The Straits Times : Weekly Overseas Edition, 9 December 1989
1989-12-09
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The Straits Times : Weekly Overseas Edition
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Title Section20 1989-12-09 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, DECEMBER 9, 1989 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration622 1989-12-09 1 TAN LIAN CHOO - He disappears mysteriously after signing pact By TAN LIAN CHOO Bangkok Correspondent HAADYAI Just as mysteriously as he appeared last Saturday, after more than 30 years in hiding* Chin Peng, the titular leader of the outlawed Communist Party of Malaya, has disappeared. Thai military622 words
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Article, Illustration411 1989-12-09 1 Govt to spend s3oom in next three years to upgrade facilities MORE than $550 million will be pumped into a development scheme to further boost Sentosa as a premier holiday resort in the region. In the next three years, the Government will spend411 words
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49 1989-12-09 1 KUALA LUMPUR The Malay unity talks between Prime Minister Datuk Seri Dr Mahathir Mohamad and the opposition Spirit of ’46 leader Tengku Razaleigh Hamzah will be held on Tuesday. The announcement was made by Tengku Razaleigh at a dialogue session here last night. Bemama.49 words
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Article, Illustration93 1989-12-09 1 BANK executive Mrs Noor Quek having a tearful reunion with her daughter Nadia at Changi Airport after her return from a Manila “nightmare”. Mrs Quek was one of the 30 Singaporeans who were flown home by SLA after they were safely brought out of the besieged Makati financial93 words
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Page 1 Advertisements
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Advertisement79 1989-12-09 1 INSIDE Manila coup bid: Abbv Tan meets rebel leaders face-to-face PAGE 4 HOME World-class aviation training centre to be set uo in Singapore PAGE 7 Singapore tirm lands s96m deal to build rear doors tor Airbus PAGE 9 Mandarin Hotel GM Sonnie Lien cuts off ties with OUE group PAGE79 words
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Advertisement4 1989-12-09 1 <?' Membership Has Its Privileges4 words
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NEWS FOCUS
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441 1989-12-09 2 TAN LIAN CHOO - By TAN LIAN CHOO Bangkok Correspondent HAADYAI After waging an armed struggle tnat spanned four decades, the outlawed Communist Party of Malaya (CPM) last week signed truce pacts that called for its remaining force of 1,188 guerillas to lay down441 words
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Article, Illustration319 1989-12-09 2 armed struggle.” — TAN LI AN CHOO - armed struggle.” TAN LI AN CHOO. HAAIIVAI The agreement by more than 1,110 guerillas of the outlawed Communist Party of Malaya (CPM) to lay down arms did not amount to their surrender but was instead an “honourable settlement”, CPM leader ChinPicture by WONG KWAI CHOW . - 319 words
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Article249 1989-12-09 2 and the CPM. — KALIMl'Ii-LAH HASS AN - and the CPM. KALIMl'IiLAH HASS AN THE main points of the peace agreements signed by the Communist Party of Malaya (CPM; and the Thai and Malaysian governments were summed up in a fourparagraph joint communique the only official document released to newsmen gathered in Haadyai. The249 words
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Article630 1989-12-09 2 We reproduce below excerpts from the question-and-answer session at the press conference given by Chin Peng, as recorded by our Bangkok correspondent TAN LIAN CHOO and KALIMULLAH HASSAN, our stringer based in Malaysia. Q: How many CPM members will remain in Thailand and how many will return630 words
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Article, Illustration1605 1989-12-09 3 TAN LIAN CHOO - By TAN LIAN CHOO Bangkok Correspondent Chin Peng, head of the outlawed Communist Party of Malaya, last Saturday put his signature to an accord to end the CPM’s 41-year-old armed struggle to bring down the governments in Malaysia and Singapore. The signing ceremony, which1,605 words
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The Philippines coup bid
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Article, Illustration734 1989-12-09 4 Our Manila correspondent Abby Tan meets rebel leaders in Makati Manila Face to face. Meeting the rebel leaders holding Makati hostage filled me with shock and sadness. Shock at what they had done; sadness that these young men of the734 words
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540 1989-12-09 4 AP Manila Filipino humour survives in the worst of times. Even during a bloody coup attempt. Jests abound that disgruntled soldiers launched the coup attempt against President Corazon Aquino last Friday because their favourite basketball team in the local professional league, theAP - 540 words
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Article, Illustration233 1989-12-09 4 YAP KENG PENG - By YAP KENG PENG ALL the 130 Singaporean tourists and residents trapped in Manila's Makati district since last Friday's coup attempt in the Philippines were moved out of the area by noon on Wednesday during a daylong ceasefire. Returning Singaporeans on SIA flight SQPicture by ALPHONSO CHAN. - 233 words
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285 1989-12-09 4 Two Singaporeans who returned to the Republic on SQ 73 spoke of their experiences over the last few days. Mrs Noor Quek, the deputy managing director of a bank, praised the Singapore Embassy in Manila. She described the embassy staff’s handling of285 words
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HOME
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Article, Illustration924 1989-12-09 5 CHUA CHONG JIN - Scheme in line with Govt’s ‘single session by mid-90s’ aim By CHUA CHONG JIN MORE and larger schools are to be built under a new building programme, costing more than $5OO million, to get all secondary schools to go single session by the924 words
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124 1989-12-09 5 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad arrived here yesterday with his family for a three-day private visit. He was accompanied by his wife, Datin Seri Dr Siti Hasmah, and four of their children. Dr Mahathir, who studied medicine here from 1947124 words
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352 1989-12-09 5 SINGAPORE Airlines has made it to the top again. It won top honours in recent polls done by three influential international magazines. These add to an already long list of awards won by the airline this year, including352 words
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Article, Illustration242 1989-12-09 6 THE stars will appear nearer and 3,2(55 times brighter through the main telescope of South-east Asia’s latest, and largest, observatory. The $1 million observatory, at the Singapore Seienee Centre, was officially opened last week by Kduration Minister Tony Tan. Because Singapore242 words
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Article, Illustration542 1989-12-09 6 SALIM OSMAN - By SALIM OSMAN MALAY students at Singapore Polytechnic lag behind the others in their first and second years, but surpass them by a small margin in the third and final year. This542 words
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279 1989-12-09 6 LYNETTE ONG - By LYNETTE ONG COMPANIES here should recruit graduates from overseas to meet the shortage of more than 1,000 Information Technology (IT) professionals over the next three years, said Dr Tay Eng Soon, Senior Minister of State for Education. To tackle279 words
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Article, Illustration128 1989-12-09 6 A GIRL who had given the “kiss of life” to another girl on Sunday was found dead at the bottom of her hloek of flats In Telok Rlangah the same night. Miss Chen Guozhen, 11 (above), who took her Olevel examinations recently,128 words
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406 1989-12-09 6 BANDAR SERI BEGAWAN Brigadier-General (Res) Lee Hsien Loong, who mooted the idea of nominated MPs, said here last week that the plan would allow a hitherto untapped pocket of opinion to be heard directly in Parliament. He said although the406 words
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157 1989-12-09 6 VENDING machines which dispense shavers, toothbrushes, panty-hose and even condoms, have arrived but most hotels, pharmacies and private clubs are giving them the thumbs down. Four such machines have been installed two at Yaohan Or- chard and another two at the East157 words
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Article, Illustration423 1989-12-09 7 Multi-million dollar complex will be ready by 1992 A NEW world-class aviation training academy that will tackle current issues like airport security and train airport management staff like air traffic controllers will be set up in Singapore. To be known423 words
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270 1989-12-09 7 BY next year, the National University of Singapore (NUS) will have the largest campus-wide computer network in the Asia-Pacif-ic, linking more than 2,000 personal computers and workstations. The multi-vendor network contract, won by Hewlett Packard (HP), will link 93 academic270 words
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120 1989-12-09 7 MOST cigarette brands now sold in Singapore about 90 per cent have low tar and nicotine levels. The Health Ministry is confident that by the Dec 15 deadline, all brands sold here will not exceed a limit of 15 mg of120 words
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Article, Illustration140 1989-12-09 7 New uniforms will cost airline $2 million FROM next year, male cabin crew of Singapore Airlines will have a newuniform designed by Lanvin of Paris. The uniform will feature a single-breasted jacket made of lightweight wool, pleated trousers and a tie. Outlook, SlA’s in-house magazine, saidPicture by courtesy of Outlook magazine. - 140 words
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Article68 1989-12-09 7 THE Singapore office of international Business Machines Corp will not be affected by its parent company’s move to trim its American workforce by at least 10,000 people by the end of next year. Mr John Wong, managing director of IBM Singapore, said that the costcutting68 words
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283 1989-12-09 7 THE public has been invited to give its views on the proposed legislation for nominated Members of Parliament (NMP) for consideration by a Parliamentary Select Committee. The closing date for written representations on the Constitution of the Republic of Singapore (Amendment No. 2)283 words
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124 1989-12-09 7 PRIME Minister Lee Kuan Yew and Mrs Lee will be leaving today for a private visit to Penang and Kedah. Mr Lee will spend four days on Penang island, two days in Alor Star and another two days on Pulau Langkawi.124 words
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Asia-Pacific Press Convention
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397 1989-12-09 8 WESTERN-STYLE capitalism and democracy are neither necessary nor sufficient ingredients for a country to achieve economic, social and political success. This point was made hv Dr Yeo Ning Hong, the Minister for Communications and Information. at an international gathering of397 words
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Article, Illustration659 1989-12-09 8 THE division between the Western and Eastern concepts of press freedom boils down to just four words: “My Right", and "My Duty", former Singapore diplomat and journalist. Mr Lee Khoon Choy. said. Mr Lee made the point at the last session659 words
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385 1989-12-09 8 ONE newspaper increased its circulation because of the pre-eminence of the English language but another newspaper in an En-glish-speaking country suffered a drop in its circulation. These two contrasting scenarios were held out by Mr Cheong Yip Seng, editor-in-chief of The Straits Times Press,385 words
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212 1989-12-09 8 FORMER Pan-Electric Industries managing director Tham Yeng Fai, 46, was fined $4,000 by a district court this week for breaching the Companies Act. Tham admitted that he had failed to state in a company directors' report that fellow director Peter Tham, his cousin, had gained212 words
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Article48 1989-12-09 8 ONE man died and four others were injured when their work lift plunged 13 floors to the ground at an uncompleted block of flats in Jurong on Wednesday. Two of the injured are in intensive care while the other two are in stable condition.48 words
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Article, Illustration135 1989-12-09 8 THE catch of a marlin weighing 87.8 kg netted the First Asia Deep Sea Fishing Championship's top prize at Mauritius last month. It gave the Singaporean team, Tiananmen, the winning trophy. The second heaviest catch of a 83.8 kg135 words
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267 1989-12-09 8 A TAXI operator plans to extend cashless payment for rides on its cabs bystarting its own credit card for corporate customers at the end of the year. For Singapore Commuter Ltd (SCL), which now accepts payments from companies through267 words
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543 1989-12-09 9 MATHEW PEREIRA - By MATHEW PEREIRA in Toulouse, France SINGAPORE Aerospace has landed itself a US$5O-million (Ss96-mil-lion) deal to produce 600 rear doors for the Airbus A 320 passenger jet, marking another milestone in the Republic’s fledgling aerospace industry. Officials of French543 words
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Article, Illustration525 1989-12-09 9 MATHEW PEREIRA - Foreign investors and SAF’s role in attracting them Armed forces provide the stability factor: Dr Hu By MATHEW PEREIRA THE Singapore Armed Forces plays a part in attracting foreign investors to Singapore, Finance Minister Dr Richard Hu said last week. The SAF is one of the factors which foreign investors525 words
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347 1989-12-09 9 RAV DHALIWAL - By RAV DHALIWAL ALMOST 30 companies from all over the world are vying to provide Singapore with its proposed multimillion dollar Electronic Road Pricing (ERP) System. A Ministry of Communications and Information spokesman, confirming this last week, said these347 words
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Article, Illustration332 1989-12-09 9 DOREEN SIOW - By DOREEN SIOW MR SONNIE LIEN, the flamboyant head of the Mandarin Singapore hotel since 1974 and a key figure in the local hotel scene, has severed official links with the Overseas Union Enterprise group. Mr Lien, one of332 words
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72 1989-12-09 9 SINGAPORE will get two more new radio channels next year a Mandarin music service FM 93.3 and an English station concentrating on “middle of the road" music. Both channels will broadcast 18 hours a day, and they bring to eight the total number72 words
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Page 7 Advertisements
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Advertisement163 1989-12-09 7 Gateway To The Top-end Tourist Industry Excellent business potential for commercial tourist complex on 50 acres (17.95 HA). This prime piece of real estate is zone R 5. which allows for caravan parks, tavern, and many other unlimited commercial business ventures, as it fronts onto one of Katherine's most popular163 words
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across the CAUSEWAY
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Article183 1989-12-09 10 Bernama. KUALA LUMPUR Prime Minister Datuk Seri I)r Mahathir Mohamad has urged Malaysians to continue to be vigilant and sensitive about anything that could pose a threat to national stability and security. As a nation of various races, religions and cultures, Malaysia would continue to beBernama. - 183 words
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417 1989-12-09 10 rorists, he added. Bernama. KUALA LUMPUR The role of Malaysia’s armed forces will be directed at ensuring the safety of the country’s land and sea areas. especially the exclusive economic zone now that the Communist Party of Malayarorists, he added. — Bernama. - 417 words
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223 1989-12-09 10 Bernama. KUALA LUMPUR The Government should set up a committee to study whether the Internal Security Act (ISA) is still needed in the country, the liar Council said on Saturday. the committee could then recommend measures to prevent any abuse shouldBernama. - 223 words
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108 1989-12-09 10 KUALA LUMPUR The Malaysian government said on Tuesday that even though members of the Communist Party of Malaya had agreed to lay down their arms, political detainees would not be freed so long as they harbour intentions of ousting108 words
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Article221 1989-12-09 10 Bernama KUALA LUMPUR Former Prime Minister Tunku Abdul Rahman said on Sunday that the Internal Security Act should be abolished following the decision by the Communist Party of Malaya (CPM) to abandon its armed struggle against the government. He said the original objective of theBernama - 221 words
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Article, Illustration319 1989-12-09 10 disappointing”. Bernama. SERDANG Deputy Prime Minister Ghafar Baba said ho was shocked by Sabah Chief Minister Datuk Seri Joseph Pairin Kitingan’s allegations of a plot involving Federal leaders to unseat the ruling Parti Bersatu Sabah (PBS). Mr Ghafar said relations betweendisappointing”. — Bernama. - 319 words
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189 1989-12-09 10 Bernama. KUANTAN The Fraser’s Hill highland resort will get a new look when several projects costing about Msloo million (Ss72 million) are completed by 1993, Pahang Mentri Besar Tan Sri Khalil Yaakub said. Tan Sri Khalil, who briefed the press on theBernama. - 189 words
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244 1989-12-09 10 eigners. — KALIMI'LLAH HAKSAN - eigners. KALIMI'LLAH HAKSAN. KUALA LUMPUR Ten people, including two foreigners, were detained under the Internal Security Act last month for allegedly selling Malaysian government secrets to an Asean country. Disclosing this in Parliament this week, Deputy Home Minister244 words
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Article142 1989-12-09 10 NST. AP KUALA LUMPUR Police have recommended that existing drug laws be strengthened by introducing public whipping and the placing of addicts in isolation, a senior Home Ministry official said. The Secretary-General of the Home Ministry, Datuk Wan Sidek Abdul Rahman, said on Tuesday thatNST.; AP - 142 words
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CAUSEWAY/ASEAN
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Article, Illustration559 1989-12-09 11 Move heads off collision course with Umno over Islamic law Bernama KUALA LUMPUR All eight Selangor State assemblymen from the Malaysian Chinese Association (MCA) on Thursday withdrew their resignation letters, thus heading off an MCA-Umno collision that could have led to a serious crisisBernama - 559 words
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Article95 1989-12-09 11 AFP. KOTA KINABALU A failed businessman will need 8,333 years to repay debts totalling Msl4o million (5699.4 million), under a court order this week. Abdul Majid Khan, 46. was ordered to pay M 51,400 a month to 18 foreign and local financial institutions afterAFP. - 95 words
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Article, Illustration427 1989-12-09 11 Bernama. KUALA LUMPUR Former Deputy Prime Minister Datuk Musa Hitam told the High Court hearing a libel suit here on Thursday that a book titled Challenger (Siapa La wan Siapa) contained words which blatantly accused him of being a corrupt personBernama. - 427 words
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Article87 1989-12-09 11 KUALA LUMPUR The government is keeping close tabs on Malaysian students overseas to ensure they do not participate in anti-government activities, Deputy Education Minister Dr Leo Michael Toyad told Parliament. He said that his ministry had assigned several officers to Malaysian embassies to check on87 words
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Article, Illustration214 1989-12-09 11 AFP. BANGKOK Thai Foreign Minister Air Chief Marshal Siddhi Savetsila was quoted by a Foreign Ministry official as saying last week that he would pay an official visit to Vietnam next year. According to the official, Marshal Siddhi– AFP. - 214 words
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249 1989-12-09 11 JAKARTA Liberation theology, the preaching of revolutionary thought by militant priests which is popular in Latin America and the Philippines, is being promoted in Indonesia by “certain groups and individuals”, an Indonesian army general has said. The Jakarta Post on Monday quoted Lieut-General249 words
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Article, Illustration239 1989-12-09 11 AFP, Bernama. JAKARTA Indonesia has called for closer bilateral defence co-operation among Asean members as an alternative to a military pact in the region. Such co-operation, if applied consistently and intensively, would create a defence “spider web” in Asean, Indonesia's Armed ForcesAFP,; Bernama. - 239 words
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Article60 1989-12-09 11 BANGKOK Customs officers at Thailand's main Bangkok airport have arrested an American woman and charged her with allegedly trying to smuggle 1.1 kg of heroin to New York, Thai officials said on Monday Customs officers found the drugs wrapped around the waist of 36-year-old Emma Guerreo of60 words
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80 1989-12-09 11 Bernama. SANDAKAN The number of Indonesians working in Sabah has reached 150,000, the Indonesian ambassador to Malaysia, Mr Sunarto Djajusman, who was on an official visit here, said last week. The number exceeded the state government’s estimate of 100,000, he added. Under the state government’sBernama. - 80 words
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COMMENT/ Pick of the week’s editorials
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Article630 1989-12-09 12 DEC 6. 1989 THE signing of the peace pact between the Communist Party of Malaya (CPM) and the Thai and Malaysian authorities has led to calls in Malaysia for a review of the country's Internal Security Act (ISA). Its Deputy Prime Minister. Mr Ghafar630 words
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Article649 1989-12-09 12 DEC 5. 1989 PARLIAMENT was abuzz for two days last week as MPs debated the proposal to admit into their hallowed chamber six persons who would not be chosen by the normal electoral process Instead they would be appointed by the President on the nomination of649 words
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Article625 1989-12-09 12 DEC 4, 1989 WHEN the latest Filipino coup attempt was launched on Friday and Trade and Industry Secretary Jose Concepcion was asked about it in Brunei where he was attending the Asean Economic Ministers meeting, his response was to try and make light of it.625 words
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726 1989-12-09 12 MILESTONES MILESTONES in regional history is my theme today. The latest on record was set in Haadyai. southern Thailand, last Saturday. It saw the signing of a peace accord by the outlawed Communist Party of Malaya (CPM), signalling the end of the726 words
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Article132 1989-12-09 12 “Love, if you are watching, please put a stop to all of this. Come home, I don’t want our children to be orphans.” wife of Lieutenant-Colonel Rafael Galvez. leader of the rebel forces which staged an unsuccessful military coup to overthrow President Corazon Aquino of the Philippines. “Although132 words
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VIEWPOINTS
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878 1989-12-09 13 Parents with bright youngsters who cannot afford expensive independent schools should stick to good normal secondary schools, of which there are still many, writes TAN SAI SIONG in The Sunday Times THE tremendous fuss stirred up by the move by five independent schools878 words
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1004 1989-12-09 13 BERNICE NG - Smoker bashing are we doing too much too soon? By BERNICE NG I USED to smoke. I suspect it was more a case of style than nico-tine-dependence. None of those cheap brands for me. It had to be the imported extra-long gold-tipped filter cigarettes I quit five years ago. But1,004 words
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687 1989-12-09 13 NEWS ANALYSIS Reuter. JAKARTA South-east Asian countries, once dominoes set to topple under the force of communist hordes sweeping down from the north, are taking comfort from the whirlwind of change in Eastern Europe, according to analysts. The Bamboo Curtain may notReuter. - 687 words
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TIME$
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Article, Illustration685 1989-12-09 14 PAUL JACOB - Asean Economic Ministers Meeting By PAUL JACOB BANDAR SERI BEGAWAN Asean economic ministers have resolved to spur the regional grouping to take a more active and outward-looking stance in response to global developments affecting its interests. Their two-day meeting in the Brunei685 words
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Article158 1989-12-09 14 COUNTER RATES Singapore dollars to ona unit of foreign currency Buying OD Selling US dollar ***** 1 9380 Sterling pound 3 0098 3 0659 Australian dollar 1 4889 1.5291 Canadian dollar 1 6439 1 6750 NZ dollar 1.1285 1.1628 Singapore dollars to 100 units of foreign currency Austrian158 words
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228 1989-12-09 14 EDMUND LOH - EDMUND LOH. BUOYED by better profit margins and strong improvements in its Singapore and Malaysian operations, Cycle Carriage on Wednesday announced one of the strongest growths in profits recorded by a Singa-pore-listed company this year. For the year ended Sept 30, the Mercedes-Benz228 words
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565 1989-12-09 14 S. TSERING BHALLA - By S. TSERING BHALLA THERE will be an initial slow-down in the Indian economy following last week’s change of government, but this is not expected to affect the growing trade relations between Singapore and India over the long565 words
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Article200 1989-12-09 14 THE Lityan group on Thursday officially launched a general offer for all the shares in Acma Electrical Industries which it does not already own. The offer followed Wednesday’s completion of Lityan’s agreement to sell Lityan Systems (S), Lityan Systems (M), Proteq Technologies and 80 per200 words
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394 1989-12-09 14 CHOW CHEE SUN - By CHOW CHEE SUN EVEN as an amendment to the Trustees Act was being considered in Parliament last Thursday, the Minister for Law and Home Affairs, Professor S. Jayakumar, revealed it was being reviewed to see if other amendments were necessary. The394 words
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Article, Illustration545 1989-12-09 15 GERRY DE SILVA - By GERRY DE SILVA THE high-powered JapanSingapore Economic Advisory Group, made up of top business leaders from the two countries, will have a "matchmaker” to marry business deals of the members of the select group.545 words
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173 1989-12-09 15 KUALA LUMPUR All Malaysian-inrorpnrated companies listed on the Stock Exchange of Singapore (SES) will cease to be listed on SES only from Jan 1 next year and not before. This means that although a number of companies have already announced their intention to173 words
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475 1989-12-09 15 CAROLINE CHAN - By CAROLINE CHAN A NEW upmarket office block is expected to come up by early 1992 where Denmark House and Finlayson House currently stand. This is the plan of Japanese developer Sansin Investment which is buying the two neighbouring buildings along475 words
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Article185 1989-12-09 15 ST Industrials Index THK Straits Times Industrials Index rose 39.04 points on the week to 1,444.90 points. Dav-to-dav indices: MONDAY: 1,42(5.13 points (up 10.21); 45.73m units (valued at $U1.03m); TUESDAY: 1,431.39 (up 5.26); 69.38m units ($159.87m); WEDNESDAY: 1,443.33 (up 11.94); 91.09m units ($219.5m); THURSDAY: 1,445.54185 words
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200 1989-12-09 15 WITH the proposed delisting of Malaysian companies from the Stock Exchange ol Singapore, The Straits Times Press group Is updating and upgrading its family of indices, including the widely-followed Straits Times Industrials Index (ST11). To ensure continuity, the current unweighted basis for computing200 words
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Article893 1989-12-09 15 Index hits new postCrash high Sharemarket review THE Singapore stock market took a breather yesterday after its three-week rally, which saw the Straits Times Industrials Index posting two successive postOctober 'B7 Crash highs this week in active trading. In just over three weeks, the Index had added a healthy 107.31893 words
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Article6719 1989-12-09 16 AH 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 106,719 words
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Article630 1989-12-09 17 M—y Binrtir 1 MU Allied OVWMM 0 99 unch Amoy Properties 270 •0 06 a«i* Sk mi l 2 225 -0 025 Aala Sec War 91 050 Bank of EA 17 40 unch Bond Corp Int i 1 50 -0 02 Bond Corp War 91 057 •0 03 C630 words
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Article, Illustration460 1989-12-09 18 LYNETTE ONG - s6m sales in first year, s4om likely next year By LYNETTE ONG A HOME-GROWN computer manufacturer sold $6 million worth of its PC sound boards in its first year of marketing in the US and hopes to increase this to more than $4O460 words
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Article179 1989-12-09 18 PRECISION optics manufacturer Avimo Singapore has reported a 22.5-per cent drop in group pre-tax profit to $11.3 million for the year ended Sept 30. This was despite a 52-per cent jump in turnover from $53.3 million to $Bl million. Explaining the thinner margins, chairman Derek Cannons179 words
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Article28 1989-12-09 18 THE manager of the Singapore Sesdaq Fund, John Govett Management (Jersey), has raised its stake in GB Holdings to 7.69 per cent from 3.29 per cent.28 words
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316 1989-12-09 18 SHARON LAU - By By SHARON LAU DELAYS and the high costs of the Bukit Timah flood alleviation project have caused the Metro group’s pre-tax profits to take a 53.7-per cent dive to $4.4 million at half-time. And for the first time316 words
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205 1989-12-09 18 UPMARKET retailer Transmarco Ltd has turned in a dismal set of interim results for the six months ended Sept 30, compared with the same period last year. Despite an increase in turnover of 8.5 per cent to $57.6 million, its pre-tax profit plunged 37205 words
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151 1989-12-09 18 NST. KUALA LUMPUR General Lumber (Holdings) last Friday announced a 9-for-10 rights issue of 72.29 million non-redeemable 4.5 per cent convertible unsecured loan stocks (CULS) and a special bumiputra issue of 40.5 million CUIJS, both at Msl each. In a statement to the Kuala LumpurNST. - 151 words
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70 1989-12-09 18 IN an ongoing move to house its overseas operations in the group’s own properties, Neptune Orient Lines (NOL) has acquired an eight-storey building in Oakland, California for $l2 million. The purchase which comes just after the acquisition of its first office building in70 words
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103 1989-12-09 18 UNITED Overseas Bank’s l-for-3 rights issue of $167.95 million unsecured loan stocks with detachable warrants has been 6.8 per cent oversubscribed. A statement from the bank last Friday said that at the close of the issue on Nov 24, acceptances were received for about $163.56 million103 words
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424 1989-12-09 18 INVESTORS will be better protected while companies will have greater flexibility to tap funds once the Companies (Amendment) Bill 1989, which was passed in Parliament last week, becomes law. At the third reading of the Bill on Thursday, Finance Minister Dr Richard Hu gave424 words
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283 1989-12-09 18 FOREIGNERS have been in hot pursuit of Singapore Airlines (SIA) stocks in the past fortnight on recommendations by fund managers and in anticipation of a possible tie-up between the national carrier and Swissair. Dealers in the Singapore stock market attributed the strong283 words
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Article49 1989-12-09 18 UNITED Overseas Land Ltd (UOL) has sold United House at Kramat Lane for $30.61 million cash to F. P. Land (Singapore) Pte Ltd. At $9Ol per sq ft, the sale price would yield a pre-tax gain of about $19.7 million for the listed property group.49 words
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Article, Illustration482 1989-12-09 19 ELAINE KOH - Ms37m interest bill takes its toll By ELAINE KOH in Business Times HEAVY interest charges continued to bleed Faber Merlin Malaysia which incurred a group after-tax loss of M 544.45 million for the year ended June 30. However, this was an improvement over482 words
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301 1989-12-09 19 Bernama AYER Hitam Tin Dredging Malaysia Bhd will carry out initial investigations early next year in two areas with potential for gold totalling almost 600 hectares near Mersing, Johor. Chairman Mohd Noor Mohd Dom said in the company’s 1989 annual report thatBernama - 301 words
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Article48 1989-12-09 19 CLEAN Systems (S) Pte Ltd and Leona Grace Gordon have increased their stake in WahChang Electro-Plating Ltd to 46.29 per cent, with the purchase of 18,000 shares at $1.26 each. Substantial shareholder Ng Kah Tie also increased his stake to 47.07 per cent.48 words
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Article38 1989-12-09 19 FOR the six months to Sept 30, Chemical Industries (Far East) turned in an operating profit of $4.09 million. The 37.67-per cent profit growth was achieved on a 30.53-per cent higher turnover of $121.23 million.38 words
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96 1989-12-09 19 AFP. BANGKOK A Singapore trade delegation arrived in Rangoon on Monday for a five-day official visit, the state-run Rangoon Radio said. Singapore's Minister of State (Trade Industry and Communications Information), Mr Mah Bow Tan, who is leading the id-member team, was welcomed byAFP. - 96 words
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Article28 1989-12-09 19 DBS Venture Investments Pte Ltd, a wholly-owned subsidiary of DBS Rank, has been converted into a public company. It is now called DBS Venture Investments Ltd.28 words
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Article663 1989-12-09 19 Week ended Dec 1 Compiled by JULIANA TAY AUDITED RESULTS Company Yaar to Group Nat Nat earning* Groaa profit/lo** (L) par share dividend ('000) (cants) A I S B Jgn 89 M$8.5I I ($***** 8 3(9 71 12(10) Amol Steel Jun 89 M$57.364($4I,397) *****3) 8TEI8TE) Metol Gainers JunCompiled by JULIANA TAY - 663 words
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Article762 1989-12-09 19 Current Ei Book* Date Total lor Total for payment date close payable the year last year A 1 S B I2%(b) Dec 27 Jon II Jon 23 12% '0% A M 0 B 2%lbl Nov 16 Nov 30 Dec 29 2% 1% A Enterprise» 5% 1» Nov 3762 words
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FORUM
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Readers’ views on the Nominated MPs proposal
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520 1989-12-09 20 THE First Deputy Prime Minister, Mr Goh Chok Tong, should not refer the proposed Nominated Members of Parliament Bill to a select committee. Instead, he should withdraw it altogether. I believe Parliament has heard many good reasons why there is no need for520 words
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418 1989-12-09 20 AFTER following the parliamentary debate on the proposed Bill for the introduction of Nominated Members of Parliament, I am in favour of the establishment of an Upper House as suggested by Dr I.au Teik Soon, the member for Serangoon418 words
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Page 20 Advertisements
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Advertisement142 1989-12-09 20 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. Making an142 words
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Advertisement132 1989-12-09 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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Advertisement880 1989-12-09 21 APPOINTMENTS Sembawang Shipyard SEMBAWANG SHIPYARD LTD, one of the region s leading shiprepair company is currently looking for highly motivated personnel to join its management team. ENGINEER The successful candidate will lead a group of design engineers and draughtsmen engaged in mechanical and electrical engineering activities. In addition, he will880 words
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Page 22 Advertisements
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Advertisement1216 1989-12-09 22 APPOINTMENTS (intraco) Intraco, a leading trading and distribution company in Singapore has vacancies for the following positions: TREASURY DEALER The successful candidate will be involved in trading and hedging foreign exchange in the Company’s treasury section, and assist in other areas of treasury functions. Pre-requisites A recognised Degree in Economics.1,216 words
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TIMESPORT
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Article, Illustration345 1989-12-09 23 The New Paper. EVERYWHERE they went, from their New Otani hotel base to the Marina Mandarin reception hall and even to the bright lights of Orchard Road, the Republic’s World Grand Prix Badminton Finals guests were waxing lyrical about the Singapore Indoor Stadium.The New; Paper. - 345 words
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431 1989-12-09 23 ICS by MAHMOOD GAZNAWI - ATHLETICS by ICS by MAHMOOD GAZNAWI NATIONAL pole vault recordholder Ng Kean Mun is in no danger of losing his overseas scholarship despite his poor showing at the Asian Track and Field meet in New Delhi from Nov 14-19.431 words
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319 1989-12-09 23 MALAYSIA CUP FINAL KUALA LUMPUR Kuala Lumpur coach Chow Kwai Lam shed tears of joy shortly after his team scored their third successive Malaysia Cup triumph when they beat Kedah 2-1 in the final at the Merdeka Stadium last Sunday night. “I319 words
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121 1989-12-09 23 IT was a night to remember for many reasons... An amazing, historymaking capacity crowd of more than 11,HI at the Singapore Indoor Stadium watched Kiev Steoltel being crowned champions of the Merlion Cop basketball Invitational tournament last Sunday. The team from the Soviet121 words
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Article137 1989-12-09 23 Grand Prix badminton SOME of badminton's lesser lights turned the tables on the more established stars like Yang Yang, Morten Frost and Eddy Kumiawan. all of whom were shown the exit in the Seiko Grand Prix finals at the Singapore Indoor Stadium last night. Yang Yang,137 words
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Article, Illustration213 1989-12-09 24 CHIN Peng’s personal secretary, Ms Huang Hu! Her, said that she had frequently shuttled between Singapore and Malaysia in the past to carry out work (or the Communist Party of Malaya, the IJanhe Zaobao reported on Monday. The Chinese-language newspaper, which213 words
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Article, Illustration309 1989-12-09 24 NST. LONDON Former Malaysian student union activist Hishamuddin Rais has said he wants to return to Malaysia but is not prepared to be detained under the Internal Security Act (ISA). However, he would be willing to face charges in an open courtNST. - 309 words
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150 1989-12-09 24 Bernama. KUALA LUMPUR Public rallies are still banned though the communist terrorist threat has been removed following the signing of a peace pact by the outlawed Communist Party of Malaya (CPM) under which CPM members will lay down their arms, the DewanBernama. - 150 words
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Article, Illustration767 1989-12-09 24 MATHEW PEREIRA - By MATHEW PEREIRA THE Five Power Defence Arrangements should be strengthened despite the relaxation of the strategic confrontation between the two superpowers and the favourable omens in the region, said Brigadier-General (Reservist) Lee Hsien Loong last week. The Second Defence767 words
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Article, Illustration346 1989-12-09 24 Bernama. JAKARTA It is only a matter of time before long-frozen diplomatic relations between Indonesia and China are restored, officials from both sides said yesterday. According to the officials, the high-level talks to normalise diplomatic ties frozen 22 years ago ended here yesterday on “anBernama. - 346 words