The Straits Times : Weekly Overseas Edition, 26 May 1990

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, MAY 26, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89
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  • 894 1  -  Groundwork laid for 20-30 years of economic ties with KL and Jakarta By Alan John in Paris PARIS Singapore and its closest neighbours. Indonesia and Malaysia, have laid the grounuworK for 20 to 30 years of economic' collaboration. Mr ~ee Kuan Yew said on Wednesday.
    Picture by ROBERT CHIA.  -  894 words
  • 619 1  -  Prepared by EDB, it sets out Singapore’s views on the three-way ties By Bertha Henson SINGAPORE has sent a concept paper to the Johor government outlining the basic objectives of a "triangle of growth” between Singapore, Batam and Johor. The paper, prepared by
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  • 187 1 SOUTH-EAST Asia specialist Francois Raillon of the French National Centre for Scientific Research asked Mr Lee: “Where do you stand as a Singaporean?" He said he was a bit worried about Singapore's identity, because it was surrounded by Malays and Indonesians and wanted to
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  • Page 1 Advertisements
    • 11 1 Columnist Levin declines PM’s offer of face-to-face TV encounter: Page 8
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    • 73 1 i' V'." ~V 0993.1 «y| =~:r S,‘- tiwiii. •ui Membership Hus Its Privileges mm The new S’poreans PAGE 9 NEWS FOCUS S'pore best place for the three races, says Raja PAGE 2 Viet who fled Saigon in stolen plane returns to Singapore PAGE 3 HOME Love ‘put to the test'
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  • NEWS FOCUS
    • 488 2 SOME 100.000 people basked in some six hours of fun. song and dance at the launching of the Republic’s third Community Week in Orchard Road last Sunday. President Wee Kim Wee opened Unity Day by unveiling its logo, a banner depicting Singapore's four main
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    • 591 2 The only discrimination here is based on merit, he says at opening of Hindu Centre SINGAPORE is the best place to be for Indians. Malays and Chinese as there is. by and large, no racial or religious discrimination here, former Senior Minister
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    • 427 2 STARRY, starry nights... They’re guaranteed in August in Singapore, no matter what the cloud cover or the weather. August nights here will be transformed almost into day as the nation becomes an island of starry lights for the Ministry of Defence’s islandwide light-up.
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    • 369 2 THE leader of a visiting Dutch parliamentary delegation has praised the Urban Redevelopment Authority for incorporating transportation needs in its plans for land use. Mr M.B.M.J. van Vlijmen, who is chairman of the Netherlands Parliamentary Committee for Transport and Public Works, said on Monday that such
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    • 687 3  -  By Dominic Nathan FOUR new regional centres are to be set up to attract businesses away from the congested and expensive city centre and to make the most of infrastructure like the MRT and expressways. These places for business and
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    • 330 3 IT WAS a night of nostalgia for an audience of I,IM mostly elderly folks who were transported back to their younger days through song and dance. leading them In the journey were three well-known overseas actresses-cum-singers of their generation, who gave a show to
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    • 426 3 SINGAPORE hopes to see more environmental-technol-ogy companies using the Republic as a base for the transfer of environmental technology and expertise to developing countries. The point was made by Environment Minister Dr Ahmad Mattar on Monday when he opened a three-day symposium, Our
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    • 422 3  -  By Tan Ee Sze FIFTEEN years ago, Mr Pham Quang Tam, then a captain in the South Vietnamese Air Force, landed at Paya Lebar Airport in a stolen Hercules C-130 plane. He had fled Saigon with 55 other Vietnamese, including
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  • PM’s visit to Turkey and France

  • PM’s visit to France
    • 620 5  -  Reports by Alan John PARIS Mr I,ee Kuan Yew ended his five-day visit here on Thursday encouraged by the change in outlook among major French industrialists. Having met two influential groups of industrialists and employers, he said he found them more forward-looking and international in
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    • 498 5 PARIS Prime Minister Lee Kuan Yew renewed his challenge on Wednesday to debate openly with any Western journalist anywhere to defend the way he governs Singapore. “I govern Singapore with the consent and votes of the Singapore people, not the consent and votes
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    • 207 5 I wilt be very unhappy if I felt that all that I have done has been a waste of time. Therefore I would like to spend the rest of my life making sure that what I have done has not been a waste of time.
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    • 298 5 PhDs now involved in research and teaching at the university PARIS Singapore has recruited 55 Chinese doctorate holders from overseas universities since Beijing’s Tiananmen Square tragedy last June, Prime Minister Lee Kuan Yew revealed here on Wednesday. They were now engaged in research and teaching
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    • 412 5 PARIS: Singaporeans need to overcome a “terrible psychological complex” that stops them from taking advantage of opportunities in non-English-speaking countries, Mr Lee Kuan Yew said on Wednesday. But the Prime Minister hoped the 1996 s would see Singapore investors moving into France, and more
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  • HOME
    • 595 6  -  By Alan John in Paris PARIS This is the city of romance, and love was in the air when Ambassador David Marshall and his wife threw a party for 100 Singaporeans living in Paris. Several of their guests were
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    • 203 6 FOLLOWING its success in the United States in March, the Singapore government is mounting another overseas graduate recruitment drive, this time in Australia and New Zealand, in August. About 20 employers have expressed interest in taking part in the career fair
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    • 464 6  -  By Foo Choy Peng Hongkong Correspondent HONGKONG In anticipation of more Singaporeans working abroad, the Singapore Education Ministry is studying the possibility of expanding boarding facilities in secondary schools for children of these people. “I think we should develop a network of
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    • 393 6  -  child. MARGARET THOMAS. ISTANBUL This city may soon have a Singapore Club. Five Singapore women, ail married to foreigners working in Istanbul, are thinking of forming such a club so they can keep in closer touch with what is happening in
      Picture by ROBERT CHIA.  -  393 words
    • 430 7  -  By Serena Toh SINGAPOREAN brain surgeon Dr Prem Pillay is one of a team of three doctors in the United States to have pioneered a new operation to relieve chronic cancer pain. Called cingulotomy. the operation involves ‘‘vaporising” or burning away
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    • 160 7 MORE than 1,000 chief executive officers from the leading multinationals in Singapore will take part in the second Global Strategies conference to be held here next month. The theme of this year’s three-day conference, to be held at the Raffles City
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    • 628 7 A THREE-JUDGE court on Monday cleared lawyer Peter Yap of misconduct in connection with the payment of a Queen's Counsel’s fee of (150.000 (*****,000) in the Tan Koon Swan case. A disciplinary committee had found him guilty in June 1988 of grossly improper
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    • 352 7 NTUC INCOME has come a long way since its birth under “unpromising circumstances” 20 years ago, said Education Minister Tony Tan last Saturday. At the end of its first full year of business, its total assets came to $1.3 million,
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    • SNIPPETS
      • 177 7 THIS human chain of Raffles Institution boys helped to shift some 15,000 library books in preparation for the school’s move to its new site in Bishan. The chain was formed by 10 boys, who were among the 600 helping in the big move
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      • 104 7 THE joint exercise between the Indonesian Navy and the Rupublic of Singapore Navy was officially opened on Wednesday at the Brani Naval Base. Colonel Kwek Siew Jin, RSN’s Fleet Commander, noted that since 1974, the two navies have built up a close and cordial
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      • 116 7 “TOP-DOWN” demolition work is under way on a familiar landmark in Orchard Road the Lido Theatre. The 31-year-old cinema together with the present Shaw House is making way for a new Shaw House, a $4OO million commercial, shopping and cinema complex. A Shaw Organisation spokesman
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    • 1002 8 A LEADING British newspaper critic of Mr I,ee Kuan Yew has declined an offer by the Prime Minister to meet him face-to-face over television to discuss all the allegations he made against the Singapore leader in a recent column. According to documents
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    • 1393 8 Below is the correspondence relating to the PM's invitation to Mr Bernard Levin to interview him over the BBC Prime Minister to Simon Jenkins, Editor of The Times; Ma> H, 199« Dear Mr Jenkins, I write to you in connection with the
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    • 2528 9 They came, they saw and they called Singapore home. While a move is underway to attract talented overseas Indians to the Republic, a number of Indians have unobstrusively been sinking their roots here. They range from academics and professionals to businessmen and brides. Ravi Veloo talks to
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  • MALAYSIA
    • 295 10 JOHOR BARU Mr Goh Chok Tong on Tuesday night led a party of 20 senior government leaders and officials to a Hari Raya dinner function hosted by Tan Sri Muhyiddin Yassin, Johor’s Mentri Besar The Acting Prime Minister was the guest-of-honour at the function
      * »wujwiu». MMX X lIIIU 11« Picture by WONG KWAI CHOW.  -  295 words
    • 470 10 NST JOHOR BARU Johor plans to send a high-level team of officials to Batam soon to explore possibilities for economic co-operation. Mentri Besar Tan Sri Muhyiddin Yassin said on Thursday The move, he said, would be in line with the aim of
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    • 125 10 Bernama JITRA (Kedah) The National Front expects to face the opposition in all constituencies in the coming general election, Culture and Tourism Minister Datuk Sabbaruddin Chik said on Tuesday. He said that this was because the opposition parties had worked out a pact
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    • 394 10 Tamil schools. NST. Bernama. GENTING HIGHLANDS Education Minister Anwar Ibrahim has hit out at those seeking to politicise the reforms contained in the proposed Education Act 1990 He said educationists and teachers who were dissatisfied with the proposed changes, which will be tabled
      Tamil schools. NST. Bernama.  -  394 words
    • 128 10 KI'ALA TRENGGANU The state government, in an effort to cheek the sharp fall In turtle landings at Rantao Abang, has come up with guidelines on turtle watching. It has decided to divide the turtle-watch-ing area Into three main categories to facilitate proper crowd control. There will
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    • 550 10  -  By Ismail Kassim KUALA LUMPUR Opposition leader Tengku Razaleigh Hamzah has said that the Spirit of ’46 will seek social and political changes through peaceful means and due process of the law. His party, he added, would accept the decision of
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    • 636 11  -  By Ismail Kassim KUALA LUMPUR Several leaders of the opposition Parti Islam (PAS) have accused Singapore Prime Minister Lee Kuan Yew of interfering in Malaysian politics by making statements in favour of the ruling National Front. In a report
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  • COMMENT/ Pick of the week’s editorials
    • 668 12 MAY 26. 1990 RACISM is like the common cold. Both come with the air people breathe; neither can be prevented; resistance is the only answer to either. I/’ft unchecked, however, racism becomes a new disease, cancer, spreading through the hotly politic till the outbreak of Nazism or
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    • 649 12 MAY 24. 1990 WHEN Education Minister Dr Tony Tan announced in February that the National Technological Institute would become a full-fledged, comprehensive university next year, he indicated strongly that the Government was shelving its plans "for a third university, at least for the immediate future. Asked
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    • 659 12 MAY 23, 1990 THE good news coming out of last week's “exploratory" talks between the Philippines and the United States over the future of American bases in the Philippines is that the two sides will continue their discussions on renewal of their bases agreement. The not-so-good
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    • 781 12  -  Viewpoint By Salim Osman IS THERE discrimination against the Malays? This is a subject which many Malays are not comfortable talking about openly, especially with the other races. Many prefer to discuss it only within close circles for fear of being branded
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    • 83 12 “When I see American senators and congressmen smashing Hitachi television sets and motorcars from Toyota, I feel very sad, because yon are smashing the product, you are not smashing the brains that gave us the product.” PM Lee Kuan Yew on the futility of stemming Japanese competition. “Now, you
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  • COMMENT
    • 2296 13 First of a two-part article by Dr Goh Keng Swee Unravelling the Chinese mystery has been the preoccupation of many Western scholars a task made more difficult by the dearth of information on the country. Two American scholars, Kenneth Lieberthal and Michel Oksenberg, visited China
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  • MONEY
    • 653 14  -  By Doreen Siow NATIONAL carrier Singapore Airlines (SIA) had another record year which saw group after-tax earnings breaking the $1 billion mark for the first time. SlA's after-tax profit of $1.2 billion for the year ended March 31 was
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    • 285 14 OIL GIANT Shell has started work on an eightkm submarine pipeline to link its Pulau Bukom refinery with its new oil terminal in Jurong. The project, estimated to cost more than $3O million, is expected to be ready
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    • 334 14 GERMAN chemical group BASF, which set up its regional headquarters here from January this year "to participate in the growth of the Asian region”, will huild a MslM-million (Ss69 million) plant in Johor’s Pasir Gudang to manufacture expandable polystyrene (KPS). The company
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    • 300 14 G. K. GOH Holdings, the second local stockbroking house to be floated on the Stock Exchange of Singapore, has received an oversubscription rate of 107 times for its public offer, which closed on Tuesday. The flotation attracted 98,490 applicants for 4.87 billion
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    • 267 14 Manager's prices for May 26 28 Singapore Unit Trust The Commerce 1 25—1 35xd The Savings Fund 109-1 16 S pore Prog Fund 0 49 —0 52 S’pore Sec Fund 0 84-0 89 S pore Invest Fund 0.92-0 98 S pore Equity Fund 0 58-0 62 Asia Unit
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    • 548 15  -  By Caroline Chan SURPASSING even the most optimistic expectations in its takeover bid. United Industrial Corporation (UIC) has emerged with a a whopping 67.4 per cent stake in Sing Land with 88.88 million shares. In just nine months, the aggressive predator UIC
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    • 514 15 Week ended May 18. Compiled by Business Times Final results Gross Group net Company dividend profit/loss (’000) Year to ANA Hotels $458 ($3.6921) Dec 89 Cathay Pac 210 (180) HK$3.321d ($2.824d) Dec 89 H Negara 10 (2) $756 ($231) Dec 89 WISC 20TE (15TE) W$430.682 ($390,195) Dec 89
      Compiled by Business Times  -  514 words
    • 546 15  -  By Lynette Ong MOMENTUM Is gathering here for the introduction of data protection laws to ensure greater individual privacy, as well as a higher standard of professionalism in the running of computerised databases in Singapore. A high-level committee of lawyers has drawn
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    • 419 15  -  By Koh Bee Ann ‘‘A DREAM come true.” said United Industrial Corporation president and chief executive officer Oei Hong Leong of his feelings after gaining a 67.4-per cent stake in Singapore Land. He was also ‘‘delighted’’ that Sing Land founder S.
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    • 170 15 Singapore dollar* to one unit of foreign currency Buying 00 Selling US dollar 1.832C 1 8540 Sterling pound 3 0818 ***** Australian dollar 1 3869 1 4276 Canadian dollar 1.5369 ***** NZ dollar 1 0409 1 0753 Singapore dollar* to 100 unit* of foreign currency Austrian schilling 15
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    • 108 15 Contract data: 25/5/90 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE us$ P, 7v, 7H 7% 8 7 Vi 29/5/90 AS 13 5 13*4 13 3 13 s 'i 13*4 12V, 29/5/90 m 12'. 12v, 12*4 12v. 12v, 104 29/5/90 STG
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    • 2264 16 Gr’s two T*l Laat Vol Day Last Quota Olv Net High LOW Cod* Company Sale Of000 High Low Buyer Seller Pit INDUSTRIAL COMMERCIAL 261 191 < 1000 Acma 256 -1 471 257 255 256 258 »0 165 1142 Alex Hldgs 50c 270 60 482 245
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    • 827 16 Gr'e 1990 Tel Lett Vol Oey Last Quote Die Dele High Low Coda Company Sale or000 High Low Buyer Seller Peyebte 190 130 X •565 C4C Wt 187 2 483 189 185 187 188 306 175 t 1543 CK Tang Wt 90 182 susp 77% 68
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    • 450 17 The weekly sharemarket review THE local bourse started the week well. Focus was on Singapore blue-chips and only selected Malaysian stocks on the Clob International. But profit-taking set in by mid-week and focus switched out of index to non-index stocks as
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    • 2235 17 TRANSACTION DATE: MAY 25. 1990 Tel Last High Low Cod# Company Sal* 1990 Of Voi Day 000 High Low Leal Quote Buyer Seller Ora Dlv V. Net Pit SESD 157 127 IAQ t 4000 Amtek Eng20e 134 -1 11 134 134 134 135 6 ON 17 0 126
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    • 181 17 ST Industrials Index The Straits Times Industrials Indei gained 12.47 points on the week to 1565.35 DAY CLOSE TURNOVER Monday 1570 99 18.11) 7158 m (J170 26 m) Tuesday *****9 7 6) 104 19 m ($212 84 m) Wednesday 1572 95 (-5 64) 104 27 m ($187
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    • 716 17 Friday May K HKf Amoy Properties 2 85 -0 07S Allied Overseas 1 12 *006 Asia Sec int i 230 *005 Asia Sec Wa- 9i 039 uneh Allied Tw 092 -0 01 Bond Corp Ini I 2 025 -0 025 Bond Corp Wa' 91 0 82 -0 03 Bank
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    • 565 18  -  By Steven Pak and Bertha Henson THE Monetary Authority of Singapore (MAS) is seeking input from the insurance community on its draft guidelines to boost the professionalism of insurance agents, supervisors and firms. Sources said MAS sent out the draft guidelines
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    • 321 18  -  By Gerry de Silva HOME-CROWN Je T’aime Jewellers is preparing a major assault on the American and European jewellery markets through a joint venture with Indonesian tycoon Liem Sioe Liong's Salim Group. Under a pact finalised
      IJanhe Zaohao picture.  -  321 words
    • 584 18 Private sector must help make conservation projects viable: URA chief THE chapel in the Convent of the Holy Infant Jesus (CHIJ) complex would be restored and used in a way that is "dignified and sensitive to its history", said Mr Liu Thai Ker
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    • 396 18 SINGAPORE last year retained its title as the world’s top bunkering port for the second consecutive year, supplying 10.8 million tonnes of bunker to vessels calling at the port. According to the Port of Singapore Authority’s annual report released on Tuesday, this was
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    • 362 19 HONGKONG-BASED Burwill Holdings, which made its debut on the local stock exchange on Tuesday, is studying the possibility of jointly setting up a steel decoding facility in Singapore with Intraco. Speaking at a press conference on Monday to launch the trading in the group’s
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    • 73 19 SINGAPORE’S investments in the Philippines last year shot up by more than 10 times to exceed $4O million, and this figure is expected to swell further this year. Professor Melito Salazar, the Governor of the Board of Investments in Manila, said on Monday the recent investment incentives
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    • 1302 19 Current Ex Books Date Total for Total for payment date close payable the year last year BAI 8% lun 8 Jun 22 Jul 2 8% 5% Bonvfsts 3% Jun 25 Jul 6 Jul 18 3% 3% Bowtead 5%(l) Apr 18 May 4 Jun 7 5% 15% Bousteadco 3%
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    • 363 19 INTRA-ASEAN trade is not likely to be affected by the strengthening of the Singapore dollar against the currencies of the other Asean nations, said the DBS Bank. In a report, Outlook for Asean currencies in 1990, released over the weekend, the bank
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    • 358 19 Company Rights Issue Apolo One-tor-one $185 per share Ex-date: Apr 23 Books Close May 7 Acceptance Payment Jun 15 Irpj One-tor-one <& M$0 70 per share Ex-date Apr 9 Books close: Apr 24 Acceptance Payment Jun 12 MU Two tor five <a MJ1 90 per share Ex-date Apr
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  • FORUM
    • 290 20 NICK Khosla's Remembering Garrick (The Sunday Times, May 13) struck a nostalgic note and brought back memories of pleasant childhood days. I grew up in the neighbourhood linked by Taj, Garrick, Hollywood and Queen’s cinemas. Except for Hollywood, the other three cinemas screened
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    • 377 20 KKOM time to time, Singaporeans’ composure would be rudely shaken by activities which, although conceived and promoted with the best of intentions, unexpectedly produced the wrong outcome. The Senior Minister of State (Education), Dr Tay Eng Soon, in his address to the students of National
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    • 477 20 I READ Minister for Law and Home Affairs Professor S. Jayakumar's comments concerning the alarming brain drain of Indian Singaporeans during my recent visit abroad (Straits Times Weekly Overseas Edition, April 28). I am glad to learn the Government is concerned
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  • Page 20 Advertisements
    • 144 20 r V V 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 Weekly Overseas
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  • Page 21 Advertisements
    • 322 21 APPONTMENTS HI Ml II Rl CILB The Club is committed to the achievement of maximum efficiency and excellence in horse-racing and recreational facilities. We invite applications from suitably qualified candidates to join the Club in fulfilling this commitment in the positions of: PROPERTY MANAGER The selected candidate will be responsible
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    • 231 21 m >5 s Career opportunities in Singapore SENIOR FINANCIAL ANALYST You will be responsible for financial reports, budgeting, forecasting and analysis of the PCB manufacturing operations. You must have a Degree in Accountancy andor a CPA qualification with at least 3 years experience in a high volume manufacturing environment. Knowledge
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  • Page 22 Advertisements
    • 532 22 APPOINTMENTS For A Specialised Career In TPF Advanced Integration Systems PteLtd Advanced Integration Systems Re Ltd was set up m 1989 in a joint effort by the two leading giants in Information Technology Computer Engineering Systems Re Ltd (a member of Singapore Technologies) and IBM (Singapore) Re Ltd. As the
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    • 421 22 SINGAPORE POLYTECHNIC r* ACADEMIC POSITIONS (Salary: $1967 $5667 pm) r\ Applications arc invited from suitably qualified persons for lecturing positions. The point of entry will depend on qualifications and experience. CHEMICAL PROCESS TECHNOLOGY DEPARTMENT A good honours degree or professional qualifications in Polymer Engineering. Applicants must be experienced in Plastics
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  • SPORTS
    • 467 23  -  By Peter Khoo COMPANIES should monitor the fitness levels of their employees and introduce a reward or recognition system to motivate them to keep fit. Mr Ong Teng Cheong, the Second Deputy Prime Minister, said that studies in the
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    • 778 23  -  Edwards and Saad surprised by Changi Airport reception By Joe Dorai IT WAS no surprise that Australians Alistair Edwards and Abbas Saad were given a hero’s welcome by local soccer fans at Changi Airport on Tuesday night, even though they have yet to pull on
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    • 342 23  -  Thomas Cup By Peter Siow NAGOYA (Japan) Indonesia’s eight-time AllEngland champion Rudy Hartono, 41. looking far leaner than before his heart operation last year, does not hold high hopes for his country in the Thomas Cup final rounds. He picks China to win
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  • 828 24  -  Plan to become full-fledged varsitv gets a boost By Tan Ee Sze THE Nanyang Technological Institute has signed a five-year link-up with the Massachusetts Institute of Technology a move which will boost its preparations to become a full-fledged university next July. The collaborative agreement,
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  • 466 24 THE Singapore economy is likely to grow by about 8 per cent this year, said Mr Mah Bow Tan, Minister of State (Communications and Information and Trade Industry). Briefing the press on Tuesday on Singapore’s firstquarter economic performance, Mr
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