The Straits Times : Weekly Overseas Edition, 11 November 1989
1989-11-11
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-11-11 1 The Straits Times WEEKLY OVERSEAS EDITION Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89 SATURDAY, NOVEMBER 11, 198920 words
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Article, Illustration164 1989-11-11 1 f To describe the Chinese as responding better to w autocratic and authoritarian government is to caricature their Confucianist culture over 2,000 years old. The Confucianist view of government is that a ruler, or king, must he fair, just164 words
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Article, Illustration829 1989-11-11 1 CONRAD RAJ - Public will be offered shares By CONRAD RAJ THE Government has decided in principle to privatise Singapore Telecom and list it on the Stock Exchange of Singapore to give both local and foreign investors a chance to invest in what will829 words
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317 1989-11-11 1 KOH BEE ANN - By KOH BEE ANN THE Stork Exchange of Singapore on Thursday announced that Singapore companies should delist their shares from the Kuala Lumpur Stock Exchange by Dec 31, the same deadline the KLSE has set for Malaysian counters to be delisted from the317 words
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Article, Illustration559 1989-11-11 1 KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad will meet the country’s first premier, Tunku Abdul Rahman, today to work out a solution towards Malay unity. “The meeting will be at the Tunku’s residence,” Dr Mahathir said. He said it would be a meeting between559 words
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957 1989-11-11 1 PAUL JACOB - By PAUL JACOB: Canberra SINGAPORE’S transition of leadership from Mr Lee Kuan Yew to Mr Goh Chok Tong will see a change in the style and tone of Government, but not in the sub stance on fundamental policies, Brigadier-Gen-eral957 words
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Page 1 Advertisements
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Advertisement61 1989-11-11 1 INSIDE HOME Girl who got $400,000 from lover found hanged PAGE 7 Private clubs bar maids from premises PAGE 5 Love, marriage and a foreign husband: Call for equality PAGE 8 CAUSEWAY Malaysians who have left welcome to return: Minister PAGE 10 TIMESDOLLAR PAGES 14-19 How exchange split will affect61 words
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Advertisement13 1989-11-11 1 31b? «uwn n 4* JM« Ml 'atfoamc+agi acrawer Membership has its privileges s13 words
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NEWS FOCUS
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Article, Illustration764 1989-11-11 2 PAUL JACOB - Next stop is Singapore for further consultations By PAUL JACOB CANBERRA The initial moves towards establishing a forum for closer Asia-Pacific economic cooperation were taken here this week as ministers from 12 countries asked senior officials to start work on identifying concrete areas where such764 words
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254 1989-11-11 2 CANBERRA Asia-Pacif-ic ministers meeting here have acknowledged a debt to Asean for having sustained the momentum which brought countries from the region together to discuss greater economic co-operation. Although the idea of an Asia-Pacific forum was most recently mooted by Australian Prime Minister254 words
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712 1989-11-11 2 Catherine C. Ong - By Catherine C. Ong Hongkong Correspondent Hongkong’s role as a communication centre and listening post for happenings behind the Bamboo Curtain, and the territory’s media, which was among the most critical in their coverage of events leading up712 words
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514 1989-11-11 2 TAN EE SZE - By TAN EE SZE PETROL bombs going off, street battles, grim-faced soldiers on patrol media reports depicting such scenes have not deterred a small but growing number of Singapore students heading for universities in Northern Ireland. A recognised degree at an affordable budget514 words
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Article, Illustration677 1989-11-11 3 KOH BUCK SONG - Higher independent school fees will not force out any child Chok Tong By KOH BUCK SONG THE Government will ensure that no child will be denied a place in an independent school just because he cannot afford the fees, Mr Goh Chok Tong reiterated on Sunday. Asked to comment on677 words
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235 1989-11-11 3 PAUL JACOB - PAUL JACOB. CANBERRA Singaporeans, ex-Singaporeans and Australians who maintain ties with Singapore have set up an association here to help new arrivals settle in Australia. Mrs Rita Wong-Brooks, head of the Singapore-Aus-tralia Association, said it could serve as a link235 words
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Article181 1989-11-11 3 Reuter. HONGKONG Air travellers from Hongkong will have to hand-carry their own food on board or risk going hungry after hundreds of airport catering workers walked out of their kitchens yesterday. The strike is hitting out-ward-bound Singapore Airlines, Cathay Pacific, Dragonair and China Airlines flights. SevenReuter. - 181 words
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470 1989-11-11 3 THE leader of a Malaysian Youth Council (Majlis Belia Malaysia) delegation said this week he believed the fate and future of Malay Singaporeans were in the safe hands of good leaders in Singapore. Mr Syed Abu Bakar, who was here for470 words
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390 1989-11-11 3 SANDRA DAVIE - By SANDRA DAVIE A WESTERN Australian institution described by some students recently in a Sunday Times special report as "no better than a secondary school” is closing down, ostensibly for a year. The privately-run International Centre for Management Studies (ICMS), set390 words
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Article86 1989-11-11 3 A THAI construction worker was bitten on the leg by a crocodile while fishing in a river off Lim Chu Kang last Sunday. Mr Sawai Phimde, 31, is believed to be the first person in Singapore in recent years to have been attacked by a crocodile in86 words
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HOME
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Article, Illustration544 1989-11-11 4 RAV DHALIWAL - MRT will then link all major housing estates By RAV DHALIWAL A MASS Rapid Transit system linking all the major housing estates in Singapore will be feasible when the population reaches four million. The Minister for Communications and Information. Dr544 words
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Article, Illustration569 1989-11-11 4 FIRST Deputy Prime Minister Goh Chok Tong had more good news for MRT users, such as the Eastern line trains going all the way to Pasir Ris from Dec 16 ahead of schedule when he spoke at569 words
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71 1989-11-11 4 SINGAPOREANS don’t just prefer certain numbers, they are paying thousands of dollars for the privilege of owning a special telephone or pager number. Singapore Telecoms said the highest Md for a “golden” number was about SB,IN for a mobile phone number. The highest bid71 words
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Article, Illustration717 1989-11-11 4 AS LONG as incomes keep going up, the Government will find it increasingly difficult to curb car growth. National University of Singapore economics lecturer Fhang Sock Yong told the Parliamentary Select Committee on Transportation last Friday. As income levels717 words
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192 1989-11-11 4 THERE may be more of them to love. But Malay and Indian women, who are more prone to being overweight, according to a study, are also more likely to suffer diabetes. One in two Malay women is overweight or obese, as against one in five192 words
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583 1989-11-11 5 SERENA TOH - By SERENA TOH A FRENCH-DEVELOPED and so-called “instant” abortion pill, RU 486, which has raised a storm of protest in the West, will not be sold in Singapore. Local trials of the drug have also stopped, although the reasons for this583 words
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624 1989-11-11 5 FRANCESCA NATHAN - By FRANCESCA NATHAN NO MAIDS please unless they are guests. That is the policy of several private clubs which spoke to The Straits Times over whether they would allow domestic servants on their premises. In fact, the Tanglin Club would not624 words
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270 1989-11-11 5 THE Government has announced that it is willing to pay more for public sector projects to good local contractors in a move to improve the quality of construction work. Under a new scheme to be implemented in January, local contractors with a consistently270 words
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84 1989-11-11 5 THREE Singaporean businessmen have organised an international air-race from Paris to I.Angkawi and back. Mr Lee Buck (’boon, Mr Prithpal Singh and Mr (ierad de Vaz, three aviation buffs, have so enjoyed an air race they took part in two years ago, that they84 words
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Article, Illustration152 1989-11-11 5 MICHELLE Loh Mei Xuan, 23, a marketing executive, is Singapore’s latest ambassadress to the world when she walked off with the Miss Singapore Tourism 1989 title last Saturday. No new-comer to winning beauty titles, Michelle who was Miss Singapore World 1986 easily beat152 words
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237 1989-11-11 5 SCHOOLBUS driver Oh Laye Koh, already accused of the murder of a schoolgirl, this week faced another charge of the murder of a teenage waitress seven years ago. He allegedly murdered Miss Rohayah binti Mohamed Ali, an 18-year-old lounge waitress on Oct237 words
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Article138 1989-11-11 5 A WOMAN was believed to have poured kerosene over her body before setting herself ablaze with a match-stick at her Toa Payoh flat, a coroner’s court heard on Thursday. Krishnan Bhusbavathiamal, 37, a machine operator, was found with severe burns in the toilet of her138 words
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Article, Illustration163 1989-11-11 6 PRESIDENT Wee Kim Wee presented this year's top National Day awards to Public Service Commission chairman Lee Hee Seng (above, left) and Supreme Court judge Yong Pong How (right) last night. Both men received the Distinguished Service Order award, the highest award163 words
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544 1989-11-11 6 BEN DAVIDSON - He rejects chance to plead guilty to lesser charge By BEN DAVIDSON A CAR DEALER this week chose to stand trial for drug trafficking, knowing he will be hanged if convicted, instead of accepting an unusual prosecution offer not to proceed544 words
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100 1989-11-11 6 THIS year’s Dial-For-Man-darin hotline received a record of nearly 1.6 million calls from the public during its month-long operation. The service, which was set up as part of the Speak Mandarin Campaign last month, consisted of 17 Mandarin lessons on major Chinese festivals and100 words
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Article283 1989-11-11 6 SANDRA DAVIE - LIFE EXPECTANCY RISES TO 74 YEARS By SANDRA DAVIE SINGAPOREANS, both young and old. remained in good health last year, says the Health Ministry. the infant mortality rate went down, while life expectancy went up, according to figures released in the ministry's annual report for 1988. Average283 words
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421 1989-11-11 6 THE High Court has ordered Asiaweek to pay damages to the Bank of China for libel after striking out the Hongkongbased periodical’s defence as untenable. This ruling was made by a senior assistant registrar of the High Court421 words
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Article, Illustration79 1989-11-11 6 ONE of Singapore’s oldest women, Madam See Ah Leong (»beve), of Yishon, died this week after a short Illness, leaving behind a family of more than 260 descendants, ineluding “countless’’ great-great grandchildren, according to a family source. In her time, she has never been hospitalised79 words
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189 1989-11-11 6 INCREASING the cess rate on hotel rooms is “one of the options" the Trade and Industry Ministry is studying to meet the higher expenditure for tourism promotion. Thus was confirmed by Mr Mah Bow Tan, Minister of State (Trade and Industry),189 words
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Article, Illustration349 1989-11-11 7 Found hanged in her apartment in Osaka after he found new love A CABARET girl who was popular in the nightclub circuit here was found hanged in an apartment in Osaka, Japan, on Oct 30. One of her friends here, Madam Agnes349 words
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224 1989-11-11 7 IT MAY not be goodbye to the Rasa Singapura hawker centre and the Singapore Handicraft Centre after all. If more than half the shops or stalls in each of the two centres decided to move en bloc to one location, the224 words
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116 1989-11-11 7 THE principle architect of the Urban Redevelopment Authority (URA) got a “discount” when he bought roof-tiles for his home in Pasir Panjang Road, a district court was told. Instead of having to pay $3,505, he was charged $2,775 by Essen System Builders116 words
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Article, Illustration381 1989-11-11 7 FORMER Law Minister E.W. Barker has become the new chairman of the Stock Exchange of Singapore. Mr Barker, 69, a lawyer by training, retired from politics last year after serving as Member of Parliament for Tanglin since 1963. Besides his new appointment, he381 words
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Article, Illustration219 1989-11-11 7 SINGAPORE Broadcasting Corporation has beaten TV stations from 10 other countries to win the coveted 1989 ABl Television Prize for Its profile documentary on local artist Tan Swie Ilian (above). The prise was the most prestigious award to be won in the219 words
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212 1989-11-11 7 SIXTY-THREE people, mainly undergraduates, had food poisoning after a buffet dinner at Amara Hotel two months ago, a magistrate’s court heard on Thursday. They were among about 400 people who attended a dinner organised by Ken Air, a tour company, at212 words
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Article, Illustration495 1989-11-11 7 ELENA CHONG - By ELENA CHONG A FORMER senior executive of a commodities broking company was jailed for four years yesterday for cheating the firm by unauthorised trading. He did so with the futures contracts account of a client, hotel495 words
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79 1989-11-11 7 THE body of one of the three Singaporeans missing after the ship, Seacrest, was hit by a typhoon in the Gulf of Thailand, has been found. The body of Mr Jerry Lazaroo, 34, the ship’s storekeeper, was among the 15 found and identified79 words
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COMMENT/ Perspective
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Article, Illustration1567 1989-11-11 8 Love, marriage and a foreign husband a call by women for equality of treatment For a small group of Singapore women, the advertisements about the joys of marriage and having babies hold a certain irony. They have done exactly that. They have fallen in love, married and had children. But1,567 words
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873 1989-11-11 8 RUSSELL HENG - VIEWPOINT by RUSSELL HENG ONCE in a while, literary masochism visits. That means picking a column topic which requires a writing effort on a par with a nimble balancing act. The topic I speak of is the proposed law to873 words
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Article, Illustration1967 1989-11-11 9 Prime Minister Lee Kuan Yew was interviewed last month by A. Kadir Jasin, Editor-in-Chief of the New Straits Times. Part One of the interview was published in The Straits Times on Oct 18 (Overseas Edition: Oct 21). In this1,967 words
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1415 1989-11-11 13 The Malaysian Government has decided on a total split of the Kuala Lumpur and Singapore stock exchanges. Finance Minister Datuk Daim Zainuddin, in his Budget speech, called for action to delist 182 Malaysianincorporated stocks now listed on the Singapore stockmarket. This article1,415 words
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Article, Illustration1030 1989-11-11 13 ROSE ISMAIL - By ROSE ISMAIL New Sunday Times Growing differences between locally-trained Malaysian Malays and those who were educated overseas is an emerging trend which needs to be carefully monitored, says Royal Professor Ungku Aziz, former ViceChancellor of the Universiti of Malaya. According to him,1,030 words
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across the CAUSEWAY
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324 1989-11-11 10 But those who are no longer citizens will be treated like foreigners KUALA LUMPUR Malaysians who have emigrated are welcome to return, but those who have obtained foreign citizenship and want to come back will be treated like foreigners, The Star reported324 words
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106 1989-11-11 10 Bernama. Kl ALA LI'MPUR The government does not intend to accept professionals and skilled workers from Hongkong who wish to emigrate to Malaysia, a minister in the Prime Minister’s Department told the Dewan Rakyat. Datuk Dr Sulaiman Daud, who was replying to oppositionBernama. - 106 words
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122 1989-11-11 10 KUALA LUMPUR Datuk Abdullah Ahmad, MP for Kok Lanas In Kelantan, ha* been ordered to pay MsB.2 million (Ks 6 million) to Bank Utama (Malaysia) Berhad which arose from a loan agreement entered four years ago. High Court Senior Assistant Registrar Harmlndar122 words
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Article, Illustration430 1989-11-11 10 mapping, he added. Bernama, AP. AP. KUALA LUMPUR A senior Cabinet minister has said that some neighbouring countries have been spying on Malaysia by using satellites. He did not name the countries. The Minister for Science, Technology and Environment, Datuk Amarmapping, he added. — Bernama, AP.; AP. - 430 words
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214 1989-11-11 10 NST, AFP, Beraama. KUALA LUMPUR A total of 44 drug traffickers were sentenced to death during the first eight months of this year. Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad told Parliament. He said that for the whole ofNST,; AFP,; Beraama. - 214 words
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Article197 1989-11-11 10 KUALA LUMPUR The Government will not approve any applications to set up a fourth television station for the time being. Information Minister Datuk Mohamed Rahmat has told Parliament. Datuk Mohamed said the three existing channels were enough to meet the country’s present needs. He197 words
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Article44 1989-11-11 10 Be mama SRI AMAN (Sarawak) A soldier, Cpl Ramli Ismain, 32, was sentenced to death by a High Court here for trafficking 292 g of cannabis in November last year. The drug was found in his flat during a police raid.Be mama - 44 words
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454 1989-11-11 10 NST, uit: urcua ui iiiuiiiiict iiuiuti corporations. NST, Bernama. KUALA LUMPUR Finance Minister Datuk Paduka Daim Zainuddin has said that by early next year I,ahuan island in East Malaysia could be functioning as an international tax haven. Giving details of theNST,; uit: urcua ui iiiuiiiiictiiuiuti corporations. — NST, Bernama. - 454 words
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202 1989-11-11 10 KUALA LUMPUR The Pontian Land Office in Johor is concerned about the growing number of Malays who are selling their land in the district to non-Ma-lays, especially Singaporeans, The Star newspaper reported. A spokesman told the paper that more than 2,000 plots of land202 words
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Article179 1989-11-11 10 immediate effect. — PING UN - immediate effect. PING UN. KUALA LUMPUR The government has laid down a set of guidelines on the size of Bahasa Malaysia words used in commercial signboards. The Housing and Local Government Minister, Mr Lee Kim Sai, said that under the new ruling, the non-Malay words179 words
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CAUSEWAY/ ASEAN
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446 1989-11-11 11 ‘Party doesn’t want to be committed to decision’ KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad said the Democratic Action Party’s move last week to quit the National Economic Consultative Council (NECC) was a political ploy to enable it446 words
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126 1989-11-11 11 NST. PENANG The opposition Democratic Action Party (DAP) has listed three conditions for rejoining the National Economic Consultative Council (NECC). In a statement issued on Sunday, the party’s secretarygeneral, Mr Urn Kit Siang, said the DAP would reconsider Its stand if Umno ministers andNST. - 126 words
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110 1989-11-11 11 KUALA LUMPUR The Sultans of Pahang and Johor attended their first Rulers Conference on Wednesday since Sultan Azlan Shah of Perak was elected King in March. But the two sultans did not attend a banquet given later by the King. Palace sources said110 words
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Article44 1989-11-11 11 Bernama. KUALA LUMPUR Malaysia’s average consumer price index (CPI) rose 2.9 per cent over the first nine months of this year, the Statistics Department said. The CPI for September rose 0.2 per cent to 134.2 from 133.9 in August. Bernama.– Bernama. - 44 words
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346 1989-11-11 11 KUALA LUMPUR Malacca Umno Youth has said that the Malaysian Chinese Association’s Youth Wing was being extremist and unreasonable in demanding that the quota system be abolished in post-1990 economic policy, Berita Harian Malaysia reported last Friday. The Malay language daily346 words
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133 1989-11-11 11 KUALA LUMPUR The Malaysian examination syndicate on Thursday ordered nearly 241,in students to resit the Bahasa Malaysia n paper because of a leak. The Examinations Director of the Education Ministry, Datuk Mohamad Ghazali Mohamad Hanaflah, said in a statement. He said Education Minister Anwar133 words
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Article, Illustration327 1989-11-11 11 ABBY TAN - By ABBY TAN Manila Correspondent MANILA Politicians and other “influential people” who intend to ran for the general election in the Philippines in 1992 are raising their own private armies, the Philippine Constabulary said. Constabulary head Ma-jor-General Ramon Montano said that327 words
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338 1989-11-11 11 AFP WASHINGTON The largest US military bases overseas would be converted into an industrial complex, hog and chicktm farms and a new Hongkong if some Filipino experts had their way. The Philippine government has drawn up a list ofAFP - 338 words
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210 1989-11-11 11 JAKARTA Indonesian students should respond to social issues constructively and contribute directly to the country’s interests. Defence and Security Minister Benny Murdani was quoted as saying. The English-language Indonesian Observer newspaper reported Gen Murdani as telling students and lecturers from one of the210 words
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109 1989-11-11 11 Reuter. JAKARTA The Indonesian government has censored Newsweek’s Nov 6 issue, removing five pages on Indonesia, a government official said. The US weekly magazine contained a long article alleging there was mounting opposition to a sixth term for President Suharto, whose present term ends– Reuter. - 109 words
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COMMENT/ Pick of the week’s editorials
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Article658 1989-11-11 12 NOV 11. 1989 THE opening of the Berlin Wall on Thursday, the first time since it was built 28 years ago, seems inevitable. It is but one of the many dramatic developments that have taken place in Eastern Europe this year. All of them took658 words
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Article625 1989-11-11 12 NOV 10. 1989 RECENT unconfirmed reports from Thailand indicate that the Communist Party of Malaya (CPM) may be about to give up its 41-year-old struggle for the control of Malaysia and Singapore. There are several reasons for believing that this is more than mere speculation.625 words
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Article642 1989-11-11 12 NOV 7. 1989 AT one level, it is very easy to accept whyindependent schools have to increase their charges next year. The improvements in independent schools are there for all to see smaller classes and special programmes. Similarly, the higher cost should be evident. These642 words
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658 1989-11-11 12 O VALIANT HEARTS TOMORROW is Remembrance Sunday. Its highlight will be a ceremony parade plus a multi-religious service at Kranji War Cemetery in honour of the war dead. On Remembrance Sunday, we remember especially our fallen comrades in the last world war.658 words
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Article168 1989-11-11 12 “I wished I worked or lived near an MRT; then I'll be using the MRT all the time. But unfortunately I don't work near one or live near one.” Dr Yeo Ning Hong, Minister for Communications and Information, lamenting in an interview with The Straits Times last week168 words
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TIME$
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439 1989-11-11 14 The KL-Singapore stock market split HOW will the delisting of Malaysian counters affect the SES? The SES will lose 182 counters about only two-thirds of them are actively traded from its list, reducing the total number of companies listed by more than439 words
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516 1989-11-11 14 KUALA LUMPUR Bernama FINANCE Minister Datuk Paduka Daim Zainuddin has said local stockbrokers should fake advantage of the split of the local and Singapore stock exchanges and brace themselves for an estimated Ms4s-million (Ss32 4 million) rise in brokerage fees. SayingBernama - 516 words
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158 1989-11-11 14 DBS BANK has reacted to the announcement of the Kl.-Singapore stock exchange split by becoming the first local bank to set up a unit trust tund which will invest mainly in Malaysian growth stocks. The Malaysia Growth Fund is expected to158 words
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337 1989-11-11 14 KUALA LUMPUR Sime Darby Bhd will delist its shares from the Stock Exchange of Singapore but would at the same time list the shares of its wholly owned subsidiary, Sime Darby Singapore Ltd, on the SES in January. Chairman Tun Ismail Ali said337 words
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919 1989-11-11 14 PATRICK DANIEL on THE BIG SPLIT AMID the continuing fallout over Kuala Lumpur’s decision to sever completely its stock exchange links with Singapore, two recent international deals involving listed companies were swept away from the limelight rather too919 words
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50 1989-11-11 14 AFP. MANILA The Malay-sian-based Kuok group is to invest about two billion pesos (*****.57 million) In the Philippines over the next three years, Businessworld newspaper reported here. Planned projects include the construction of two hotels in Cebu province, banking, and property development. AFP.AFP. - 50 words
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Article, Illustration601 1989-11-11 15 DOREEN SIOW - First results as media group exceed analysts’ forecasts By DOREEN SIOW MEDIA group Singapore Press Holdings Ltd has achieved a 25.9 per cent jump in pre-tax profit to a record $135.42 million for the year ended Aug 31. The restructured SPH group,601 words
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371 1989-11-11 15 MAGDALENE NG - MAGDALENE NG THE Singapore government is stepping up its privatisation programme and early next year, market players should be able to invest in a governmentlinked property group. Business Times understands that the Urban Development and Management Co (UDMC) might be floated early371 words
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Article156 1989-11-11 15 COUNTER RATES Singapore dollars to one unit of foreign currency US dollar Buying OD I 9470 Selling 1.9650 Sterling pound 3 0690 3.1204 Australian dollar 1.5193 1.5582 Canadian dollar 1 6624 1.6910 NZ dollar 1 1327 1.1662 Singapore dollars to 100 units of foreign currency Austrian schilling *****3156 words
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351 1989-11-11 15 ASSET-TRADER United Industrial Corporation, which sold The Paragon and an adjoining piece of land for $690 million, has revised its extraordinary gain of $314 million from the sale down to $292.4 million. This was because the company found it necessary to take351 words
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758 1989-11-11 15 Sharemarket review SHARE prices on the Singapore stock market closed the week on a generally firmer note yesterday, after four days of dull trading which saw total turnover shrink to barely above the 200-million mark, the lowest weekly volume in many months.758 words
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Article161 1989-11-11 15 ST Industrials Index THE Straits Times Industrials Index rose 1.2# points on the week to 1,331.99 points. Day-to-day indices: MONDAY: 1,322.83 points (down 7.96); 31.38m unite (valued 357.27m); TUESDAY: 1,321.84 (down I.N); 48m unite (373.52m); WEDNESDAY: 1,321.31 (up 1.47); 38.89m units (378m); THURSDAY: 1,325.24 (up 3.13);161 words
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Article6907 1989-11-11 16 Al shores quoted have a par value of $l, unless otherwise specified. Adjusted for scrip/ri|hts. N Tai-eiempted dividend. P/E ratios and cross yields of foreicn shares are adjusted for currency differences. Trustee stocks under CPF Approved Investment Scheme, t Margin stocks. ABN is traded in lots of6,907 words
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Article545 1989-11-11 17 Mte, rtiT.m*., H MM Allied Ovtruu 0 97 unch 3075 unch Asia 8sc Int'l 2 tO 006 Asia Sec War 91 047 •0 06 Bank of EA 19 SO •0 10 Bond Corp Int'l 1 62 0.01 Bond Corp War 91 062 -001 C.P Pekphand 093 unch C P545 words
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Article246 1989-11-11 17 Manager’* pricaa for Novambar 11 6 13 Singapore Unit Trust The Commerce 1.18 —1.25 The Savings Fund 101—1 07 S pore Prog Fund 0.45—0 49 Spore Sec Fund 0.75—0.80 S’pore Invest Fund 0 77—0.82 S pore Equity Fund 0.56—0.60 Asia Unit Trust Mai Invest Fund 1.58 —1.67 Mai246 words
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Article, Illustration606 1989-11-11 18 DOREEN SIOW - Rising property prices in Orchard Road cited as reason By DOREEN SIOW property prices in Orchard Road have led Japanese retail giant Seibu Department Stores Ltd to abort its joint-ven-ture plans with the Metro Holdings group. Seibu and Metro had signed606 words
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Article76 1989-11-11 18 SHIPBUILDER Singmarine Industries Ltd is planning to raise $ll4 million through the issue of US$3O million in unsecured bonds and $54 million in unsecured bonds with warrants. Of its first fund-raising call since its listing in October 1981, Singmarine chairman Loh Wing Slew said on Wednesday76 words
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Article966 1989-11-11 18 Current Ex Books Dele Total for Total for peyment dele do## peyeMe the year lest yea A 1 S B !2%lbl Dec 27 Jon 11 Jan 23 12% 10% A M D B 2% lb) Nov 16 Nov 30 Dec 29 2% 1% A Enterprises 5% III Nov966 words
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314 1989-11-11 18 HONG LEE TIAM - By HONG LEE TIAM in Business Times THE delisting of Malaysian stocks from the local bourse has put finance companies in a quandary they are not sure if they can still hold Malaysian shares as collateral. Under Section 23b of the Finance314 words
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Article129 1989-11-11 18 FROM Jan 1, the interest rate for Central Provident Fund savings will be raised to 3.77 per cent from the present 3.39 per cent. This new interest rate will apply for the first half of next year and is a simple average of the month-end129 words
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328 1989-11-11 18 GOH ENG YEOW - By GOH ENG YEOW TWO of Singapore’s Big Four Local Banks have assured investors that they will continue to accept shares of Malaysian companies listed on the Stock Exchange of Singapore as collateral under their margin trading328 words
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541 1989-11-11 19 STEVEN PAK - By STEVEN PAK SINGAPORE retained its number two position among the world’s most creditworthy countries, according to the latest survey by Washington-based risk analysts Business* En vironment Risk Information Ltd (Beri). Taiwan topped Beri’s Forelend study for international lenders, which covered541 words
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Article, Illustration91 1989-11-11 19 LOCAL conglomerate Keppel Corporation Ltd has appointed Mr Urn Hock San, 43 (above). DirectorGeneral of Civil Aviation, to its board of directors. Mr Lim, a fellow of the Chartered Institute of Management Accountants, is also a member of the NTUC Investment and Cooperative Committee91 words
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Article356 1989-11-11 19 Company RIGHTS ISSUE Ayer Hitam Tin One-for-three M$l 30 per ihore Ex-dote- Oct 12 Books dose: Oct 26 Acceptance 1 Payment- NYA Eu Yon Song Renounceobte one-tor-one rights issue of $8 98m 3% unsecured loan stock 1909/1994 at par One TSR will be allotted tor every two $1356 words
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Article279 1989-11-11 19 Company RIGHTS ISSUE A Enterprises Three-tor-tour Qt M$2 30 per shore Ambassador Two-for-one $1 10 per shore C 1 Holdings Issue of 27mloon stocks in the ratio of $3 loon Stock tor every five ordinary shores held f ACB One for one MJ060 per shore Faber Merlin One-for-one279 words
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Article490 1989-11-11 19 Week ended Nov 3 Compiled by JULIANA TAY AUDITED RESULTS Company Yaar to Group Nat Nat aamlnga Groaa profit/loea (L) par ahare dividend (’000) (canta) Centrapoint Jun 89 $4 416b($2.223b) 39(24) 2(2) Cold Storage Jun 89 l5.068b($5.230t>) *****) 29(79) FAI Ins Jun 89 A$60.043<$ 173,864) 26 5(77 3)Compiled by JULIANA TAY - 490 words
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343 1989-11-11 19 DIVERSIFIED Malaysian conglomerate Malayan United Industries (MUI) has proposed a l-for-2 bonus and rights issues. It also announced some changes in management at the top level. MUI said in a statement on Monday that the bonus would involve the issue of 170.64 million343 words
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FORUM
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799 1989-11-11 20 C If we are to appreciate all the w things that our neighbourhood has to offer, we have first to learn that such things exist. But more importantly, we have to learn how to enjoy them. J FIRST Deputy Prime799 words
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263 1989-11-11 20 I AM very heartened by the recent statement by the Prime Minister, Mr Lee Kuan Yew, in Kuala Lumpur regarding the Malay fees proposal. It cleared away the uncertainty which has been looming over the past few months since the idea263 words
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85 1989-11-11 20 WE REFER to the letters from Ms Fong Foong Sin and Mr Ang Theng Eng on the subject of religious broadcasts (ST, Oct 18 and 24). The broadcast of religious programmes on radio is under review. Matters of religious concern have to be deliberated carefully and85 words
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Page 20 Advertisements
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Advertisement224 1989-11-11 20 77K*StniitsTniH-sT»r" 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 the latest224 words
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Advertisement132 1989-11-11 20 Dear Readers 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 from writers who132 words
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Page 21 Advertisements
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Advertisement1033 1989-11-11 21 APPOINTMENTS SCITECH MEDICAL PRODUCTS PTE LTD GENERAL MANAGER Health Care Products Attractive remuneration package plus car We are a Singapore based multi-national company with a record of growth and success. To provide greater momentum to our ambitious and exciting development programme, we are looking for a dynamic professional to be1,033 words
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Page 22 Advertisements
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Advertisement1032 1989-11-11 22 APPOINTMENTS PERSONNEL OFFICERS We are an established group of Companies in trading and retailing business. To strengthen our human resource management needs, we seek organisation oriented people to join us as PERSONNEL OFFICERS in the fields of Recruitment, Benefits Administration, or Training. This is an excellent opportunity for young graduates1,032 words
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TIMESPORT
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Article, Illustration524 1989-11-11 23 JOE DORAI - Geylang, Balestier and Jurong eye European players By JOE DORAI SINGAPORE’S two-year-old Semi-Pro Premier League competition will boast an array of foreign footballers, among them Australians. Swedish, Finnish and West Germans, for the coming season next year. Spearheading the foreign invasion will be524 words
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MALAYSIA CUP QUARTER-FINALS (FIRST LEG)
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280 1989-11-11 23 SELANGOR bowed oat of the Malaysia Cap competition last night after chasing a hopeless task of needing a 7-goal win against Pahang to qualify for the semi-finals. They were only able to draw 2-all, giving Pahang victory by an aggregate 8-2 margin. In280 words
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Article115 1989-11-11 23 KUCHING Sarawak, cheered on by a 30,000 home crowd, beat Kuala Lumpur 2-1 here Saturday night. They played without ace striker Pengiran Bala, who was injured during a pre-liminary-round tie against Kedah. The determined team played their hearts out to earn the victory.115 words
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270 1989-11-11 23 SHIRLYNN HO - By SHIRLYNN HO SINGAPORE’S Grace Young, the most bemedalled bowler at this year’s South-east Asia Games with two golds, a silver and two bronzes, will represent the Republic at next month’s World Cup championships in Dublin. Rahmat Ahmad will be Singapore’s representative in270 words
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Article, Illustration288 1989-11-11 23 TAY CHENG KHOON - By TAY CHENG KHOON GOLFER Samson Gimson’s week-old professional career has been given a $lBO,OOO boost. Singapore’s South-east Asia Games gold medallist this week signed a twoyear contract with Sunrise Corporation to use Yonex clubs and accessories. Under the agreement, he will be288 words
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241 1989-11-11 23 TAN THEAN LOON - By TAN THEAN LOON FOUR of the five Bukit Timah classics have been reshuffled next year in a move to end the racing season in Singapore with a bang. The Singapore Gold Cup and the Singapore Derbyhave been pushed back to the241 words
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Article118 1989-11-11 23 KANGAR Perlis and Perak shared the spoils when they drew 2-2 here last Saturday They play their return match tonight. Perlis took the lead in the 18th minute through a goal from contract player Mohamad Kamal Yahaya, who received a pass from Somkeat Fongphet. Isham Shahruddin118 words
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123 1989-11-11 24 NST, AFP. KI’ALA LUMPUR A Royal Malaysian Air Force helicopter with 21 people, including a woman and two children on board, is missing In a hilly area in northern Perak state, a top police official said. “We have mounted a massive search but soNST,; AFP. - 123 words