The Straits Times : Weekly Overseas Edition, 18 November 1989
1989-11-18
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-11-18 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, NOVEMBER 18, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article633 1989-11-18 1 SHAUN SEOW - Economy grew 8.7 in third quarter By SHAUN SEOW WITH the economy having expanded by 9.1 percent in the first nine months, the Government now expects economic growth for the whole year to hit 9 per cent higher than its earlier forecast of 7.5 to633 words
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674 1989-11-18 1 KOH BEE ANN - By KOH BEE ANN THE Stock Exchange of Singapore will introduce an over-the-counter (OTC) market in January to trade foreign shares, including Malaysian, Hongkong, Thai and Australian stocks. The OTC market is one of the measures which would take the exchange closer674 words
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Article21 1989-11-18 1 PARLIAMENT will sit on Nov 29 at 12.30 pm, the Clerk of Parliament announced yesterday.21 words
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Article307 1989-11-18 1 KUALA LUMPUR Umno President Datuk Seri Dr Mahathir Mohamad and Spirit of ’46 leader Tengku Razaleigh Hamzah yesterday agreed to open talks on Malay unity without any preconditions. “The meeting can take place anytime. The sooner the better. There are no conditions,’’ Tengku Razaleigh said in307 words
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Article, Illustration613 1989-11-18 1 TAN LIAN CHOO - By TAN LIAN CHOO Bangkok Correspondent BANGKOK Foreign Minister Air Chief Marshal Siddhi Savetsiia said here on Thursday that his ministry was reducing its role in seeking a settlement on Cambodia as the situation there was no longer a direct threat to Thailand’s national613 words
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109 1989-11-18 1 KUALA LUMPUR Twen-ty-four Malaysian businessmen left here for Vietnam on Thursday to explore trade opportunities in the country whose war-ravaged economy is undergoing massive economic reconstruction. The trade mission, organised by the Kuala Lumpur and Selangor Chinese Chamber of Commerce and Industry, will be109 words
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Page 1 Advertisements
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Advertisement78 1989-11-18 1 Navy test-fires first anti-sub torpedo: Back Page HOME Sarawak pulls out of M-Cup and FAM after stadium fracas PAGE 23 Split in PAP 'simply not on the cards' PAGE 2 Litterbugs are turning Kallang River into an eyesore again PAGE 4 24-hour tailors draw fire from unhappy tourists PAGE 578 words
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Advertisement15 1989-11-18 1 ■MMHMMWHjI /•rvy.va~nnr*?>m 311*8 j«m ni *-wMp'w>t >unit»#Var* «UWH r n Membership has its privileges s15 words
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NEWS FOCUS
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Article, Illustration1262 1989-11-18 2 IN A recent interview with the Daily Telegraph, Prime Minister Lee Kuan Yew spoke about the People’s Action Party and the behaviour of Singapore voters. Among other things, he said the idea of a two-party system was alien to Singaporeans. He1,262 words
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855 1989-11-18 2 A SPLIT in ihe People’s Action Party is simply not on the cards, said a majority of those interviewed for their reactions to the Prime Minister's remarks. Some had never thought about such a possibility; others said it would not hapj>en in855 words
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Article, Illustration559 1989-11-18 3 CAROLINE CHAN - More than 120 sold on first day of sale By CAROLINE CHAN INTEREST in Batam properties among Singapore investors continues to rise as they snapped up more than 120 residential units and shops put up for sale on Monday at the launch559 words
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Article, Illustration520 1989-11-18 3 ONG MING SEING - By ONG MING SEING Washington Correspondent WASHINGTON Singapore’s offer to host some military facilities for the US has helped Manila become “less isolated” on the issue of renewing the lease of US bases, the Philippine Foreign Minister Raul Manglapus520 words
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Article, Illustration266 1989-11-18 3 MR RAYMOND Chow, the Hongkong movie mogul who created gongfu legends such as Bruce Lee and Jackie Chan, plans to establish a major presence here. Mr Chow, chairman of the Golden Harvest Group, said on Tuesday that his group was bidding266 words
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Article34 1989-11-18 3 THE MP for Braddell Heights, Mr Goh Choon Kang, will ask the Education Minister at the next sitting of Parliament if there is any measure to check fee increases in independent schools.34 words
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349 1989-11-18 3 CATHERINE C. ONG - By CATHERINE C. ONG Hongkong Correspondent HONGKONG Overseas investments in Hongkong’s manufacturing sector grew by 24 per cent last year but foreign investors now cite the territory’s political stability as their number one concern. In its latest survey, the government’s Industry Department found349 words
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399 1989-11-18 3 1911 AD. – CHL'A CHONG JIN - 1911 AD. CHL'A CHONG JIN. HONGKONG This territory has begun a major blitz to lure visitors back after the dramatic 20 per cent drop it suffered in June and July following the Tiananmen Square incident. The Hongkong Tourist Association has attributed the drop in399 words
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HOME
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Article, Illustration290 1989-11-18 4 JUST two years after the Environment Ministry successfully met Mr Lee Kuan Yew ’s challenge to clean up the Singapore and Kallang Rivers, cleaners are fishing out two lorry loads of rubbish from the Kallang River dally. The litterbugs are290 words
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167 1989-11-18 4 A HONGKONG resident caught with heroin while in transit at Changi Airport in 1984 was hanged at Changi Prison yesterdfay. Lau Chi Sing. 23, an ex-motor mechanic, is the first Hongkonger to be executed here. It is also the first time that a167 words
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Article, Illustration538 1989-11-18 4 Personal touch in dealings with public important, says Dr Hu A GRACIOUS society where service is provided promptly, politely and with a smile. That is the aim of a fiveyear programme developed by the Civil Service to improve the skills of its538 words
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Article, Illustration306 1989-11-18 4 UNION Rubber Brokers (URB), which suspended trading shortly after the death of its managing director, Mr Robert Lutton. has been placed under receivership, reports Business Times. The business paper said it understood that this followed a court order granting a petition by one of URB's306 words
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Article81 1989-11-18 4 A MYSTERIOUS explosion in a toilet manhole in the Kallang Indoor Stadium on Tuesday killed a plumber and injnred another. It is not known what substance exploded and the police are carrying oat investigations. The blast is believed to have been sparked off when plamber Tan Tuan81 words
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495 1989-11-18 5 LEONG CHAN TEIK - Number of complaints set to hit record annual high By LEONG CHAN TEIK MORE tourists are complaining about the prices or shoddy work of “24hour tailors” they went to. Two examples: Two pairs of shorts for $650; and a $2,500 bill for clothing495 words
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75 1989-11-18 5 STI DENTS going to Secondary 3 next year have been asked if they wish to take religious knowledge (RK) as an optional subject taught outside school hours and, if so, which of the six available courses they want. From next year, RK75 words
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387 1989-11-18 5 NON-DELIVERY OF SUIT: Australian tourist Mrs Brenda Acornley placed an order for a leather suit with Exclusive Master Tailors in The Paragon on June 5. She paid the full sum of nearly $2,090 using her credit card and travellers’ cheques. The tailor387 words
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Article, Illustration213 1989-11-18 5 HOURS after her father took out a $50,000 insurance policy on her life, a schoolgirl drowned in a Bedok condominium. Dunman High School student Tang Cheng Ngee, 15, had gone to the pool on Oct 30 with three friends after a game213 words
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Article46 1989-11-18 5 TRAFFIC police this week started a crackdown on road hogs following complaints that more and more motorists were holding up traffic and causing accidents by driving too slowly on fast lanes. Roadhogging carries a maximum fine of $l,OOO and three demerit points.46 words
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Article, Illustration219 1989-11-18 5 Business Times. CHANGI AIRPORT’S Terminal 1, which will be 10 years old in 1991, is to get a $2OO-million facelift once Terminal 2 is completed next year. The Civil Aviation Authority of Singapore (CAAS) also plans to study the feasibility of buildingBusiness Times. - 219 words
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173 1989-11-18 5 A 32-YEAR-OLD woman this week became the first person to be charged under the half-tank rule, which came into effect on April 17. Suvina Cheong was charged in a district court with trying to leave Singapore in a car which had173 words
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391 1989-11-18 5 DOMINIC NATHAN - By DOMINIC NATHAN SINGAPORE Airlines will recruit a counsellor to help its relatively young cabin crew cope with "boy-girl” problems and other personal or job-related problems. SLA cabin crew manager Robert Phun, in charge of crew services, told The Straits391 words
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101 1989-11-18 5 THE case against billionaire Kwek Hong Png, the founder of the Hong Leong group of companies, was this week adjourned for another two weeks. Kwek, 78, who is chairman of City Developments and a director of Hong Leong Holdings Limited, is accused of abetting101 words
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Article, Illustration247 1989-11-18 6 SOUTH-EAST Asia’s first test-tube quadruplets turned six months old last Tuesday, and they are well-behaved and a bundle of joy to their parents. Their tired but happy mother, who only wants to be known as Mrs Tan, 28, takes care of247 words
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316 1989-11-18 6 SINGAPORE is expected to be the site for an Asean meteorological centre equipped with state-of-the-art facilities like a supercomputer and the latest weather satellite data reception station. The proposed Asean Specialised Meteorological Centre would modernise the six member countries’ weather forecasting capabilities,316 words
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90 1989-11-18 6 A FORMER deputy chief dealer with the Arab Banking Corporation was charged in a district court last Friday with three counts of cheating the bank in Maylast year of $200,000. Tan Kia Pin, 30, is accused of deceiving the bank on three separate occasions90 words
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236 1989-11-18 6 THE consumer price index (CPI) for last month was 3.1 per cent higher compared with the same month last year, the largest so far this year. The costs of all items increased last month over the same month last year, according to236 words
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Article, Illustration556 1989-11-18 6 SUMIKO VAN - Too few candidates, so three new members to be co-opted By SUMIKO VAN THE Law Society will have to co-opt three new council members in January. because of the cool response to its recent election. For the first time in many years, there were556 words
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192 1989-11-18 6 THE United States Navy destroyer USS Kinkaid, which was damaged in a collision with a merchant ship in the Straits of Malacca sailed into Singapore on Tuesday for repairs at Sembawang Shipyard. A spokesman for the US embassy said the extent of repairs to192 words
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Article153 1989-11-18 6 THE parent company of Mount Elizabeth Hospital, National Medical Enterprises (NME), has bought over another private hospital, American Hospital, in Singapore for a reported $4O million. Mr Michael Ford, 47, senior vice-president of the international division of NME announced this at a press briefing this week The153 words
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145 1989-11-18 6 Bemama KUALA LUMPUR The High Commissioners to Singapore and Brunei this week received their letters of appointment from the Yang di-Pertuan Agong Sultan Azlan Shah. Datuk Zainal Abidin Mokhtar, 55, will succeed Datuk K Tharmaratnam as the new High Commissioner to Singapore.Bemama - 145 words
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Article82 1989-11-18 6 MORF, than a million Central Provident Fund members have yet to name their beneficiaries. The CPF Board, in Issuing a reminder to them to name their beneficiaries, said submission of completed nomination forms will ensure that the savings are quickly given out to beneficiaries in case82 words
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530 1989-11-18 7 DOREEN SIOW - City Dev and Kuok group said to be among them By DOREEN SIOW THE Ministry of National Development has acted against four developers by withdrawing their licences to sell their housing units before they are completed. The action was taken under the new530 words
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Article, Illustration629 1989-11-18 7 SUMIKO TAN - The Teo Soh Lung appeal By SUMIKO TAN THE Court of Appeal this week reserved judgment, at the end of a four-day hearing on Internal Security Act detained lawyer Teo Soh Lung’s bid to be freed. Queen’s Counsel Lord Alexander, for629 words
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447 1989-11-18 7 CONRAD RAJ - By CONRAD RAJ THE Monetary Authority of Singapore has urged finaneial institutions based here not to lend money to Vietnam until the Cambodian problem has been resolved. In a notice to all hanks, merchant banks and finance companies on447 words
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340 1989-11-18 7 GERRY DE SILVA - By GERRY DE SILVA WITH an eye on the current boom in the aerospace industry, Governmentowned Singapore Aerospace has mapped out a strategy to globalise its operations through acquisitions and joint ventures with foreign partners. The company, which is part of defence-related340 words
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Article, Illustration1814 1989-11-18 8 TAN EE SZE - More than 30 major programmes over 8 months to make it a year of joy By TAN EE SZE THE magic 25 will be celebrated in style. With more than 30 major programmes spanning eight months and a proposed1,814 words
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COMMENT/ Perspective
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Article, Illustration1208 1989-11-18 9 A NEW book evaluating the achievements of the Government and the people of Singapore over the last 25 years was launched this week. The 1,134-page book contains contributions from 56 academics, both local and foreign. Patrick DANIEL interviewed the editors, Kernial Singh1,208 words
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ABOUT THE EDITORS
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356 1989-11-18 9 THE only hint that Professor Paul Wheatley is anywhere near age 68 is the slight limp in his gait. Unlike other academics who lose their hair long before they contemplate retirement, he has trouble keeping his in its place, having to frequently sweep356 words
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362 1989-11-18 9 ASKED about rumours that he would soon be leaving his cushy position as Director of the Institute of South-east Asian Studies (Iseas), Professor Kernial Singh Sandhu turned on the charm. “I’m warm and ticking," he beamed “I’m just starting to get going.” The362 words
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across the CAUSEWAY
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Article, Illustration704 1989-11-18 10 KALIMULLAH HASSAN - Former PM agrees to attend Umno assembly By KALIMULLAH HASSAN KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad met former Prime Minister Tunku Abdul Rahman, the adviser to the Umno splinter party, the Spirit of '46. last Saturday for talks onNST picture. - 704 words
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465 1989-11-18 10 Bemama. KUALA LUMPUR A Committee of Inquiry set up by the Home Ministry has found that the director of Kajang Central Prison and another officer were directly involved in giving privileges to a prisoner. Abdullah Ang. when he was serving sentence inBemama. - 465 words
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153 1989-11-18 10 KUALA LUMPUR Two police reports were filed last Friday against an MP, Mr Tamrin Ghafar, following his call for the abolition of Chinese and Tamil primary schools in Malaysia. The reports were made by the youth sections of the Selangor Malaysian Chinese Association and153 words
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128 1989-11-18 10 Bernama, ap! KUALA LUMPUR A 37-year-old American was charged in a magistrate's court last Saturday with trafficking in 515 g of marijuana under the Dangerous Drug Act, which carries a mandatory death sentence on conviction. No plea was recorded from Kerry Lane Wiley, aBernama,; ap! - 128 words
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338 1989-11-18 10 KUALA LUMPUR The Malaysian Chinese Association plans to publish its proposals on the post-1990 national economic policy to explain its stand more clearly, said MCA President Datuk Seri Dr Ling Liong Sik. Dr Ling told a news conference after chairing a four-hour338 words
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149 1989-11-18 10 Bernama. KUALA LUMPUR A former detainee is to sue the Malaysian government for alleged ill-treatment during his detention, his lawyer said last week. Mr Abdul Rahman Hamzah, 55, was arrested on Sept 20 last year for alleged involvement in a plot to assassinateBernama. - 149 words
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CAUSEWAY/ ASEAN
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642 1989-11-18 11 KALIMULLAH HASSAN - Clearest sign that CPM surrender is imminent By KALIMULLAH HASSAN KUALA LUMPUR The Government announced on Thursday that it would lift dusk-to-dawn curfews along the East-West Highway and several other areas effective Dec 1. This is the clearest indication that642 words
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Article, Illustration370 1989-11-18 11 AFP, NST. KUALA LUMPUR Malaysia announced this week it was planning to ban log exports, a move which analysts said might deflect Western criticism that it is destroying some of the world’s last virgin tropical forests. Deputy Prime Minister Ghafar BabaAFP,; NST. - 370 words
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Article88 1989-11-18 11 KUALA LUMPUR Five men, believed to be members of an armed gang which robbed a finance company in Serdang near here, were shot dead by police in two separate shootouts last Friday. Police recovered the loot of $30,610 (5522.040), a Thai international passport, three revolvers,88 words
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Article177 1989-11-18 11 IPOH The police have ruled out sabotage and communist terrorist attacks as possible causes for the crash of a Royal Malaysian Air Force (RMAF) Sikorsky Nuri helicopter which killed all 21 people on board. The Director of Internal Security and Public Order, Datuk Zaman Khan,177 words
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Article, Illustration320 1989-11-18 11 BANGKOK THAILAND wants to shift its ties with the United States from a security relationship to one which emphasises economic cooperation, Thai and American officials told The Nation newspaper. The Thai English-lan-guage newspaper quoted the officials as saying that Thai Prime320 words
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Article, Illustration349 1989-11-18 11 YANG RAZALI KASSIM - By YANG RAZALI KASSIM JAKARTA President Suharto has instructed manpower planners in the country to train 50,000 workers for industry in Batam. The move, disclosed by Manpower Minister Cosmas Batubara, was in anticipation of factories shifting their base from Singapore to the Indonesian349 words
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163 1989-11-18 11 officials said. — TAN LIAN CHOO - officials said. TAN LIAN CHOO. BANGKOK The Asian Wall Street Journal has been banned in Thailand for publishing an article that the authorities said insulted the leader of Thailand's predominant Buddhist faith. A Special Branch police officer said the ban would be163 words
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133 1989-11-18 11 Agencies. JEDDAH (Saudi Arabia) The exiled leader of the Moro National Liberation Front, Mr Nur Misuari, has said the Aquino government was setting the stage for a “genocidal war” on the Muslim minority in the Mindanao region of the southern Philippines. He said that reportsAgencies. - 133 words
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COMMENT/ Pick of the week’s editorials
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Article657 1989-11-18 12 NOV 18. 1989 SINCE the Asean resolution on Cambodia was first tabled at the United Nations in 1979. it has received higher votes every year. Between 1979 and last year, the majority of the UN members supported the resolution because its object was clear657 words
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Article641 1989-11-18 12 NOV 17. 1989 THE yen may be powerful, but the Japanese do not have a strong yen to be a world power. This was revealed by Japanese participants at a symposium held recently in Tokyo to discuss Japan's role in the Pacific. Despite being an economic superpower,641 words
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Article620 1989-11-18 12 NOV 15. 1989 ONE may well understand if the People’s Association, with three decades of laudable service behind it, were to indulge in some back-slapping and self-congratulation. But the PA, which runs Singapore's community centres, was not content with doing only that at a major conference620 words
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746 1989-11-18 12 LIKE FATHER LIKE SON THERE are indeed few men today who, like their founding fathers of old, are stalwart lay leaders of temples of their faith (also faithfully the faith of their ancestors), sacrificing much of their time and personal funds to746 words
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Article138 1989-11-18 12 “When I resign I should really withdraw totally, I also believe I should not give the new leaders new problems.” China's elder statesman Deng Xiaoping telling a group of visiting Japanese businessmen that it is time he retired completely. “There is a very worrying trend. Increasingly, anyone critical138 words
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COMMENT/ Perspective
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Article, Illustration1159 1989-11-18 13 Decision by The Nation to open Phnom Penh bureau raises questions Bangkok Pearly last week. The Nation, one of Thailand’s two major English-lan-guage newspapers, announced that it had opened its first overseas bureau in Phnom Penh. That the paper should choose to expand1,159 words
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1266 1989-11-18 13 With Senior Citizens’ Week beginning today, HELEN CHIA examines the complexities of what it means to be a grandparent PICTURE this: A 50-year-old housewife prefers to work as a toilet attendant than stay home to look after her grandchildren. When pressed for a reason, she1,266 words
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TIME$
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857 1989-11-18 14 GOH ENG YEOW - Move could mark start of internationalisation of securities market By GOH ENG YEOW THE setting up of an over-the-counter (OTC) share market in Singapore is welcome news both for local and foreign investors, coming as it did amid ihe imminent delisting of857 words
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372 1989-11-18 14 S.H. LIM - S.H. LIM. SINGAPORE’S plan for an over-the-counter market trading in foreign shares, including Malaysian stocks, has not ruffled dealers in the Kuala Lumpur stock market. Many Malaysian brokers contacted said ‘‘we’U cross the bridge when we come to it”. However, some held a372 words
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Article143 1989-11-18 14 DBS Bank is introducing a new share price index to track the performance of the remaining companies listed on the Stock Exchange of Singapore (SES) after the total split with the Kuala Lumpur Stock Exchange. The DBS 50 Index, which is expected to be143 words
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210 1989-11-18 14 Bernama KUALA LUMPUR Malaysian stockbrokers should not be too confident that the business enjoyed by Singapore brokers from trading in Malaysian stocks listed on the Stock Exchange of Singapore will fall into their laps once the stocks are delistedBernama - 210 words
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88 1989-11-18 14 BUKIT Sembawang Estates Ltd has reported a 43-fold rise in pre-tax profit to $17.45 million for the halfyear ended Sep 30. 1989, from a mere $403,000 in the previous corresponding period. The group said the bulk of the profit arose from proper- ty sales88 words
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526 1989-11-18 14 LYNETTE ONG - By LYNETTE ONG A LABORATORY to develop smart card applications will be set up in Singapore by next year in a move to boost the use of this state-of-the-art technology here. The laboratory, to lx* set up under526 words
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247 1989-11-18 14 market. — CATHERINE C ONG - market. CATHERINE C ONG. HONGKONG Stockbroking firms in Hongkong may boast of having more sophisticated investment research, but it is a software house in Singapore that many are turning to for electronic investment data services. Investamatic, an investment research firm owned247 words
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Article, Illustration430 1989-11-18 15 TAN EE SZE - By TAN EE SZE THE Port of Singapore Authority will spend nearly $716 million on port development next year to meet an anticipated increase in demand, said Dr Hong Hai, Chairman of the Government Parliamentary Committee for Communications and430 words
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585 1989-11-18 15 PATRICK DANIEL - By PATRICK DANIEL THE National Wages Council is not only unnecessary but has probably also done some damage to Singapore’s strategy of achieving economic growth with low inflation. This is the thesis of a visiting economist. Professor Herbert Grubel, in a newbook on Singapore585 words
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Article148 1989-11-18 15 COUNTER RATES Singapore dollars to one unit of foreign currency US dollar Buying OD I 9475 Selling 1 9655 Sterling pound 3 0580 3.1094 Australian dollar 1 5069 1.5459 Canadian dollar 1.6600 1.6886 NZ dollar 1.1340 1 1675 Singapore dollars to 100 units of foreign currency Austrian schilling148 words
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Article89 1989-11-18 15 FROM this issue till the end of the year, the Singapore share prices come to you in two tables. The first carries price information for Singapore stocks listed on the Stock Exchange of Singapore, while the second covers Malaysian stocks listed on the SES. This89 words
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109 1989-11-18 15 CHEMICAL Company of Malaysia Bhd (CCM) has turned in’ a slight 2.1-per cent improvement in group pre-tax profit to M 528.9 million (5520.8 million) for the nine months to Sept 30. Turnover increased marginally to M 5355.9 million from M 5354.2 million previously. CCM109 words
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753 1989-11-18 15 Sharemarket review INSTITUTIONS and other big players continued to stay on the sidelines in yet another week of sluggish trading, which saw the daily turnover drop below the 40-million mark on two days. Some selective buying of index-related stocks, however, resulted in the753 words
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Article157 1989-11-18 15 ST Industrials Index THE Straits Times Industrials Index rose 5.70 points on the week to 1,337.69 points. Day-to-day indlees: MONDAY: 1,336.44 points (up 4.45); 40.44m units (valued $66.8m); TUESDAY: 1,333.25 (down 3.19); 34.97m units (971.40m); WEDNESDAY: 1,333.71 (up 0.47); 55.03m units (S128.65m); THURSDAY: 1,335.60 (up 1.88);157 words
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Article6904 1989-11-18 16 All shares quoted have a par value of SI, unless otherwise specified Adjusted for scrip/rights. N Tax-exempted 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 106,904 words
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Article707 1989-11-18 17 Friday November 1 HKS Allied Oversea* 091 ->004 Amoy Properties 290 ->0 02 Asia Sec Int'l 2 125 -t 0 025 A*ia Sec War 91 0 47 unch Bans of EA 16 80 unch Bond Corp Int’l 1 59 -0 02 Bond Corp War 91 0 63 unch C707 words
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609 1989-11-18 18 THE HDB’s first majorsale of sites to the private sector for commercial development has drawn a strong response from big name property players and major listed companies. An average of about 10 bids were received for each of the four609 words
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Article803 1989-11-18 18 Current Ei Booke Date Total tor Total lor payment dele clou payable the yaar last yaar A I S B 12% 161 Dec 27 Jon 11 Jon 23 12% 10% A M D B 2%(b) No. 16 Nov 30 Dec 29 2% A Enterprises 5% (I) Nov 3803 words
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103 1989-11-18 18 A TRADE delegation from Singapore comprising members of the French business community here will visit France next March to explore greater opportunities for bilateral trade. The mission will be led by France’s Ambassador to Singapore, Mr Bernard de Montferrand, and will include103 words
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Article572 1989-11-18 18 Week ended Nov 10 Compiled by JULIANA TAY AUDITED RESULTS Company Year to Group Nat Nat earnlnga Grosa proflt/loaa (L) par ahara dividend (’000) (centa) H leong Ind Jun 89 M$2I,365<$I0,789I 152(7 71 15(15) *MCA Re Jun 89 S6 063($2,796) l2KII2ol 64lllol Tongltoh Hldgs Jun 89 M$4 8521Compiled by JULIANA TAY - 572 words
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252 1989-11-18 18 THE Singapore foreign exchange market continued to display dynamic growth, with average daily turnover hitting US$62 billion (*****.90 billion) in the first nine months of this year, up from US$43 million last year and US$32 billion the year before. Dr Lee Boon Yang,252 words
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87 1989-11-18 18 UE and Wearnes buy 7.6 stake in US firm TWO Singapore companies, Wearnes Technology Pte Ltd and United Engineers Ltd both members of the OCBC Bank stable have bought a combined stake of 7.6 per cent in American-based Qume Corporation. According to a report in the Asian Wall Street Jour-87 words
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348 1989-11-18 19 LYNETTE ONO - LYNETTE ONO. GLAXO Holdings, one of the world’s largest pharmaceutical companies, will invest a further $250 million in Singapore, bringing total investments here to about $5OO million by 1993. Of the new investment. $2OO million will be spent on a new plant for348 words
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170 1989-11-18 19 THE Trade Development Board (TDB) is sending a trade delegation led by its chairman. Mr Alan Yeo. to Vladivostok and Moscow in the Soviet Union from Nov 22 to 29. The visit is at the invitation of the USSR Ministry of Foreign Economic Relations.170 words
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173 1989-11-18 19 SUMMA Sur.va International Ltd has announced that it had obtained control of Sim Lim Investments with a 64 per cent stake following its takeover offer which became unconditional on Thursday last week. Summa’s advisers, NM Rothschild and Sons (S) Ltd, said in a173 words
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Page 19 Advertisements
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Advertisement509 1989-11-18 19 §Kt( jp tit SINGAPORE PRESS HOLDINGS LIMITED (Incorporated in Singapore) ANNOUNCEMENT RESULTS FOR THE YEAR ENDED 31ST AUGUST 1989 The Directors have pleasure in announcing the audited results of the Group for the year ended 31st August 1989 GBQUP COMPANY Change Tho turnover of the Group improved in line with509 words
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VIEWPOINT
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Article, Illustration1504 1989-11-18 20 Dr Wang Kai Yuen feels that Singaporeans should accept and not feel overly nervous about people leaving the country, so long as their departures can be counterbalanced by population growth, either naturally or by immigration. He told CEPHAH TAN that they should be more1,504 words
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Page 20 Advertisements
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Advertisement141 1989-11-18 20 VCSCBMF IwwUli The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, die economy, investment opportunities, executive appointments... And highlights on Malaysia and Asean. A convenient tabloid airmailed to you wherever you may be. Every week. The Straits Times Weekly Overseas Edition.141 words
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Page 21 Advertisements
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Advertisement1065 1989-11-18 21 APPOINTMENTS M 1 SIIISSIII The Information Technology Challenge As a multinational corporation, BP recognises that its success today and tomorrow relies more and more on the appropriate, effective and efficient use of Information Technology. In order to meet this challenge effectively, BP is increasing its commitment towards building and maintaining1,065 words
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Page 22 Advertisements
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Advertisement1054 1989-11-18 22 APPOINTMENTS JSL JURONG SHIPYARD LIMITED SENIOR PERSONNEL OFFICER The candidate should possess at least a diploma or degree from a recognised tertiary institution with at least five years of relevant working experience The ideal candidate should have aood interpersonal skills and the ability to interact with the staff from various1,054 words
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TIMESPORT
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Article, Illustration820 1989-11-18 23 Shock move has approval of State Government NST. KUALA LUMPUR The Football Association of Sarawak pulled out of the Football Association of Malaysia and the Malaysia Cup quarter-finals in a shock move on Tuesday that had the approval of the Sarawak government.NST.; NST picture. - 820 words
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432 1989-11-18 23 COMMENT in the New Straits Times on the FAM Competitions Committee's decision to order a replay of the quarter-final tie after the Sarawak walkout. KUALA LUMPUR There should have been only one decision after the return-leg Malaysia Cup soccer quarter-final between Kuala432 words
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Article, Illustration475 1989-11-18 24 MATHEW PEREIRA - By MATHEW PEREIRA aboard RSS Victory A REPUBLIC of Singapore Navy (RSN) warship successfully carried out its first anti-subma-rine torpedo firing test in the South China Sea recently. The firing Ls the latest and one of the most critical tests in a series whichPictures by WONG KWAI CHOW. - 475 words
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Article, Illustration496 1989-11-18 24 SINGAPORE has urged the international community to press on with the search for a comprehensive political settlement of the Cambodian conflict. Dr Chan Heng Chee, Singapore's Permanent Representative to the United Nations, made the call on Thursday when she asked the United496 words