The Straits Times : Weekly Overseas Edition, 13 January 1990
1990-01-13
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The Straits Times : Weekly Overseas Edition
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Title Section20 1990-01-13 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JANUARY 13. 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/8920 words
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Article, Illustration406 1990-01-13 1 FIRST Deputy Prime Minister (ioh C'hok Tong, who takes over as Prime Minister later this year, has set three goals for the *****. He is aiming to: GET Singaporeans to feel more deeply406 words
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Article636 1990-01-13 1 ZURAIDAH IBRAHIM - Better salaries, faster promotions for exec officers By ZURAIDAH IBRAHIM BIGGER pay packets, faster promotions and better salary scales are in store for more than 5,000 executive officers, clerks and other civil servants, under a major revision exercise announced by the Government yesterday. Generally, the636 words
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751 1990-01-13 1 CATHERINE C ONG - By CATHERINE C ONG, Hongkong Correspondent HONGKONG The Singapore Government is prepared to invest a substantial amount of money in Hongkong as a way of boosting confidence in the territory, according to business tycoons here. A figure of US$2 billion (553.76 billion)751 words
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94 1990-01-13 1 PRICES rose on a broad front on the Singapore stock market in the first three days of the week, pushing the Straits Times industrials Index to successive new all-time highs, before profittakers halted the advance on Thursday. Then a huge 659-point plunge in Tokyo’s Nikkei94 words
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Page 1 Advertisements
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Advertisement53 1990-01-13 1 More women drinking at pubs and louna es AGF f. S pore road network rated world’s best PAGE 6 CAUSEWAY Porno video tapes scandal takes a new twist PAGE 10 Speculation rife over snap general election PAGE 13 TIMESDOLLAR FORUM MRA cracks whip to clean up racing PAGE 23 PAGES53 words
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Advertisement13 1990-01-13 1 o »s T =_:a.v aa V Jttft i'l ;‘jt Membership Has Its Privileges13 words
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NEWS FOCUS
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Article, Illustration595 1990-01-13 2 WILLIAM CHIA - By WILLIAM CHIA in Business Times FOR a man who was fighting for his survival only a year ago. Dr Henry Chew Chin Han seems a most unlikely candidate to be playing the role of saviour to Alan Bond's beleaguered(file picture). - 595 words
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Article, Illustration559 1990-01-13 2 DOREEN SIOW - Firm has paid-up capital of $2 and authorised capital of $500,000 By DOREEN SIOW THE mystery surrounding the Singaporebased company that is reportedly making an As2so-million (*****-million) friendly bid for beleaguered Bond Corporation deepened as the two directors of the559 words
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Article, Illustration339 1990-01-13 2 AFP. KUALA LUMPUR The former vice-president of the banned Brunei People's Party (PRB), Mr Zaini Ahmad, said that Sultan Hassanal Bolkiah of Brunei should free all political prisoners, lift a 28-year-old state of emergency and allow legitimate political activity in the country. Speaking– AFP. - 339 words
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340 1990-01-13 2 – DOREEN SIOW - DOREEN SIOW. DR CHEW Chin Han was served bankruptcy notice last October by the Medical Council of Singapore. As he could not be located at his home at 30, Robin Road, the council’s solicitors put out an advertisement in The Straits Times as340 words
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652 1990-01-13 3 SERENA TOH - By SERENA TOH AS MUCH as $40,000. This is the difference between what a top surgeon and a top physician can earn monthly at the Singapore General Hospital with the lifting of the consultancy-fee ceiling since last April. Sources said that652 words
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249 1990-01-13 3 GEOFFREY HARRIS - By GEOFFREY HARRIS: Melbourne MELBOURNE A Singapore man was allegedly involved in an international futures scam involving more than As 3 million (554.5 million), an Australian court has been told. The Melbourne Magistrates Court heard this week that about249 words
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123 1990-01-13 3 Bernama IPOH Just when Ipoh seemed set to shed its image as a city of massage parlours, it has been plagued by another problem Thai call girls. In the past two months, 1 police arrested 70 Thai girls some as young as jBernama - 123 words
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115 1990-01-13 3 JAKARTA Indonesia has confiscated 20,000 Chinese calendars, AttorneyGeneral Sukarton Marmosujono said on Wednesday. “It is to prevent the misuse of Chinese characters through various ways, so it is better for us to ban them,” he told reporters. The printers had been given a licence to print115 words
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422 1990-01-13 3 MANILA AP. LAST month’s coup attempt in the Philippines saw the participation of military units not previously identified as part of the conspiracy and some senior officers believe that most of the armed forces were involved in theAP. - 422 words
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176 1990-01-13 3 about us at all.” Bernama. MALACCA The leader of the Spirit of '46 party, Tengku Razaleigh Hamzah. has said that he would be meeting leaders of other opposition parties to discuss a possible boycott of local newspapers which he claimed were irresponsibleabout us at all.” Bernama. - 176 words
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388 1990-01-13 3 ISMAIL KASSIM - By ISMAIL KASSIM: Kuala Lumpur MALAYSIA’S opposition Parti Islam (Pas) has expressed reservations over a proposed set of laws in Singapore to curb religious activities that could undermine religious harmony and political stability in the Republic. In a press statement released388 words
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HOME
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473 1990-01-13 4 CHUA CHONG JIN - Even paper-and-pen diehards will have to pick up skills By CHUA CHONG JIN STUDENTS of the National University of Singapore look set to attain full computer literacy by mid-1992. This projection is based on the fact that 82 per cent of473 words
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Article35 1990-01-13 4 THE Prime Minister returned home on Wednesday from his seven-day private visit to Taiwan and Hongkong. He arrived in Taiwan on Jan 4 and went on to Hongkong on Monday.35 words
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468 1990-01-13 4 COMMUNITY CLUB. Singapore community centres can now opt for such a change in name if they so wish. This new image of the community centre is in line with its many modern facilities and more upbeat activities. With the change in name,468 words
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Article, Illustration131 1990-01-13 4 MR CLARENCE de Silva (above), an active unionist for more than 30 years, has died. He died last month at the age of 59. Mr de Silva was on the staff of Singapore Airlines for 32 years and was one of the founder131 words
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368 1990-01-13 4 A RECORD number of 13 Hongkong lawyers were among 18 called to the Singapore Bar on Wednesday. It was also the first time in Singapore's legal history that, of a batch of more than 10 lawyers petitioning to be called to the368 words
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440 1990-01-13 4 SINGAPORE Airlines is to invest more than $lO billion in new aircraft over the last six years of this century. The national carrier’s chairman, Mr J. Y. Pillay, announced the planned investment in a New Year message440 words
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182 1990-01-13 4 A FORMER Internal Security Department police inspector was jailed this week for 30 months for taking a $5,000 bribe from a woman who wanted her son released from detention. Foo See Toon, 41, also had to pay a penalty of $5,000, equivalent182 words
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169 1990-01-13 4 THE year 2000 may see Singaporeans pushing for a retirement age of 65, NTUC Deputy-Secretary-General Lim Boon Heng predicted on Friday. Persuading employers to say yes to today's target of 60 may not be easy, but he was169 words
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Article, Illustration472 1990-01-13 5 A TEAM comprising staff from the three polytechnics will visit Switzerland and West Germany this month to study the two countries’ technical education systems. The Senior Minister of State (Education), Dr Tay Eng Soon, said this last week when he announced the472 words
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Article, Illustration688 1990-01-13 5 TAN EE SZE - They usually go in groups of four or five By TAN EE SZE WOMEN beer drinkers are giving men a run for the breathalyser, with some downing up to two jugs each on a single night out. Pubs and lounges in Singapore688 words
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254 1990-01-13 5 AFTER all the pre-election sound and fury, apathy reigned again at the Kent Ridge campus where a handful of students turned up on Wednesday to choose their society’s representatives to the students' council. The election of two representatives of the Political Association of254 words
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Article87 1990-01-13 5 A HONGKONG manageress fell to her death from her boyfriend’s flat on the 16th floor of Mandarin Gardens in Siglap Road on Wednesday hours after she had arrived here. The body of Miss Chen Xiulan, 36, was found at the foot of Block 7 after police87 words
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392 1990-01-13 5 TEMASEK Polytechnic, with its School of Design, will be the first polytechnic in Singapore to have a course catering to the diverse needs of fields from marketing to advertising and public relations. Offering three-year full-time diplomas courses in three areas graphic, interior, and392 words
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Article, Illustration157 1990-01-13 5 DR N VARAPRASAD, Temasek Polytechnic's principal-designate, Is currently Deputy Principal (Academic) of the Singapore Polytechnic. Before that he was an Associate Professor in the Department of Industrial and Systems Engineering at the National University of Singapore. Dr Varaprasad obtained his First Class Honours degree in Mechanical Engineering from157 words
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Article, Illustration675 1990-01-13 6 We are No 1 in air transport and telecommunications, too SINGAPORE’S road network has been ranked internationally as the best among the newly industrialising countries and even better than the best of the industrialised ones whiule our Mass Rapid Transit system also ranked675 words
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396 1990-01-13 6 THE report of the Select Committee on Land Transportation Policy will be debated when Parliament sits on Monday. A member of the committee. Dr Augustine Tan (Whampoa), has tabled a motion urging the House to adopt the report and the Government to seriously396 words
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435 1990-01-13 6 SIVAM SUBRAMANIAM - Registration fee slashed by up to 80 pc By SIVAM SUBRAMANIAM TO attract more foreign shipowners to set up base and flag their ships in Singapore, the Government has launched a new ship registration package which slashes a hefty 80 per435 words
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Article, Illustration151 1990-01-13 6 WHEN all warnings fail, clamp them. This Is what some private organisations like hotels, shopping centres and carpark agencies are resorting to in an effort to stamp oat illegal parking. Two establishments in the Orchard Road area the Dynasty Hotel and Lacky Plaza have already been151 words
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Article180 1990-01-13 6 FORGET chasing the ideal and settle for what is available this is the message in the movie Crossing Delancey, which the Social Development Unit thinks singles in Singapore should think about. Hence, the SDU, Singapore’s official match-mak-er, booked all seats for the 6.30 pm show180 words
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Article, Illustration940 1990-01-13 7 Reaction to proposed laws to ensure religious harmony CAN religion and politics be kept strictly separate? While the maiority of religious leaders felt that the two should be kept apart, some had reservations over how this could be done. Among940 words
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367 1990-01-13 7 THERE is no need for new laws as the Government already has powers under the Sedition Act and the Penal Code to ensure that religious harmony is maintained, Father Patrick Goh said. One of three Catholic priests named in367 words
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Article, Illustration518 1990-01-13 7 OBITUARIES HIS infectious smile, his jovial disposition and his soft-toned voice will be missed. His witty cracks about the humorous side of sport will no more liven up conversations at clubs from the Padang to Balestier. And he will no longer grace hockey518 words
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333 1990-01-13 7 DOMINIC NATHAN - By DOMINIC NATHAN THE growing number of Japanese businessmen and travellers to Singapore and other countries in the region has prompted a decision to print Japan’s leading business daily here. The Singapore Newspaper Services (SNS) is expected to start printing from September the333 words
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Article, Illustration134 1990-01-13 7 LEE Han Seng, 50 (above), one of Singapore’s best known racing drivers and the winner of the 1966 Singapore Grand Prix, died last Sunday after a long illness. He leaves behind a wife, Monica, and four children. Han Seng, a businessman, had competed134 words
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Article, Illustration385 1990-01-13 8 First of RSAF’s Fighting Falcons arrive after 5-day flight from the US THE first five F’-IK Fighting Falcons of the Republic of Singapore Air Force (RSAF’) arrived here on Tuesday afternoon after a five-day trip from the United States. They were flown here by RSAF fighter pilots. The arrival of385 words
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Article, Illustration611 1990-01-13 8 NG WEI dOO - Move aims to heir) weaker students By NG WEI dOO IN A bold move to produce better students, Chinese High School has introduced a time-table which has fewer but longer periods every day. It has also chopped up the school year into 16-week blocks during611 words
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Article169 1990-01-13 8 OWNERS of Housing Board flats can now fix any type of metal grilles, raise balcony floors and install lightweight awnings over their balconies. The board has lifted some of its rules to give residents more flexibility and security. The relaxation of rules also allows: ALL169 words
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306 1990-01-13 8 THE Defence Ministry is putting the heat on reservists who continue to keep their exit permits after returning from abroad so as to avoid reservist training. The ministry is pressing for deterrent sentences in the courts for offenders as it says306 words
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197 1990-01-13 8 FIRST Deputy Prime Minister Goh Chok Tong’s principal private secretary, Mr Tan Jee Say, has resigned from his post to join the private sector. Mr Tan, 35, who has served Mr Goh for five years, is on leave. He declined to comment on his197 words
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537 1990-01-13 9 DOMINIC NATHAN; and FRANCESCA NATHAN - By DOMINIC NATHAN and FRANCESCA NATHAN INDONESIA has accepted Singapore’s offer to take back the non-hazardous waste alleged to have been illegally dumped in an Indonesian island by a company here. A Singapore embassy official in Jakarta told The537 words
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528 1990-01-13 9 ORCHARD ROAD has been found to be the tenth most expensive street in the world, and property consultants here expect its rentals to continue climbing over the next few months. In a private survey conducted by American commercial real estate agents,528 words
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83 1990-01-13 9 SINGAPORE racehorse trainer Luke Kang was arrested at the Bukit Turf Club on Wednesday morning at his stables after police in Ipoh issued a warrant for his arrest on a charge of causing grievous hurt. A police spokesman said later Kang was detained by83 words
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Article, Illustration542 1990-01-13 9 Confucianism and Modernisation ARE there elements of democracy in the Confucian tradition? This question of major concern to the future of East Asia was the subject of a lively debate among top Confucian scholars attending a conference here this week. It542 words
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Article, Illustration459 1990-01-13 9 SINGAPORE'S success is a good example of how Confucian values can promote a high level of prosperity for a multicultural society, an Australian scholar of Confucianism said. The Confucian approach to order in society placed greater emphasis on discipline459 words
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across the CAUSEWAY
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Article, Illustration725 1990-01-13 10 KALIMULLAH HASSAN - Action smacks of a cover-up, he says and calls for Parliament sitting By KALIMULLAH HASSAN PENANG Opposition Member of Parliament Karpal Singh is seeking an emergency sitting of Parliament to debate the action taken by725 words
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602 1990-01-13 10 KUALA LUMPUR At-torney-General Tan Sri Abo Talib Othman has denied that he ordered the police to destroy video tapes alleged to have been stolen from the house of a Deputy Speaker of Parliament. Malaysian602 words
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Article, Illustration336 1990-01-13 10 KUALA LUMPUR Work on the first phase of Kuala Lumpur’s monorail system will begin in June and is scheduled for completion in two years. Kuala Lumpur Mayor Datuk Elyas Omar said on Tuesday that the capital's system will be similar to336 words
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251 1990-01-13 10 KUALA LUMPUR The one-year import duty exemption granted to several bumiputra fruit-importing companies will not be extended when it expires, acting Finance Minister Anwar Ibrahim said this week. Bernama news agency reported him telling a news conference here that the eight251 words
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157 1990-01-13 10 JAKARTA An Indonesian legal aid body has called on. the Sabah government to revoke the death sentence imposed on an Indonesian convicted by a Kota Kinabalu court for drug trafficking. The organisation’s chairman, Mr Abdul Hakim Nusantara, said that the sentence imposed157 words
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CAUSEWAY/ ASEAN
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388 1990-01-13 11 KALIMUI.LAH HASSAN - By KALIMUI.LAH HASSAN KUALA LUMPUR Salary cuts for members of the Cabinet implemented in 1981 have been restored, Prime Minister Datuk Seri Dr Mahathir Mohamad said. Speaking at a news conference after an Umno Supreme Council meeting, Dr Mahathir said that he,388 words
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182 1990-01-13 11 Year 1990,” he said. Bernama. KUALA LUMPUR Malaysia’s radio and television stations will continue to air Islamic programmes despite a recent protest from the World Council of Churches, Information Minister Datuk Mohamed Rahmat said. Datuk Mohamed said the Christian organisation’s protestYear 1990,” he said. Bernama. - 182 words
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Article70 1990-01-13 11 Be mama. LANGKAWI Prime Minister Datuk Seri Dr Mahathir Mohamad and his ministers held their weekly Cabinet meeting here on Wednesday, the first time the Cabinet had met outside Koala Lumpur. Dr Mahathir, who was accompanied by his wile, flew In on a Royal Malaysian AirBe mama. - 70 words
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Article, Illustration378 1990-01-13 11 TAN LIAN CHOO - By TAN LIAN CHOO: Bangkok Correspondent BANGKOK Rival politicians from Prime Minister Chatichai Choonhavan’s fractious Chart Thai Party have warned that their party risks collapse if General Chatichai forces his hand to get the Army Command-er-in-Chief, General Chavalit Yongchaiyudh, appointed378 words
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201 1990-01-13 11 BANGKOk The Prime Minister Chatichai Choonhavan has said that army chief General Chavalit Yongchaiyudh should continue to serve in the armed forces until he reaches retirement age, The Nation reported. The daily quoted Gen Chatichai as saying on Tuesday that Gen Chavalit would201 words
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Article, Illustration404 1990-01-13 11 ABBY TAN - By ABBY TAN Manila Correspondent MANILA The Philippines’ leading churchman. Cardinal Jaime Sin, has barred a priest from testifying in the defence of opposition senator Juan Ponce Enrile, who is charged with participating in the December coup attempt. A404 words
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102 1990-01-13 11 Bernama. BANGKOK Poppy plantations In Thailand will be wiped out within the next five years with the implementation of crop substitution programmes, said the Secretary-General of the Thai Narcotics Control Board, Major-General (Police) Chaovalit Yodmanee. He told a seminar onBernama. - 102 words
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153 1990-01-13 11 JAKARTA At least half of the 28,000 complaints of corruption and power abuse that were sent to the Indonesian Vice-President’s office were found to be true, Vice-President Sudharmono said. The Jakarta Post newspaper quoted Mr Sudharmono as saying that the remaining153 words
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COMMENT/ Pick of the week’s editorials
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Article649 1990-01-13 12 More has to be done now JAN 12. 1990 THE Government of Philippine President Corazon Aquino has all but squashed the rebels who attempted to overthrow her last month, but her jubilation can only be temporary. Though she may have won this battle, her war is far from over. In649 words
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Article636 1990-01-13 12 JAN 11. 1990 SINGAPORE’S three goals for the 1990 s were set by First Deputy Prime Minister Goh Chok Tong’ last week getting Singaporeans committed to staying here, practising a more constructive, participatory-style democracy and enhancing the country's dynamism and fighting spirit. They have one thing636 words
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Article587 1990-01-13 12 JAN 10. 1990 JAPAN'S reiteration this week of its intention to adhere strictly to a pacifist military policy is a reassurance to wary neighbours concerned with its re-emergence as a military power. But it is a reassurance that even friendly neighbours are unlikely to take at587 words
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729 1990-01-13 12 RELIGIOUS HARMONY Religious harmony was very much a way of life in an old Singapore society within living memory. So was racial harmony too, as the two matters were inseparably intertwined and interdependent on each other. We thus have had from those729 words
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Article119 1990-01-13 12 “Loyalty to the nation is not to be identified with loyalty to the Government... it is possible for a person to be a great critic of the government and a great patriot.” Archbishop Gregory Yong commenting on the Government's White paper on the Maintenance of Religious Harmony. “By119 words
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COMMENT/ Perspective
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Article, Illustration1547 1990-01-13 13 ISMAIL KASSIM - Talk about an imminent general election is nothing new as it has been going on for months, fuelled mainly by hints dropped by the Prime Minister to party members Some observers feel that all this talk is a ploy to mislead1,547 words
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697 1990-01-13 13 VIEWPOINT: Sunny Goh IT PAYS for Singaporeans to emigrate, apparently. At the attractive rate of about $5OO per person. This is how much some Singaporeans and ex-Singaporeans abroad stand to gain if they take up a697 words
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TIME$
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Article, Illustration522 1990-01-13 14 GERRY DE SILVA - Move is part of sl.2b investment plan in S’pore By GERRY DE SILVA SINGAPORE’S bid to attract quality investments has got off to a promising start this year, with American chemical giant Du Pont yesterday announcing it is investing522 words
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Article162 1990-01-13 14 COUNTER RATES Singapore dollars to one unit ot foreign currency Buying OD Selling US dollar 1.8790 ***** Sterling pound 3 0977 3.1576 Australian dollar 1 4708 1.5122 Canadian dollar 1.6167 1 6495 NZ dollar ***** 1 1644 Singapore dollars to 100 units of foreign currency Austrian schilling 15.7939162 words
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Article, Illustration552 1990-01-13 14 KOH BEE ANN - By KOH BEE ANN THE Shangri-La hotel group, which manages about 14 hotels now, will increase its chain to 24 by 1993, said its new managing director and chief operating officer, Mr Randolph Guthrie. In an interview with The552 words
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Article37 1990-01-13 14 OCBC Bank has set up a new branch at the Ngee Ann Polytechnic campus. It is the second branch OCBC has opened on the campus of an educational institute, after Nanyang Technological Institute.37 words
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112 1990-01-13 14 Jack ChiaMPH gets cash call go-ahead JACK nil Mi’ll has obtained In-principle approval from the Stock Exchange of Singapore for Us $72.5 million rights Issue of bonds with detachable warrants. The diversified books group had announced earlier that the proposed $72.5-mil-lion issue of bonds will carry a coupon rate of112 words
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389 1990-01-13 14 S H LIM - By S H LIM ANALYSTS are bullish about the Singapore stock market in the 12 months to November this year, according to a survey published in the November report of the US-based Institutional Brokers Estimate System (IBES). The IBES poll,389 words
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Article235 1990-01-13 14 SINGAPORE’S trade with most of its Asian neighbours grew last year, according to Trade Development Board statistics released last week. Singapore’s exports to Asian countries for the first 11 months of last year rose to $41.07 billion from $37.13 billion in the same period of235 words
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Article70 1990-01-13 14 AP. THE United States bought $18.23 billion worth of goods from Singapore in the first 11 months of last year, up $1.28-billion from the same period of 1988. From January to December, the US sold $15.22 billion worth of goods to Singapore, a growth ofAP. - 70 words
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615 1990-01-13 15 GOH ENG YEOW - Move follows private placement of 58m shares By GOH ENG YEOW CONFIRMING market expectations of a further financing package, property giant DBS Land on Tuesday announced a second and much bigger scheme to raise money for its new projects and recent615 words
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399 1990-01-13 15 Bernama FABER Merlin Malaysia Bhd has failed in the Supreme Court to overturn a High Court order giving an interlocutory injunction stopping it from taking control of the Merlin Hotel in Kuala Lumpur. The Supreme Court dismissed the company’s appeal with costs against– Bernama - 399 words
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Article, Illustration324 1990-01-13 15 THE Singapore International Chamber of Commerce has forecast that the local economy will grow by 6.5 per cent this year, compared to 9.2 per cent last year. Mr Boon Yoon Chiang, chairman of the chamber, said slower growth is due to various reasons,324 words
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Article184 1990-01-13 15 MING Court Hotel Ltd, the locally-listed arm of property tycoon Ng Teng Fong, has announced that its application to the Government to buy Cairnhill View, a residential block in Cairnhill Rise, has been turned down. In a statement on Wednesdasy, it said the Controller184 words
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79 1990-01-13 15 IN ITS BID to further automate its operations, the Port Authority of Singapore on Wednesday signed a deal to buy 10 computerised cranes for $B3 million. Japanese trading giant C. Itoh beat five other competitors in an open tender to win the79 words
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527 1990-01-13 15 UNION Singapore Fund, aunit trust managed by Overseas Union Bank, has been ranked first among Singapore unit trusts. The fund grew 52.08 per -cent last year, surpassing the 42.62 per cent performance of the Straits Times Industrials Index. The fund invests in527 words
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169 1990-01-13 15 CEMENT prices, which doubled last year after four price hikes, are set to go up again in the middle of the year as a result of the shortage of raw materials. Industry sources said the construction boom in the region is expected169 words
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SINGAPORE SHARE PRICES
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Article3034 1990-01-13 16 SECTION ONE TRANSACTION DATE: JANUARY 12, 1990 1969 Gr’s Gra High Tel Last Vo< Day Last Quote Olv Dlv Y k) Net U Cap Low Cod* Company Sala -or- (’000) High Low Buyer Seller Cwr Pit Smll INDUSTRIAL COMMERCIAL 244 111 t 1000 Acme 236 •2 17913,034 words
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Weekly sharemarket review
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Article855 1990-01-13 17 A 653-POINT plunge in the Tokyo stock market its third sharp fall in four days checked the advance of the Straits Times Industrials Index for the second day yesterday. But the resilience of the local bourse enabled the In dex to recover sharply in the last855 words
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Article188 1990-01-13 17 ST Industrials Index THE Straits Times industrials Index rose 27.7 points on the week to 1,559.17 points. Day-to-day indices: MONDAY’: 1,547.42 points (up 15.95); 120.65in units (valued at S215.58m); TUESDAY: 1,55«. 48 (up 9.0fi); 127.89m units ($231.72*0); WEDNESDAY: 1,569.52 (up 13.01); 144.98m units (3208.59m)) THURSDAY: 1,566.07 (down188 words
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Article539 1990-01-13 17 '•■'M** Jtn 1? HK* 4./, *m#C Cvor*B*r or ■0 01 or* *001 Amoy PrcpOFti#* i.e?s ■€05 Asis S#c inti uneO A#?# $@e War 8" ose Bank o' tA woe unch Bond Co'p In»'» 1 40 •OM Bond Cco 81 Qa« •0 0? C p Po kph*f!d 0 85 un«8539 words
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Article1804 1990-01-13 17 TRANSACTION 1989/90 T» High Cow Cods DATE: JANUARY 12, Last Company Sals 1990 Vert Day or- 000) High Low Last Quote Buyer Seller ni 960 [Mil 980 if numb an 1739 Cheung Kong 980 3 730 735 750 730 1341 HongkongBank 730 -5 37 2 735 730 12181,804 words
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549 1990-01-13 18 EDMUND LOH - Field day for punters and stags expected with surge in new SES listing By EDMUND LOH THE gear shift is starting to move for new listings on the Stock Exchange of Singapore. At least three companies PentexSchweizer Circuits, Sime Singapore549 words
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315 1990-01-13 18 VAM SIBRAMANIAM - VAM SIBRAMANIAM, EN LINE with Prime Minister Lee Kuan Yew's recent call welcoming direct links between Singapore and individual Malaysian states. Trengganu is planning to establish shipping links with the Republic within the next six months. Disclosing this to The Straits Times, Mr315 words
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188 1990-01-13 18 THE first public flotation this year local stockbroking house Kim Eng Holdings appears likely to be a huge success, judging from the response to short-term loans offered by banks. Although several banks contacted declined to disclose the exact amounts188 words
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321 1990-01-13 18 with keen interest. — S.H. LDf - with keen interest. S.H. LDf. HOTEL Properties Ltd’s wholly-owned subsidiary, HPL Investment Development Pte Ltd, has upped its stake in Malayan Credit Ltd by another 2.1 per cent to over 19 per cent, following the purchase of 5 million shares Friday321 words
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Article755 1990-01-13 18 PROPOSED ISSUES Company RIGHTS ISSUE A Enterprises Three-for-four g M$2 30 per share C1C Two-for-hve g $2 10 per share; $50m 5% Bonds with 37 5m worronts to Be ottered on me Oosis ot 3 worronts tor every 10 shores held C 1 Holdings issue of755 words
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302 1990-01-13 18 WITH the upturn in the construction industry, a contractor had a higher one-in-seven chance of making a successful tender for construction deals last year compared with a one-in-nine chance in 1988. And a spokesman for the Construction Industry Development Board said the302 words
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Article26 1990-01-13 18 PENANG-BASED Leader Cable Industry Sdn Bhd has signed a $2O 8-million with Intraco Ltd of Singapore for the supply of telephone cables.26 words
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Article, Illustration505 1990-01-13 19 SIVAM SUBRAMANIAM - Board sees job this year as ‘more difficult but challenging’ By SIVAM SUBRAMANIAM SINGAPORE attracted an estimated $1.95 billion worth of investments for the whole of last year, according to latest Economic Development Board indications. While this was more than what it expected, the505 words
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324 1990-01-13 19 FRIDGE-maker Acma Electrical Industries Ltd is expected to incur a consolidated loss of $7.1 million after taxation and minority interests but before extraordinary items for the financial year ended last Dec 31. This was revealed in a circular to shareholders relating324 words
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140 1990-01-13 19 STEAMERS Maritime Holdings has appointed Mr Chung Chee Kit (right) as an executive director on its board of directors. Mr Chung will be responsible for business development. With his appointment, Steamers now has two executive directors, the other being Mr Andrew C. T. Tan who140 words
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Article476 1990-01-13 19 lion) last year. DOREEN Slow - lion) last year. DOREEN Slow. AFTER lengthy negotiations, Singapore’s largest printing company, Tien Wah Press (Pte) Ltd, looks set to be sold to Dai Nippon Printing Company Ltd, instead of to Times Publishing Ltd. The deal with Dai Nippon is being finalised and476 words
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Article, Illustration437 1990-01-13 19 DOREEN SIOW - By DOREEN SIOW IN A major top-level reshuffle, DBS Bank has announced that executive vice-president (EVP) Lim Yong Wah is leaving the bank. The bank also announced appointments of three new EVPs and six new senior vice-presidents (SVPs). Under the bank’s corporate437 words
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82 1990-01-13 19 MANTLA Philippine economic growth will slow down to 5 per cent this year after last month’s bloody coup attempt scared off foreign investors, the state-run Philippine National Bank (PNB) forecast this week. Ms Mel Singson, Senior Economist for the country’s largest commercial bank,82 words
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Article392 1990-01-13 19 Week ended Jan 5. Compiled by Business Times. Preliminary results Gross Group pre-tax Year to Company dividend protit/loss (’OOO)T Pacific Can $562b (SNA) Sept 89 Van der.Horst $1,801 ($639) Sept 89 Wilkinson 4.5c (16.5a) M$7,454 ($6,721) Sept 89 Interim results Interim Group pre-tax Half Year to Company dividendCompiled by Business Times. - 392 words
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FORUM
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514 1990-01-13 20 Readers’ views on quota system for new cars THE Select Committee on Land Transportation has noted, correctly, that a quota system is a more effective method of curbing the number of motor vehicles on the road, compared to a system of pricing514 words
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206 1990-01-13 20 Xmas and S’poreans: What I said by MP Peh I thank your reader, Mr Adrian Villanueva, for pointing out that Christmas is not a Western festival (ST. Deo 28Overseas Edition, Jan 6). Christianity has its origin in Western Asia. However, I believe that the manner in which Christmas is celebrated206 words
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424 1990-01-13 20 THE Report of the Select i Committee on Trans- portation presupposes that the level of congestion on Singapore’s road network is approaching an intolerable level. As a preventive measure, it recommends that a quota system rather than a pricing j mechanism424 words
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Advertisement142 1990-01-13 20 m n m m The Straits Times Weekly Overseas Edition. A crisp summary of the week's major happenings in Singapore. Politics, business, the 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 Weekly142 words
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Advertisement132 1990-01-13 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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Advertisement295 1990-01-13 21 < > SINGAPORE ENGINEERS WITH VISION mm -'«W smr-^ioj v; -W<i ,S *W •••>:>.:, :-x.- v I» sr w MMP At EDB, we insist that engineers must have vision a vision to see Singapore as a developed nation by the *****. A nation that is as good as any developed295 words
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Advertisement1126 1990-01-13 22 APPONTMENTS KEPPEL OIL AND GAS International Pte Ltd SERVICES PTE LTD (A member of the Keppel Group) We invite applications from suitably qualified candidates for the position of:Assistant General Manager Candidates should preferably possess a degree in Building Construction or equivalent with a minimum of eight years' working experience and1,126 words
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TIMESPORT
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537 1990-01-13 23 TAN THEAN LOON - Stiffer, standardised penalties for wrong-doers By TAN THEAN LOON THE Malayan Racing Association, in furthering their clean-up on local racing, have standardised penalties for several offences. The harshest punishment involves jockeys, trainers and owners found guilty of not allowing a horse to run537 words
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Article207 1990-01-13 23 Under four other MRA rules (see table) for various offences, the set penalties include minimum fines, suspensions and disqualifications. The new penalties came into effect last Saturday, the same day the jockeys’ demerit points system was introduced. (Under that new rule, jockeys are given a demerit point207 words
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Article212 1990-01-13 23 KEDAH are not keen to reemploy Singapore's V. Sundramoorthy for this season's Semi-Pro Division One League competition. Last year’s losing Malaysia Cup finalists have decided not to recruit Asian players for the new season and are instead looking for Europeans to strengthen their squad.212 words
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Article431 1990-01-13 23 J RAJENDRAN - SOCCER by J RAJENDRAN JITA SINGH, who was full-time coach last year, is willing to continue coaching the Singapore soccer team, but only on a part-time basis. He reached his decision to opt for a part-time coaching job after studying the terms of employment for431 words
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Article166 1990-01-13 23 THE top gons dished oat below-par performances as the minnows made them straggle for points In the opening week of the Premier League which began last weekend. Defending champions Geylang International and star-studded Bales tier United were held to goalless draws by under-rated SAFSA166 words
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Article, Illustration488 1990-01-13 23 S’pore-born Paul Lim makes darts history and pockets $160,000 SINGAPORE-BORN Paul Lim made darts history in Frimley Green, England, on Tuesday night when he achieved the first ever nine-dart check-out in the World Darts Championship. This tremendous feat, which earned him £52,000 ($161,000), came in the first leg488 words
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877 1990-01-13 24 But some ask how religion and politics can be kept apart THIRTEEN religious leaders have expressed their support for the proposed legislation to maintain religious harmony, but some asked how politics and religion could be kept separate. The leaders877 words
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108 1990-01-13 24 THE Community Chest of Singapore this year gave out a record $16.2 million to 39 charities, Including six new organisations that have come under Its wing. Dr Ee Peng Liang, president of the Community Chest, said this year is especially meaningful because “it represents how108 words
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Article, Illustration654 1990-01-13 24 GERRY DE SILVA - By GERRY DE SILVA TWO Government-owned companies have joined hands with Indonesian tycoon Idem Sioe IJong to develop and manage a 590-hectare industrial park on Batam Island a venture which may serve as a model for future projects in Indonesia.654 words