - By CAROLINE CHAN SINGAPORE’S first world-class marina will be built in Tuas at a cost of about $3l million as part of an ambitious plan to upgrade the recreational facilities in Jurong. The seven-hectare marina, to be developed by National Iron and Steel284 words
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Article, Illustration287 1989-08-26 6 Dog dropped eight floors down litter chute and lives A WOMAN money broker is suspected to have thrown her neighbour’s dog eight storeys down the rubbish chute of a block of flats in Pasir Ris. But the 3-kg Maltese, Candy, was later found without a scratch. It is believed the287 words
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Article111 1989-08-26 6 THE winner of The Singapore Visitor shopping contest, due here next week for a $40,000 spending spree, has cancelled her trip because of her husband's death. Mrs Mary Hodges, a South African, was picked from more than 7,000 entries in a contest held in conjunction with111 words
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181 1989-08-26 6 ALAN HUBBARD - By ALAN HUBBARD Europe correspondent LONDON Singapore actor Glen Goei has been offered a role which could make him a television star in Britain. Goei, 26, an overnight sensation in London's West End in his first major part as the transvestite181 words
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Article83 1989-08-26 6 A MAN who set fire to National Day bunting along Bendemeer Road has been sentenced to six months’ jail and six strokes of the cane for vandalism. Labourer Ho Say Whatt, 41. admitted vandalising the colourful bunting hanging on six lamp posts. Two policemen on patrol saw83 words
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Article, Illustration570 1989-08-26 6 SINGAPORE’S current population mix has served it well and it would be foolish to try and change it, National Development Minister S. Dhanabalan said. Speaking at the Kallang Community Centre’s National Day celebration, he said that Singapore had been spared the570 words
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323 1989-08-26 6 THE influx of foreigners who will enter Singapore under the Government’s new liberal immigration policy might adversely affect the livelihood of skilled Singapore workers. Singapore Democratic Party leader Chiam See Tong has said. The entry of immigrants will increase competition for jobs,323 words
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192 1989-08-26 6 A PIONEERING catering company, Chrisvic, has folded but has managed to avoid a $1.3 million penalty which would have been imposed if it had failed to supply meals to Singapore Armed Forces soldiers. Chrisvic’s insurance company offered Effort Holdings Pte Ltd, a Guthrie192 words
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334 1989-08-26 7 THE Housing Board may give flats in its estates completely new Myear leases from the date they are renovated under the upgrading scheme recently announced by the Government. The board said in a letter yesterday to The Straits Times Forum page:334 words
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601 1989-08-26 7 SANDRA DAVIE - By SANDRA DAVIE PARENTS of the 80 Singapore students affected by the closure of a Perth college recently are to file a claim for about A 5500,000 (about *****,000). Mr Ho Ching Foo, heading the parents' group, said each of them lost601 words
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Article, Illustration98 1989-08-26 7 A WOMAN architect in charge of Changi Airport Terminal II project collapsed and died of a stroke while discussing work with her boss last Friday. Miss Tan Chek Wee, 41, (above) was with Mr Chua Hua Meng, director of airport development, in the98 words
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163 1989-08-26 7 A RESTAURANT wellknown for its Cantonesestyle yu-sheng (raw fish) and crab aisnes nas oeen slapped with a two-week suspension for selling contaminated food and also having rats in its storeroom. Capital Restaurant in Cantonment Road had to close shop from Monday after163 words
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Article, Illustration215 1989-08-26 7 MORE than 200 people, including President Wee itim Wee and the First Lady and Prime Minister and Mrs Lee Kuan Yew, attended the funeral of Mrs Piroska Rajaratnam on Monday. Hungarian-born Mrs Rajaratnam, 75, wife of former Senior Cabinet Minister S.215 words
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345 1989-08-26 7 President’s Scholars HWA CHONG Junior College scored a hat trick when three of its students were among the six President’s Scholars named last week. Of the rest, two came from Raffles JC while the sixth was from National JC, according to a Public345 words
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95 1989-08-26 7 AN Indian national who overstayed in Singapore for 69 days after the expiry of his social visit pass, was fined $1,500 by a district court on Thursday. Kasinathan Ravi, 29, who pleaded guilty, arrived in Singapore from Madras on June 1 and was granted a95 words
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515 1989-08-26 8 Activities will include finding rental HDB flats, schools for children ORIENTATION programmes on Singapore laws and customs, detailed guide books, audio-visual materials, and English and Mandarin classes are in store for new immigrants keen to integrate into Singapore society. These are among515 words
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128 1989-08-26 8 A WELSH w oman has written to The Straits Times in praise of the Singapore Youth Choir for their performance at the Liangollen International Eisteddfod. Ms Majorie J Tod, of North Wales, wrote: “Mr David Lim. the choir's chairman and senior128 words
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Article54 1989-08-26 8 MR HU PING, Chinese Commerce Minister, called on the Prime Minister on Thursday at the Istana. The Chinese minister, who is here on a one-week visit, will also meet Trade and Industry Minister BG Lee Hsien Loong, Trade Development Board chairman Alan Yeo and Economic Development54 words
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Article, Illustration382 1989-08-26 8 NG WEI JOO - By NG WEI JOO THE principal of Ngee Ann Polytechnic, Mr Chen Hung, is leaving the teaching service for his “first love" environmental engineering and pollution control. Mr Chen, 55. widely recognised as having nurtured Ngee Ann from a382 words
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226 1989-08-26 8 THERE is no friction between Prime Minister Lee Kuan Yew and First Deputy Prime Minister Goh Chok Tong and the second generation leadership, Mr Ong Teng Cheong said last night. The programme of political succession was firmly in place, he said, and there226 words
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Article, Illustration99 1989-08-26 8 THE former Senior Minister of State (Prime Minister’s Office). Haji Ya’acob bin Mohamed (above), is in hospital after suffering a heart attack last week. His son-in-law, Mr Ekhsan Zaini, said the veteran politician was in stable condition and able to talk to family members who99 words
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Article, Illustration477 1989-08-26 8 DOLLY DAVENPORT, a former lawyer struck off the rolls of lawyers on Aug 18 for professional misconduct, was yesterday sentenced to three months’ jail for criminal breach of trust involving over $70,000 in clients’ stake money. Davenport, well known for her work477 words
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185 1989-08-26 8 THE management committee of the Singapore Youth Orchestra (SYO) has accepted the resignation of Miss Vivien Goh, its Music Director and Resident Conductor. Miss Goh had submitted her letter of resignation to the orchestra’s nine-member management committee last month. In interviews later, she cited185 words
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across the CAUSEWAY
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291 1989-08-26 9 Bernama. TAIPING Malaysia will send about 450 unemployed science and mathematics teachers to Brunei, Maldives, Papua New Guinea and the Seychelles soon. Education Minister Anwar Ibrahim said that the four countries had asked for the services of these teachers. He said that BruneiBernama. - 291 words
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317 1989-08-26 9 NST. KUALA LUMPUR The government is proposing to give bonuses to public employees for excellent service, according to a booklet released by the Public Services Department. The booklet, Renewal Towards Excellence in the Civil Service, said the bonus would beNST. - 317 words
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84 1989-08-26 9 KUALA LUMPUR Twelve women were arrested for gambling In Sungal Petanl, Kedah, on Saturday after their husbands tipped off pollee. According to Tlie Star on Tuesday, the men were angry over their wives’ gambling habits. The men refused to post ball for84 words
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165 1989-08-26 9 KUALA LUMPUR Gerakan has cut its membership by half from the present 160,000 in an exercise to strike off members who were not interested in the party, the party’s national chairman Datuk Seri Dr Lim Keng Yaik said. Sin Chew Jit Poh newspaper quoted165 words
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256 1989-08-26 9 KUALA LUMPUR The orchid farm where former prison Inmate Abdullah Ang and other prisoners were sent to work has become the focus of a probe by the Malaysian Anti-Corruption Agency (ACA), The Malay Mall reported. The paper said questions have been raised about256 words
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Article82 1989-08-26 9 AP, Bernama. KUALA LUMPUR Malaysia Airlines (MAS) will employ 2M more pilots next year, the company’s managing director, Tan Sri Abdul Axis Abdul Rahman, said this week. He added that there were needed for Boeing 7475, Boeing 737 s and other aircraft the airline was– AP,; Bernama. - 82 words
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Article, Illustration346 1989-08-26 9 six months to live. Bernama. KUALA LUMPUR Millionaire Loo Cheng Ghee, the former owner of Kentucky Fried Chicken franchises in Malaysia and Singapore, died of cancer in the US last Sunday. He was 56. Family members who confirmed his death refused to givesix months to live. Bernama. - 346 words
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383 1989-08-26 9 NST. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad has attacked the inflexible attitude of some banks which, he said, are bent on exacting "every pound of flesh” from clients when recovering old loans. Dr Mahathir said some banks adopted this attitude evenNST. - 383 words
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198 1989-08-26 9 Bernama. KUALA LUMPUR Three University Pertanian Malaysia (UPM) students who were sacked for excessive ragging are challenging the decision of the university’s disciplinary board in court. They filed an application at the High Court Registry on Tuesday for leave to apply for anBernama. - 198 words
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Article48 1989-08-26 9 PENANG Barber Din Yahaya, 49, was sentenced to death by the High Court here on Monday after he was found guilty of trafficking in 439.9 g of ganja. The offence took place at a house in Permatang Manggis, Kepala Batas, Butterworth five years ago.48 words
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CAUSEWAY/ASEAN
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Article, Illustration530 1989-08-26 10 Datuk Koding fired for ‘not backing party’ KOTA KINABALU THE Chief Minister of Sabah, Datuk Seri Joseph Pairin Kitingan. sacked his deputy. Datuk Mark Koding, from the state Cabinet on Monday. The Chief Minister said in a statement that the Yang Dipertua Negeri, Tun530 words
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Article85 1989-08-26 10 NST. KUALA LUMPUR Former Deputy Prime Minister Datuk Musa Hltam and former Foreign Affairs Minister Tan Sri Ghazall Shade have been appointed special envoys by Prime Minister Datuk Seri Dr Mahathir Mohamad to meet Commonwealth leaders who have yet to respond to the Invitation to attend– NST. - 85 words
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211 1989-08-26 10 KUALA LUMPUR Sabah’s ruling Parti Bersatu Sabah (PBS) on Monday suspended its vice-presi-dent Datuk Mark Koding and nine other party stalwarts in the party’s first serious internal split since it came to power in 1985. Datuk Kmiing was sacked earlier on Monday as Deputy211 words
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Article136 1989-08-26 10 of Datuk Koding. Bernama. KUALA LUMPUR The federal government will not interfere in the Sabah government's affairs following the dismissal of Deputy Chief Minister Datuk Mark Koding on Monday, Prime Minister Datuk Seri Dr Mahathir Mohamad told reporters on Monday. He said: "As long asof Datuk Koding. Bernama. - 136 words
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264 1989-08-26 10 KUALA LUMPUR Umno suffered a loss of MSSOO million (***** million) including properties like the Umno headquarters building as a result of the tussle for the party leadership in 1987, Umno deputy president Ghafar Baba has said. Addressing a Petaling Jaya Umno divisional meeting. Mr264 words
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Article, Illustration253 1989-08-26 10 NST. KUALA LUMPUR The University of Malaya has suspended an associate professor and prohibited him from entering the campus for discriminating against non-bumiputra students. According to the university’s vice-chancellor. Professor Syed Hussein Alatas, the senior lecturer in the Malay Studies Department refusedNST. - 253 words
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ASEAN
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181 1989-08-26 10 Reuter. MANILA Philippine Cardinal Jaime Sin has rebuked President Corazon Aquino to her face for legalising casinos and warned that corruption in the country was as unstoppable as Aids. The President and her family sat in the congregation as the Roman Catholic archbishopReuter. - 181 words
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Article29 1989-08-26 10 AP. MANILA Eleven people were killed when anti-com-munist vigilantes seeking to avenge the June massacre of 39 Protestant churchgoers clashed with Marxist rebels on Wednesday. AP.AP. - 29 words
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447 1989-08-26 10 ABBY TAN - By ABBY TAN Manila Correspondent MANILA President Corazon Aquino has for the first time urged Asean countries to state clearly if they agree that the United States’ military presence contributes to regional security. She further suggested that Singapore should ask other447 words
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COMMENT/Editorials
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Article613 1989-08-26 11 AUG 26, 1989 FIVE months ago, Solidarity was still an illegal organisation and it was inconceivable that any communist government could be peacefully ejected from power. Today, at the request of President Wojciech Jaruzelski, it is in the midst of forming the first non-communist government in the613 words
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Article643 1989-08-26 11 AUG 23. 1989 HOUSING Board flat owners, it would appear, have never had it so good. First, the announcement last month that the HDB was embarking on a major upgrading exercise to refurbish existing flats to the standards of its newest estates in Bishan and Pasir643 words
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Article663 1989-08-26 11 AUG 22, 1989 ALL of a sudden, it seems, the prognosis for Singapore no longer looks so rosy after Prime Minister Lee Kuan Yew’s moving National Day Rally speech on Sunday. If this nation of declining birth rates and rising emigration were a patient, the diagnosis663 words
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Article652 1989-08-26 11 T F Hwang take* you down Memory Lane TOMORROW is the last day of the Tanjong Pagar pictorial exhibition at Raffles City atrium. Styled Singapore’s Cradle of Development, the Tanjong Pagar featured in the display covers the area historically known by that name and not necessarily652 words
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Article169 1989-08-26 11 “What does an 85-year-old leader worry about? Only what history will say about him after he's gone. On that score Deng must be a bitter man." A Western diplomat in Beijing commenting on Deng Xiaoping’s 85th birthday. “Hongkong is number one. The state just doesn’t interfere, doesn't touch169 words
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Article, Illustration513 1989-08-26 12 / 13 Celebrating National Day with the biggest party on earth We have the best port in the world. We have the best airport in the world. Tonight, we have the best party in the world. Tonight, we show the world we don’t just work hard,Picture by NGHAI CHEE WAH. - 513 words
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TIME$
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586 1989-08-26 14 LEE HAN SHIH; and MAGDALENE NG - In-principle approval for amusement park uses withdrawn By LEE HAN SHIH and MAGDALENE NG did not elaborate. Business Times. THE listed United Industrial Corporation (UIC) has reluctantly completed a property deal that could lead to an immediate, massive paperdid not elaborate. Business Times. - 586 words
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308 1989-08-26 14 CHOW CHEE SUN - CHOW CHEE SUN. TEMASEK Holdings (Pie) Ltd has more than recovered its investment in Sembawang Holdings, which has paid a huge dividend to the Governmentowned investment company. Sembawang Holdings, which is wholly-owned by Temasek, revealed in its 1988 annual report that it308 words
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312 1989-08-26 14 Bernama. KUALA LUMPUR In what will be the first “world-scale” petrochemical plant to be built in Malaysia, US company Exxon Chemical is proposing to build a US$7OO million (551. 36 billion) to US$BOO million complex in Kerteh, Trengganu. The company has applied toBernama. - 312 words
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84 1989-08-26 14 THE United Arab Emigrates, which has one of the world's highest per capita income, is inviting Singapore businessmen to take part in three major trade shows at the Dubai World Trade Centre this year. Mr Frank Raj, advertising and public relations manager of84 words
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113 1989-08-26 14 AFP. BRUSSELS Japan has been put on top of the European Community's banking services blacklist as the country where European banks face most restrictions. Singapore is also named in the list of 26 countries drawn up by the community’s banking federation ahead of negotiations onAFP. - 113 words
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Article414 1989-08-26 14 FOO CHOY PENG - FOO CHOY PENG in Business Times THE Hongkong government yesterday lowered its economic growth forecast for the year to 5 per cent. This follows a sharper than expected slowdown in the second quarter and the turmoil in China. The one-point downward revision is the414 words
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550 1989-08-26 14 Catherine C. Ong - By Catherine C. Ong Hongkong Correspondent HONGKONG A seemingly routine move by the Hongkongßank to give up its special status as the only listed company here to be governed by its own rules has fuelled speculation that it is paving550 words
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512 1989-08-26 15 ELAINE KOH - Change in accounting system boosts asset backing By ELAINE KOH in Business Times MALAYAN CREDIT Ltd, the property group in which Cycle Carriage recently bought a substantial stake, had a property portfolio valued at $585.43 million. The group’s investment properties had a value512 words
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385 1989-08-26 15 KENNETH JAMES - By KENNETH JAMES WEARNES Technology looks set to join Singapore’s billion-dollar club of companies with its new low-cost Wearnes Boldline M-Series personal computer. At its launching ceremony, Wearnes Tech General Manager Fred Tan said the sales target of its new PC has385 words
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134 1989-08-26 15 THE Singapore Manufacturers’ Association has decided to go ahead with its first furniture show in China. It will now be held in October. Mr Lim Jit Say, head of SMA’s Trade Development Division, said the association had postponed indefinitely the show134 words
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361 1989-08-26 15 ANOTHER member of the Keppel stable is being listed on the Philippines’ Manila and Makati stock exchanges. In a press statement on Tuesday, the diversified group announced that it had obtained approval from the Philippines’ Securities and Exchange Commission to list361 words
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231 1989-08-26 15 TAT LEE Bank the last of the six locally-listed banks to report its interim results has reported a net profit growth of 29.1 per cent at $10.9 million, in line with the buoyant results enjoyed by the rest of231 words
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708 1989-08-26 15 Sharemarket review UNABATED widespread profit-taking pushed prices down on a broad front on the Singapore stock market this week, and only a late recovery yesterday stopped the Straits Times Industrials Index from plunging even lower. Even then, the Index lost 26.31 points708 words
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129 1989-08-26 15 More dough but only half a cake MALAYAN Flour Mills’ interim pre-tax profits plunged by half to M 53.2 million (552.32 million) from last year’s M 56.68 million, despite an increase in sales. But due to an extraordinary gain of Msl.tB million from its sale of shares in Greenland Commodities129 words
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Article6791 1989-08-26 16 All shares quoted have a par value of $l, 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 Margin stocks. ABN is traded in lots of 106,791 words
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Article259 1989-08-26 17 Manager’s prices for August 26 28 Singapore Unit Trust The Commerce The Savings Fund Spore Prog Fund S pore Sec Fund S pore Invest Fund Spore Equity Fund 1 18-125 1 04-1 10 0 47-0 51 0 74 -0 79»d 083-0 88 056 0 60 Asia Unit Trust259 words
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Article684 1989-08-26 17 Friday August 25 HKI 2.975 0 025 Asia Sac Int’l 2 15 0 125 Ana Sac War 91 055 0 03 Bank of EA 14 00 0 30 Bond Corp Int'l 1 75 -0 02 Bond Corp War 91 0 79 -0 01 Cabla A Wirsless 89 00 unch684 words
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Article62 1989-08-26 17 THE Strait* Time* Industrials Index dropped ».31 point* on the week to 1,3*5.18 point*. Day-to-day Indices: MONDAY: 1,3*1.11 points (np 6.it); 163.28 m unit* (8173.28 m); TUESDAY: 1476.86 (down 16.15); 165.SSm units (SIMJ6m); WEDNESDAY: 1,376.74 (up 5.88); 116.21 m units (*****2 m); THURSDAY: 1457.26 (down 11.48); *****62 words
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Article58 1989-08-26 17 THE New Strait* Time* Industrial* Index roue 1.41 point* on the wfwk to Spoint*. MONDAY:' 2,***** point* (up 8.68); 58.81 m unite (valued M882.318m); TUESDAY: 2,424.16 (up 16.68); 58.827 unit* (M888.426m); WEDNESDAY: 2,428.76 (up 5.6); 61.88 m unite (M*****68m); THURSDAY: 2,487.66 (down 21.77); 48.326 m unit* (M886.155m);58 words
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Article48 1989-08-26 17 THE Hongkong Hang Seng Index (ell 5648 point* to 2416.78 on tlio MONDAY: 2428.75 point* (down 44.41); turnover HK8748.18 million; TUESDAY: *****6 (up 1441); HK8766.42 million; WEDNESDAY: *****1 (down 22.17); HK*****3 million; THURSDAY: 2,***** (down 2241); HK*****6 million; FRIDAY: 2416.78 (up 17.7); HK3717 mllMon.48 words
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416 1989-08-26 18 GOH ENG YEOW - By GOH ENG YEOW RIDING on the boom in car sales on both sides of the Causeway, Tan Chong Motor Holdings Bhd recorded a staggering 415-per cent increase in its interim pre-tax profit to hit an all-time high of416 words
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CORPORATE REVIEW
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Article678 1989-08-26 18 Compiled by JULIANA TAY AUDITED RESULTS Company Yaar to Group Nat Nat warnings Qroaa profit/loss (L) par share dividend (*000) (cants) Johan Hldgs Jon 89 M$7,8001 ($962) —(04) —I—) M A A Dec 88 M$2,998U$3,I37U —(—I Ms,o A,co Mar 89 M$634 ($1,003) 15(24) 3(3) Utd Malacca Apr 89 M$5.323l$3.9l I)Compiled by JULIANA TAY - 678 words
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270 1989-08-26 18 ROTHMAN’S Industries has managed to maintain its profit levels despite the adverse effects of the continual anti-smoking campaigns. For the financial year just ended June 30, group pre-tax profit amounted to $38.5 million, just 0.4 per cent over the previous year's figure.270 words
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319 1989-08-26 18 CHOW CHEE SUN - By CHOW CHEE SUN DIVERSIFIED book-seller Jack Chia-MPH Ltd and its subsidiary, HTP Holdings Ltd, are jointly acquiring 14.2 million shares or about 22.5 per cent in international trading group Boustead PLC from major shareholder IHD Holdings Ltd. JC-MPH said in a statement319 words
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261 1989-08-26 18 DIVERSIFIED book-seller Jack Chia-MPH Ltd and its subsidiary, HTP Holdings Ltd, are jointly acquiring 14.2 million shares or about 22.5 per cent in international trading group Boustead PLC from major shareholder IHD Holdings Ltd. JC-MPH said in a statement last Friday that261 words
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307 1989-08-26 18 LOSSES incurred in the stock market led to a 17-per cent drop in interim pre-tax profit to $1.6 million at Ming Court Hotel Ltd, the listed arm of property tycoon Ng Teng Fong. The hotel group suffered an investment loss of $674,000 for the307 words
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552 1989-08-26 19 ZHOU MEI - Indirect taxes collection up, but direct taxes down By ZHOU MEI in Business Times 9 THE Government raked in over $4 billion in taxes during the first six months of this year, up 27 per cent from the corresponding period552 words
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Article, Illustration403 1989-08-26 19 GOH ENG YEOW - By GOH ENG YEOW INCHCAPE BHD. which recorded one of its best performances last year, aims to begin the next decade with a multi-pronged strategy to expand its core businesses such as timber and services. The group will also be looking very actively403 words
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117 1989-08-26 19 NATIONAL Iron and Steel Mills has reported a 13-per cent dip in after-tax profit to $17.7 million for the six months to June 30. Singapore's only steel manufacturer also suffered an 18-per cent fall in interim operating profit to $24 million from $29.68 million117 words
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101 1989-08-26 19 THE number of Central Provident Fund investors making use of their compulsory savings to invest in stocks and shares has continued to increase. For the quarter ending June 31, 65,885 members have withdrawn $1.12 billion to invest in shares, convertible stocks and unit trusts101 words
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425 1989-08-26 19 MBT. KUALA LUMPUR One of the heaviest falls in the Kuala Lumpur Tin Market (KLTM) was recorded on Monday when the metal plunged M 51.20 (550.87) to M 521.40 a kg amid fears that an international trading house, believed toMBT. - 425 words
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Article255 1989-08-26 19 Company RIGHTS ISSUE Berjaya Corpn One-tor-one M$1.30 oer share Ex-date: July 21 Books close Aug 4 Acceptance Payment: Sep ’5 Hotel Prop One-tor-two $1.10 per sho r e with one detachable warrant Ex do*e; July 17 Books close: July 27 Acceptance Payment: Sep 4 Keppel Finance Issue of255 words
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Article362 1989-08-26 19 Company RIGHTS ISSUE Alcorn Caoital reduction f'om M$8> 56 to M$l6 3lm through a write-down o* M$i oo’ va'ue to M$0 20. followed by the consolidation o* tive o‘ the 20 sen sho'e into one shore ot M$' eocn Rights issue of *h-ee *0' one MJ0 8C Ayer362 words
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267 1989-08-26 19 KOH BEE ANN - By KOH BEE ANN DIFFICULT trading conditions led trading company. Intraco Ltd, to turn in an increase of only 5.2 per cent in after tax profits at $8.9 million although turnover went up 39 per cent. Trading profit dipped 29 per cent at half-time267 words
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FORUM
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More readers’ reactions to Singapore statement on US bases
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Article270 1989-08-26 20 THE recent announcement by Brigadier-General (Res) George Yeo, the Minister of State for Finance and Foreign Affairs, regarding Singapore being prepared to offer some facilities to the United States, has attracted many comments from neighbouring countries. Some of these comments were very critical. I find these270 words
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130 1989-08-26 20 IT SEEMS to be a common habit nowadays for some Malaysian politicians, media commentators and other characters to target Singapore for criticism in order to advance their own political or other objectives. One common justification used by them is that Singapore should be sensitive to130 words
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Article83 1989-08-26 20 THE Malaysians dream of declaring South-east Asia a Zone of Peace, Freedom and Neutrality (Zopfan) tomorrow. But if they really want it to be more than a mere dream, they should not be shouting and making irresponsible and unneighbourly remarks. Peace comes with mutual respect for each other’s internal83 words
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Article57 1989-08-26 20 IN LAST week’s Contact Y programme, some members In the discussion related how they proudly boasted to foreign friends and visitors of the MRT and the success of our port. To non-Singaporeans I meet locally and overseas, I have only one boast Mr Lee Kuan Yew, our57 words
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210 1989-08-26 20 I AM disturbed by Chang Koon Yuen's views on Singaporeans (“Singaporeans, speak up against unfounded statements" ST, Aug 16). If I read him correctly, he is unhappy that Singaporeans are not speaking up more than parties outside Singapore on this issue.210 words
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318 1989-08-26 20 I MUST question the AFP story in your paper (on July 24) which suggested that a government report had found that the State of Western Australia was a “racist state”. The federal government report to which it referred was a submission of anecdotal318 words
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Advertisement224 1989-08-26 20 '/TifShnits'niiH'sT l^ Now, keeping in touch with what’s happening in Singapore couldn’t be easier. Or more economical. Because all the major news of every week is condensed into one paper. The Straits Times Weekly Overseas Edition. Printed on lightweight paper in convenient tabloid size, it fills you in on the224 words
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Advertisement139 1989-08-26 20 THE Straits Times welcomes letters from you. Your letters must include your signature, full name, address, and home and office telephone numbers. They should preferably be typed, doubled-spaced, on one side of the paper. Brevity is an advantage. We do not accept for publication letters copied to us or, starting139 words
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Page 21 Advertisements
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Advertisement1208 1989-08-26 21 APPOINTMENTS VT NATIONAL UNIVERSITY OF SINGAPORE FACULTY OF BUSINESS ADMINISTRATION The Faculty of Business Administration comprises the following departments: Business Policy, Decision Sciences, Finance and Banking, Marketing and Organisational Behaviour. Senior Teaching Fellowships/Teaching Fellowships (Human Resource Management Specialists) Candidates should have at least a Master's degree and several years of1,208 words
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Page 22 Advertisements
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Advertisement1165 1989-08-26 22 APPOINTMENTS UCAR COATINGS RESINS TECHNOLOGY MANAGER Union Carbide, a world leader in the chemicals and plastics industry has an opening for its newly established regional laboratory in Singapore THE JOB: Provide customers with technical service, adapt parent company formulations to the local environment and assist in the organisation of technical1,165 words
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TIMESPORT
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XV SEA Games
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Article, Illustration547 1989-08-26 23 WILFRED YEO - SWIMMING by WILFRED YEO SINGAPORE swimmer David Lim took a thirdgold step closer towards his seven-gold heaven, but his compatriot Ang Peng Siong stumbled on the second leg of his five-gold pursuit at the Bandar Tun Razak Swimming Complex on Thursday. David547 words
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Article51 1989-08-26 23 G S B T INDONESIA 69 52 40 161 THAILAND 39 34 44 107 MALAYSIA 34 34 44 112 PHILIPPINES 17 27 34 78 SINGAPORE 12 17 21 50 BURMA 10 7 12 29 VIETNAM 3 9 3 15 BRUNEI 0 1 7 8 LAOS 0 0 051 words
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Article46 1989-08-26 23 G S B ATHLETICS 2 4 BOWLING 2 1 FENCING 1 3 2 HOCKEY 1 JUDO 1 KARATE 1 3 SHOOTING 2 SWIMMING 5 3 4 TABLE TENNIS 1 2 TRADITIONAL BOAT RACE 2 WATERPOLO 1 WEIGHTLIFTING 1 Last oigbt’s results not included.46 words
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Article, Illustration331 1989-08-26 23 PETER KHOO - ATHLETICS by PETER KHOO INDONESIAN Mardi Lestarl and Thailand’s Ratjai Sripet proved on Tuesday that they are the fastest runners in South-east Asia by convincingly winning the men’s and women’s 160 metres finals in Games record times. MARDI, 26, a bank officer, won comfortably from331 words
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211 1989-08-26 23 HARON MUNDIR’S burning ambition for a 200-metre gold went up in smoke on the final day of the athletics programme at Merdeka Stadium yesterday. The man who dampened the Singaporean's fire was none other than Indonesian sensation Mardi Lestari, who relegated the211 words
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Article351 1989-08-26 23 J RAJENDRAN - SOCCER by J RAJENDRAN A COMBINATION of good goalkeeping by Abdul Malek, luck, and a goal from out of the blue, enabled Singapore to escape with a 1-1 draw against Thailand in the Sea Games soccer competition at Cheras Stadium on Thursday night. Piyapong Pue-On, so351 words
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Article280 1989-08-26 23 GOLD SWIMMING: MEN David Lim 200 m freestyle, 4 x 200 m freestyle, 200 m back. Ang Peng Siong 100 m butterfly. Ng Yue Meng 100 m breast Kenneth Yeo, Desmond Koh, Irving Ng, David Lim (4 x 200 m freestyle). BOWLING MEN: Lim Choon Heng/Rahmat Ahmad280 words
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Article, Illustration687 1989-08-26 24 A challenge to new generation ‘to build upon our success for another 25 years’ THE new generation of Singaporeans has the resources and the opportunity to transform Singapore once again, just as the earlier generation had transformed it from a poor developing country to a687 words
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512 1989-08-26 24 ABBY TAN Manila - Asean MPs forum not the place to discuss security matters, says Singapore By ABBY TAN Manila Correspondent MANILA Singapore has refused to discuss Its offer to host some US military facilities at the 10th Asean Inter-Parlia-mentary Organisation (Aipo) meeting which began here512 words