The Straits Times : Weekly Overseas Edition, 30 June 1990

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JUNE 30, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89
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  • 682 1 Skills training by video at home Fast Forward aims to reach out to 500,000 workers without formal training; pilot scheme to start MORE than half a million workers who have not had any formal training can now upgrade their skills in the comfort of their living rooms. A two-year pilot
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  • 205 1 ENTERTAINING EDUCATION! Business intrigue, romance, family feuds and cliff-hanging suspense these are not ingredients of a soap opera, but part of a training programme. The programme is a multi-media video package to train workers in the comfort of their homes. Fire in the Heart, a video drama series
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  • 712 1  -  By Sunny Goh SOME 130,000 public sector employees will receive extra pay of 1 1 -month next month and ITs-months in December, making a total of 2 5 s months of bonus this year. This is made up of one month of fixed non-pension-able
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  • NEWS FOCUS
    • 804 2  -  Convention to help chart directions for community By Zuraidah Ibrahim MORE than 200 Maid* Muoiim professionals will be coming together in October to brainstorm the issues and challenges facing their community and chart directions for the 21st century. Besides discussing strategies for the future, they
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    • 471 2  -  By Charmaine Chan and Elaine Tan AN ELECTRICIAN swallowed a fish bone during an overseas fishing trip and died of internal bleeding five days later. The bone had punctured his food passage (oesophagus) and a main artery (aorta). Mr Choor Thong Meng, 40,
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    • 456 2  -  By Serena Toh A SPECIAL procedure was done to remove a denture of two false teeth from the gullet of a woman who had accidentally swallowed it. A scope and forceps wore lowered into the gullet to locate and break the
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    • 637 3 THE SAF will continue to deploy top-rated Non-Com-missioned Officers to officer slots and may eventually convert some of these positions to NCO jobs. Acting Defence Minister Brigadier-General (Res) Ixh? Hsien Loong said this on Wednesday at a promotion ceremony for senior NCOs when he
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    • 534 3 Pager syndicate took in $8.4 million in bets TWO suspected members of a bookmaking syndicate which accepted bets totalling about $8.4 million since the World Cup started were arrested by the police on Tuesday. Acting on a tip-off. officers from the ClD’s Gambling
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    • 458 3  -  By F. Nathan WORLD Cup fever might have developed into World Cup Flu in Singapore. Some doctors have reported a rise in influenza cases, with a higher-than-usual number of men reporting sick with aches and pains, headaches,
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  • HOME
    • 562 4  -  By Yeo Kim Seng A NUMBER of new graduates prefer to holiday abroad before they begin the serious business of looking for jobs. And many go on their jaunts, mainly to the United States and Europe, in groups. This is happening at
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    • 491 4 BINGAPORK graduates will get a new (uplo next month. Dr Eileen Aw, 51, who heads the Social Development Unit (SDI the government matchmaking organisation for graduates, will he succeeded by the director of the Curriculum Development Institute of Singapore, Dr \ng Wal Hoong.
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    • 482 4 CHILDLESS Singaporean couples are now looking to China in their efforts to adopt children. Since last year, about 20 couples have adopted children from China or are in the process of doing so. Previously, there have been a few cases of adoptions from China
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    • 324 4 CHEERS to Singapore! The Singapore Cheer is here and no, it's not a drink It's an inspiring, heart-warming chant of pride in Singapore. It was launched at an hour-long ceremony at the Westin Stamford on Thurs day. when it had the 2,(XXk strong
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    • 531 5 Operators contend there was no proof they arranged sex between client and masseuse CAN a health centre operator be convicted of managing a place of assignation if there is no evidence that the operator had personally arranged for sex between a
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    • 389 5  -  By Tan Ban Huat TO BECOME effectively bilingual, Chinese pupils here should aim to be as fluent as a native Chinese speaker before going on to secondary school, a Taiwanese linguist has said. Professor Mei Kuang of the National
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    • 381 5 THE Singapore Government has failed in its bid to claim diplomatic immunity over two allegedly libellous advertisements that are the subject of a suit by Mr J. B. Jeyaretnam. Master Hodgson of the London High Court’s Queen’s Bench Division ruled
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    • SNIPPETS
      • 167 5 Brazilian seeing the world on a bike BRAZILIAN MONIIKA Vega is on a round-the-world trip on a motorcycle for two reasons to make it into the Guinness Book of Records and to find out more about the world’s social and environmental problems. Miss Vega, 28, a writer and photographer, arrived
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      • 67 5 MR HERMAN Hochstadt (right), chairman of Neptune Orient Lines and a former senior civil servant, has been appointed as Singapore's first High Commissioner to Tanzania. He presented his credentials to President Ali Hassan Mwinyi of Tanzania on Tuesday. He will be resident in Singapore and
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      • 157 5 PERSONALITIES who have done Singapore proud, like entertainer Anita Sarawak, gynaecologist Professor S. S. Ratnam and former Asian sprint queen Chee Swee Lee, will be profiled in a series of video filmlets over two months, starting on Sunday. Called Celebration Minutes, the nine four-minute filmlets
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    • 34 6 1988: The casual look MPs sporting the casual look of open collars and short-sleeve shirts. 1990: The smart look The “new look" Parliamentarians with their jackets and ties
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    • 476 6  -  Television coverage turns spotlight on personal grooming By Susan Loh MANY Members of Parliament are now snappier in their dressing, and this is not because they are required by any House rule to be more sartorially impressive. Although television coverage has heightened some MPs sensitivity towards personal grooming
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    • 351 6 SCHOOL anniversary celebrations have become such big affairs these days that one school has even engaged the services of a professional director to compose a musical to mark the event. The school: Raffles Girls' Secondary School, which is celebrating its 111th anniversary
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    • 452 6  -  By Ng Wei Joo EXPERTS here have discounted Western reports that the health of computer monitor users may be endangered by the electromagnetic fields generated by the machines. The Department of Scientific Services' unit dealing with radiation had this to say: “There
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    • 549 7  -  By Chua Chong Jin RESULTS of the keenly-con-tested Student of the Year 1989 Award for junior college students are out after months of discussion and paperwork by principals and teachers. The selection process for the prestigious award started as early
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    • 390 7 WITH two As and two Bs for his GCE A level, Philip Tan of Victoria JC never expected to be in the running for Student of the Year title. But to his surprise. he was chosen as one of the four
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    • 338 7 SINGAPOREANS set another world record on Sunday by forming the longest canoe raft to celebrate the nation’s 25th anniversary. More than 400 canoeists succeeded in linking 376 canoes, holding together each other’s canoes while free-floating, to break the previous record of
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    • 262 8 Parachutists and commandos set to steal show at military tattoo A HEART-STOPPING spectacle of 48 parachutists hurtling earthwards from six helicopters in a free fall will be one of the highlights in the Singapore Armed Forces Military Tattoo. The three-day tattoo, which started
      Pictures by Chew Seng Kim  -  262 words
    • 385 8  -  By Cephah Tan THE Singapore Armed Forces gets its eighth serving general tomorrow. Colonel Patrick Choy Choong Tow. 42, Commander of HQ 3rd Division, will be the most senior SAF officer to be promoted this year. His promotion to Brig-adier-General brings
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    • 366 8 PROMINENT physician and teacher of many doctors, Professor Seah Cheng Siang, died last Saturday after a long liver illness. He was 68. He leaves behind his wife Margaret, a retired general practitioner, and two sons and two daughters aged between 26 and 35. Prof Seah had
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    • SAF best unit winners...
      • 328 9 ARMY: Best Combat Unit Ist Commando Battalion The Singapore Armed Forces' Best Unit Competition, heid annually, honours the best in the Singapore Armed Forces. Here The Straits Times lists some of the winning units and looks at how they got there. The commandos, the RSS
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      • 309 9 NAVY: Best Ship RSS Sea Dragon THE highlight of Sergeant Chia Tian Seng’s 5 1 2 -year naval career involved the tracking of the sophisticated Gabriel missile after its launch and directing it to its target for a direct hit. Aside from being
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      • 201 9 AIR FORCE: Best Fighter Squadron 143 Squadron LIKE the phoenix the mythological bird that rises from its ashes with renewed vigour and strength the Super Skyhawks of the 143 squadron, which have the phoenix painted on their sides, got a new lease of life when they
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      • 190 9 Best Air Defence Artillery Unit 165 S’pore Air Defence Artillery ENSURING that the skies are kept clear of intruders is the task of soldiers from the 165 Singapore Air Defence Artillery (Sada) unit. They man the Rapier missile system a
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  • MALAYSIA
    • 522 10 Bernama ARAU (Perlis) Prime Minister Datuk Seri Dr Mahathir Mohamad, urging Malaysians not to be fanatical about Bahasa Malaysia, has called for a renewed mastery of the English language. Bernama, which reported this, said Dr Mahathir was not trying to undermine the national
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    • 303 10 KUALA LUMPUR Thou sands of Malaysian Chinese working illegally in Taiwan are facing problems ranging from abuse by employers and crime to mysterious deaths. A four-member delegation from the Malaysian Chinese Association (MCA), left for Taiwan today to look
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    • 417 10  -  He can’t wait to be Prime Minister, says Mahathir By Ismail Kassim KOTA BARI Prime Minister Datuk Seri Dr Mahathir Mohamad has described his main rival, Tengku Razaleigh Hamzah, as an impatient Kelantan prince who could not wait to he Prime Minister. Speaking on Thursday from
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    • 407 10 Bernama. KUALA LUMPUR The government may consider imposing consumption tax to replace the current system of direct taxes to increase the revenue of the federal government. Finance Minister Datuk Paduka Daim Zainuddin has said. This was because the government was losing money due to
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    • 435 10  -  By Salim Osman JOHOR BARU Johor wants to be a full and equal partner in the proposed Johor-Singapore-Ba-tam “growth triangle”, and not merely a supplier of primary resources, Mentri Besar Tan Sri Muhyiddin Yassin has said. Speaking to reporters after the opening of
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    • 384 11  -  By Huang Titt Writing for The Straits Times RELATIONS between Singapore and Malaysia were the subject of two speeches on Tuesday one in Penang and the other in Johor. In PENANG, the outgoing Singapore High Commissioner in Malaysia, Mr S. R Nathan,
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    • 213 11 AP. KUALA LUMPUR Trade and Industry Minister Datuk Seri Rafidah Aziz said on Monday she would make a four-day official visit to Argentina next month to promote bilateral trade. During her July 7 to 10 visit she plans to have talks with
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  • ASEAN
    • 334 11 AFP MANILA The Philippines is trying to scuttle a lucrative trade in mail-order brides to lonely foreigners, but strong demand abroad may thwart the effort. President Corazon-Aquino signed into law on June 13 an act banning marriage brokers, pen-pal clubs, introduction bureaus and escort
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    • 274 11 BANGKOK Opium production in Asia’s infamous ’’Golden Triangle” was expected to top 2,500 tonnes this year, the highest in a decade, police has said. Most of it will come from ethnie groups in Burma’s north-eastern Shan state, I’oltre Department Narcoties Suppression Centre
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    • 350 11 Reuter, AFP MANILA President Corazon Aquino has ordered a speedy investigation into reported financial anomalies involving Philippine Airlines (PAL) officials that might have cost the company millions of dollars, "I have directed that the investigation of alleged anomalies and related issues in PAL be
      Reuter,; AFP  -  350 words
    • 288 11 JAKARTA Indonesia will never become a newly-indus-trialising country (NIC) because its economic policies are geared to spread development evenly throughout its far-flung archipelago, an adviser to President Suharto said. Actually, Indonesia can become an NIC within the next three or four years
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  • COMMENT/ Pick of the week’s editorials
    • 628 12 JUNE 30. 1990 SIX months after the “triangle of growth" concept was introduced by First Deputy Prime Minister Goh Chok Tong, the signs are that its future will be bright. Business and political leaders have reacted favourably, with the Malaysian Prime Minister and Indonesian President agreeing,
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    • 661 12 JUNE 27. 1990 LAST weekend marked a milestone of sorts for the Malay Muslim community. A group of its young professionals, who have been meeting since last September, called a press conference to announce that they were organising a national convention in October. Their intention was to bring
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    • 675 12 JUNE 25. 1990 THE issue of the individual versus society is probably as old as the terms themselves. Depending on the point of view being taken, it has been argued that individuals have no reality beyond what society grants them, not only in fact but legitimately so.
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    • 687 12  -  Viewpoint By Doreen Siow PICTURE this: A cluster of islands, swaying coconut palms, white sandy beaches, clear blue skies and luxury chalets overlooking emerald-colour waters... Ls this the Caribbean or is it somewhere closer home? First Deputy Prime Minister Mr Goh Chok
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    • 93 12 “It’s true the Japanese helped us, but in the past they too emulated the orang putih (Westerners) and now the orang patih are emulating the Japanese. One day, others will emulate us.” Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad saving that Malaysia would one day become a developed
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  • COMMENT
    • 193 13 His philosophy of running the country will be to provide the basic necessities, the efficient infrastructure, of a modern international financial, trading and commercial metropolis then allowing people to run their own lives the way they wish. He does not use the word, but what he
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    • 2937 13 First Deputy Prime Minister Goh Chok Tong announced earlier this month that he would take over as Prime Minister in November. Kevin Sinclair of the Hong- kong Standard, who recently interviewed Mr Goh, gives his assessment of the governing style of Singapore’s next leader.
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    • 1736 14 Even before Singapore’s independence, Hongkongers have been coming here as entrepreneurs, industralists and workers. Many have sunk their roots here. AGNES CHEN finds out if the new wave of arrivals will be any different. PICKING curiously
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  • MONEY
    • 1034 15 The stock market was the first to celebrate the doubling of the permitted foreign ownership in banks on Tuesday with heavy trading and sharp price increases in selected shares. TAN SAI SIONG of the Economics Desk outlines the various reactions as
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    • 586 15 National Employers’ Conference TRADE and Industry Minister Brig-Gen (Res) Lee Ilsien Loong has urged the local business community to take the lead in achieving an annual economic growth rate of 6 per cent over the next 10 years. In a
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    • 724 15  - Big Four to enforce 40 limit on foreign ownership Local banks reveal latest foreign shareholdings for first time By Doreen Siow MUCH of the premium on local bank shares held by foreigners was wiped out in heavy trading on the stock market on Wednesday with the announcement of a higher
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    • 3033 16 z < <r SAC Tl Oh DATE: JUNE 29, 1990 1 990 Tel Last Vol Oay Last Quota Grs Oiv High LOW Code Company Sale Of- 000 High Low Buyer Sellar P/E INDUSTRIAL COMMERCIAL 2® 1 191 1000 Acma 240 -3 971 240 236 239 240 290
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    • 542 17 The weekly sharemarket review SHARES prices on the local bourse ended lower though there was some excitement in mid-week on news of a new ruling which allowed foreigners to hold up to 40 per cent instead of 20 per cent previously of local banks. Trading of
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    • 2138 17 TRANSACTION DATE: JUNE 29, 1990 1990 w Last Vol Day La at Quota Ora Dl* Nat High Low Cod* Company Sale or- '000 High Low Buyer Sellar P/E SESDAQ 157 126 t 4000 Amtek Eng20c 127 -2 14 128 127 126 128 6 ON 16 1 126 101
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    • 180 17 ST Industrials Index The Straits Times Industrials Index fe« 5.42 points on the ween 10 1526.96. DAY CLOSE TURNOVER Monday Tuesday Wednesday Thursday Friday 1522 62 (—9 76) 1523 59 (+097) 1533.25 9 66) 1531 73 (-1 52) 1526 96 (—4 77) 41 44 m ($116 94
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    • 594 17 Friday June HKt Amoy Properties 3 20 *010 Allied Oversea* 0 89 unch Ask Sec int'i 1.99 -0 035 Asia S#c War 91 0 36 0 97 unch 001 -0 05 -001 unch ♦0 025 Bond Corp Int! Bond Corp War 9’ Bank o» EA Cavendish 230 1 06
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    • 630 18  -  The 3 plus OUB and POSB Bank among the world's top 500: Euromoney survey By Mary Kwang THREE of Singapore’s Big Four banks were ranked the biggest banks in Asean last year in terms of shareholders’ equity, according to the latest
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    • 475 18 Week ended June 22. Compiled by Busina» Times Final results Company Dale Year Group Not Net earnings Gross ann to profit/loss (L) per share dividend I'000) (cents) IJMCorpn km IS Doc 89 M54,897(33.148) 93(49» 7(43» Kan 100 tun 15 Ooc 89 Ms6BSo(s7M6' 13 3(14 7) 10(10) Mtnong Coip
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    • 164 18 Singapore dollars to one unit of foreign currency Buying OD Selling US dollar I 8240 1 8440 Sterling pound 3.1555 ***** Australian dollar ***** 1 4586 Canadian dollar 1 5499 1 5828 NZ dollar 1.0575 1 0907 Singapore dollars to 100 units of foreign currency Austrian schilling 15
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    • 94 18 Contract data: 29/6/90 CURRENCYl MTH 3 MTH 6 MTH 9 MTH 12 MTH CALI VALUE DATE usj P. 74 7^4 74 74 74 5/7/90 A$ 131* 134 134 134 134 124 5/7/90 NZJ 124 124 124 124 124 11 5/7/90 STG U‘4 144 14V. 134 134 134
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    • 145 18 SINGAPORE’S Ogilvy and Mather Advertising has won a prestigious gold award in this year's International Advertising Festival of New York Awards. The agency also won two finalist certificates in the annual event for two other advertisements. The gold medal was for
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    • 476 18 WITH the worldwide boom in air travel expected to continue in the present decade, Singapore Airlines (SIA), already the world’s most profitable airline, Ls confident of maintaining a growth rate of 8 to 10 per cent a year over the
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    • 101 18 iiiiaiiy s Reuter. MUNICH Fly East if you want efficiency, service and value for money in an airline that is the advice of the world’s top hotel managers. In a survey of airlines by the West German travel magazine, Holiday, three of
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    • 276 18 Manager's prices for June 30 July 2 Singapore Unit Trust The Commerce 1 27—1 35 The Savings Fund 108- 1 15 S pore Prog Fund 0 50- 0 53 S pore Sec Fund 085-091 S pore Invest Fund 0 90- 0 96»d S’pore Equity Fund 0 60-0 64
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    • 648 19 AMF.RICAN investors will not abandon South-east Asia for Eastern Europe because they see greater opportunities for investments here, US Ambassador to Singapore Robert Orr has said. He said that ‘‘relatively limited" American resources would continue to come to South-east Asia, where
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    • 276 19 Company Rights Issue KX Corpn One tor three (a. M$1 60 per share $30 131m 1% Convertible Unsecured Loan Stock ot M$1 00 nominal value to be issued on the basis of 1 CUtS lor every eight shares held Ex-date Jun 6 Books close )un 20 Acceptance Payment.
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    • 353 19  -  By Steven Pak IN WHAT promises to be a major joint venture in China, a Singapore group comprising Intraco, Sembawang Shipyard, Neptune Orient Lines, Far East Levingston Shipyard and Jurong Town Corporation is now looking into carrying out shipbuilding
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    • 964 19 Current Ex Books Date Total for Total for payment date close payable the year last year AMFP iun 20 Jul 5 Aug 15 1 29sen Amcd 10% lun 18 Jun 28 Jul 16 10% 10% Asia Pacific 10%(l) Jul 4 Jul 16 Jul 20 10% 358% Avtno 7
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    • 394 20  -  DBS Land to turn site into entertainment and shopping hub by 1993 By Caroline Chan DBS LAND, the developer of Singapore’s largest conservation project the $240-million Clarke Quay hopes to draw four million visitors annually to the quay when it is
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    • 493 20 IN A BID to be a world leader in the field of expert systems, Singapore has entered into a $2O-million govern-ment-to-government co-oper-ation programme with Japan to operate an artificial intelligence (AI) centre here. Its primary aim is to train up a core
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    • 427 20  -  By Walton Morais BT. IN AN EFFORT to curb speculation, the Indonesian government is considering imposing a quota on the number of non-resident foreigners allowed to invest in residential property in Batam, officials has said. With an increasing number of Singaporeans snapping up
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  • Page 21 Advertisements
    • 832 21 The Straits Times Weekly Overseas Edition BONVESTS HOLDINGS LIMITED Wc arc a public listed company with diversified interests in properties, environmental services, retailing, trading and other investment. Vie are looking for outstanding individuals to fill the follow ing v acanc ies. DDaiTßtamtL AO»?©®! The kev responsibilities of the successful candidate
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  • Page 22 Advertisements
    • 809 22 The Straits Times Weekly Overseas Edition APPOINTMENTS Join The Leader In Real-Time Computing Lii Concurrent Computer Corporation i" a leader in live Real-1 line technical, scientific anil commercial market. We otter the most complete lines ot high performance Real-1 ime computer systems based on the latest multiprocessing and RISC technologies.
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  • FORUM
    • 511 23 The Singapore family IN THE report, “Changes ahead for the Singapore family” (ST, June 18, ST Overseas Edition, June 23), the modern father was described as an “endangered species". Many women would join the Singapore Council of Women’s Organisations in sympathising with Dr
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    • 542 23 THE Trade and Industry Minister, Brigadier-Gener-al (Res) I,ee Hsien Loong, was quoted to have said that the role of the mass media is to inform the people of government policies, not to encourage them to support nor oppose
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  • Page 23 Advertisements
    • 132 23 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 who
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    • 144 23 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 Edition. Making an
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  • 557 24  -  By Mary Kwang SINGAPORE is raising the ceiling on foreign ownership of shares in local banks to 40 per cent or double that currently allowed. The Government will also allow full-licensed foreign banks to provide home banking services
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  • 922 24  -  Prime Minister Lee’s libel suit against The Sunday Star By By Cheng Shoong Tat KUALA LUMPUR Prime Minister I.ee Kuan Yew’s libel suit against The Sunday Star is set to go to trial with the Malaysian tabloid newspaper left with the limited
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