The Straits Times : Weekly Overseas Edition, 14 July 1990

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 20 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JULY 14, 1990 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89
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  • 351 1  -  By Serena Toh THE first heart transplant in Singapore was performed by a team of doetors at Singapore General Hospital last Friday, marking a milestone in loeal medical history. The heart came from a 41-year-old construction worker, an industrial accident victim. The recipient is
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  • 707 1  -  By Paul Jacob Jakarta Correspondent JAKARTA The bilateral economic relations between Singapore and Indonesia might be a model for similar ties between other Asean countries, Trade and Industry Minister Lee Hsien Loong said here on Wednesday. He noted that SingaporeIndonesia relations
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  • 257 1 How I survived A YOUNG Australian engineer plunged about 1M metres to his death inside a chimney at the uncompleted Senoko refuse incinerator plant when the base of a “work cage” was ripped out by a snagged cable. Another man who was
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  • NEWS FOCUS
    • 874 2  -  Ceremony to mark completion of MRT system By Rav Dhaliwal SINGAPORE built its Mass Rapid Transit system on time and much more economically than other cities at $7O million per km. Minister for Communications and Information, Dr Yeo Ning
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    • 271 2 THE technology transfer during the construction of the MRT system will help Singapore move onto a higher technological level on large-scale projects, Mr Michael Fam, chairman of MRT Corporation, has said. Such projects include housing, public utilities, seaport and airport terminals, where
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    • 584 2  -  By Rohaniah Saini A SINGAPOREAN recalled how he had to trample on unconscious fellow pilgrims during the Mina pedestrian tunnel stampede last Monday while all around him people were shouting and pushing to escape death. Mr Mohd Abdul Jaleel Shaik Mohamad, 32, recounted
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    • 628 3 Ong’s gift of his heart and kidneys is hope of longer life for three people ALL his life Mr Ong Soon was ready to help others, even at a moment's notice. In death, he could no longer offer such instant help. But
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    • 701 3 ‘Core-cooling’ technique, new drug give patients hope MORE kidney transplants can now be expected in Singapore with two new major advances. The Singapore General Hospital is now able to save kidneys from people even after they have been dead for more than 30 minutes.
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    • 271 3 THE MAN who led the team which made medical history with the first heart transplant in Singapore said it was "hard work” but "exciting and satisfying”. Dr Tong Ming Chuan, head of the Cardiothoracie Surgery Department at Singapore General Hospital, also
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  • HOME
    • 632 4 A MARINE salvage company has unearthed a piece of Singapore's maritime history, the wreck of a cargo vessel said to date before the war. off Tuas. The 50-tonne steel lighter. a barge used in loading and unloading ships, was brought up on Sunday night
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    • 429 4 WINNING COMBINATION A value-for-money destination Interesting and varied attractions Good hotels and good shopping Aggressive advertising campaigns THE first four months of this year saw a big jump in the number of Asean visitors to Singapore. Visitor arrivals grew by 17.7 per cent.
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    • 234 4 A $1 MILLION education trust fund set up in honour of former senior Cabinet minister, Mr S. Rajaratnam, will be used to promote the arts among young, talented Singaporeans. Mr Loh Meng See, MP for Kampong Glam, told this to reporters
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    • 364 4 LONG-SERVING regular soldiers are now being released to work in civilian companies six months before their contracts expire. This move is to help smoothen the transition from military to civilian life for these soldiers who have 12 or more years' service with the Singapore
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    • 944 5 Judge rejects argument that former Anson MP could only be disqualified by way of a parliamentary resolution THE High Court on Monday dismissed with costs Mr J. B. Jeyaretnam’s application for an order declaring that he was never disqualified from the previous Parliament. Judicial Commissioner
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    • 425 5  -  By Ng Wei Joo TEMASEK Polytechnic is encouraging its students to take up German. The first polytechnic to do so, it plans to offer the subject so that its students can plug into the “economic powerhouse of Europe said principal Dr N.
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    • 295 5 MANY Singaporeans avoid taking public transport as they think it is too hot to walk to the MRT station or bus stop. But this will no longer be a problem in about five years when a project to plant shady trees along walkways leading
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    • 514 6 History Segment to lead biggest mobile column SPECTATORS will hear echoes from the past in the rumbles of the 250-vehicle mobile column in its drive past the City Hall and Supreme Court on National Day. This is because
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    • 446 6 SAFRA could become a feedback unit that cuts across military chains of command. Brigadier-Gener-al (Res) George Yeo has said. Although he did not give details of the proposed military feedback channel, BG Yeo added that it is being looked into by the
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    • 408 6 MIDDLE and senior operational managers, especially those who have never been reservists, should be included in visits to camps and other reservist activities in an effort to educate them. Such managers are more likely to show greater support towards their reservist
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    • 390 6 IT MAY be the sellers' market for computer science graduates, but those who job-hop too often may be harming their careers in the long run. The Minister for Communications and Information and Second Minster for Defence (Policy). Dr Yeo
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    • 432 7  -  By Chua Chong Jin SINGAPORE is taking part in the International Olympiad for chemistry and physics this month, changing an earlier plan to alternate between the two contests each year. Mr Hei Siang King, Specialist Inspector (Science) at the Ministry of Education, explained
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    • 390 7 THE Welsh are renowned for their melodic singing voices, but a Victoria Junior College choir has taken them on their home ground in Cardigan and won. In coming out tops at the 800-year-old Cardigan Eisteddfod Competition recently, the VJC group
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    • 213 7 THE Road To Freedom proved also to be the i oau to instant success for the five-member Temasek Hall Band which left on July 4 to represent Singapore in a musical battle in Taipei. The band, beating 11 other teams from Taiwan ano
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    • 567 7 THE COMMON: Dogs, cats, race-horses, pigs and sheep. THE UNUSUAL: Lesser Panda, the rhinoceros, the Golden Lion, Tamarin, European Brown Bear, Himalayan tahr, racing pigeons and Komodo dragons. FEATHERED, hoofed, finned and four-legged "visitors’’ passing through Changi Airport outnumbered human
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    • SNIPPETS
      • 121 8 STEFAN EDBERG, newly-crowned Wimbledon champion and Swedish heart-throb, has been confirmed as the opponent for Michael Chang in the Super-tennis Challenge at the Singapore Indoor Stadium on Sept 29. Local fans started drooling last month with the announcement of Chang's impending arrival. The news
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      • 150 8 THE BERLIN WALL has come to Singapore. A local company, Taisei Stamps and Coins, has brought in 330 souvenir packs containing small pieces of concrete from the infamous Wall. Each pack, which costs $69, comes with a certificate of authenticity. Also included is
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      • 43 8 MR KEMAL SIDDIQCE, the Singapore ambassador to West Germany, has been concurrently appointed ambassador to East Germany. A Ministry of Foreign Affairs statement said that he presented his credentials to the East German government in Berlin on July 2.
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    • 436 8 EMPLOYING foreign maids to do household chores may be incompatible with the Prime Minister’s call for mothers to educate their sons on the need to share the duties of the home, Dr Aline Wong has said. With maids taking over such tasks,
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    • 521 8 ‘Concern over economic well-being will force men to share housework’ THE economic pressure on families to maintain a better lifestyle and women's greater emphasis on career, have led to more married women going out to work and holding onto their jobs, even after bearing children. Dr
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    • 304 8 SINGAPORE and China could establish diplomatic relations before the end of the year, and mot«jp and higher-level political contacts can then be expected between the two countries, Mr Chandra Das has said. In an interview with the Singapore Broadcasting
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    • 543 9 No foreign workers for bosses who won’t raise 55-year limit, say union leaders FIRMER action may be necessary to get companies to raise their retirement age. Mr Ong Teng Cheong, who said this, also revealed that among other things, trade union leaders have called
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    • 368 9 Colourful and energetic mass parade opens Youth Festival ALL the exuberance of youth burst forth in a colourful mass parade at the National Stadium last Saturday. About 18,000 youths put up a spectacular 75-minute show. Through song, dance and intricate movement, they launched this
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    • 236 9 SINGAPORE employer groups has said they will urge their members to take more urgent steps to raise their workers’ retirement age from the current 55 to 60 years. But emphasis should also be given to helping those companies, which have difficulties implementing this, to
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  • MALAYSIA
    • 452 10 Bernama NST BAGAN SERAI (Perak) Prime Minister Datuk Seri Dr Mahathir Mohamad has advised political parties contesting the Sabah election to stop raising anti-federal issues which could get out of hand "Perhaps they may have been forced to use these issues but
      Bernama; NST  -  452 words
    • 166 10  -  Ing on. KALIMl LLAH HASSAN. KOTA KINARALI The non-Muslim Chief Minister of Sahah, facing increasing erltieism from federal leaders for allegedly whipping up anti-federal sentiments, has denied he was “anti-federal or anti-Is-lam”. “We respect Islam and the offieial religion of the eountry and neither
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    • 390 10 Bernama KUALA LUMPUR The Prime Minister has assured the Chinese community in Malaysia that proposed amendments to the Education Act would not jeopardise the rights of the different ethnic groups in the country. Malaysia which has a Muslim majority, he noted, was
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    • 337 10 1U11& uuiu Bernama, NST. KUALA LUMPUR The Malaysian economy chalked up a strong second quarter this year and is expected to steam ahead for the rest of the year. The Malaysian Institute of Economic Research (MIER), in its
      1U11& uuiu Bernama,; NST.  -  337 words
    • 587 10  -  MCA leadership tussle By Ismail Kassim KUALA LUMPUR MCA president Datuk Dr Ling Liong Sik and his potential challenger, Datuk I>ee Kim Sai, both said on Tuesday that the present leadership struggle could be resolved
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    • 264 10 NST. KUALA LUMPUR Prime Minister Datuk Seri Dr Mahathir Mohamad, claiming the national car project to be a resounding success, has attacked cynics of the Proton Saga for nit-picking and blind criticism. Announcing the financial results of the national car manufacturer on Monday, he said
      NST.  -  264 words

  • ASEAN
    • 507 11 Indonesian Forum: Reports by Paul Jacob and Shaun Seow JAKARTA Indonesian Defence and Security Minister Benny Murdani said on Wednesday that Singapore’s decision to offer the United States use of maintenance and repair facilities has helped to lift part of the Philippines’ burden.
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    • 449 11 JAKARTA The sweeping economic and financial reforms in Indonesia’s economy will continue with another round of trade liberalisation next year and the privatisation of government enterprises such as Garuda airlines by 1992. The Indonesian government is also drafting new banking
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    • 507 11 JAKARTA Singapore and Indonesia are discussing the possibility of signing a memorandum of agreement to cover economic co-operation between the two countries in the Riau Islands, Trade and Industry Minister Brigadier General (Res) Lee Hsien Loong disclosed on Tuesday. He said he was
      Picture by YAP YEW PIANG.  -  507 words
    • 225 11 AFP. MANILA President Corazon Aquino has said she will soon launch a bond issue to support her Kabisig (Linked Arms) movement, which she formed last month to help the bureaucracy implement government projects. “I will launch Kabisig bonds as soon as possible.
      AFP.  -  225 words
    • 394 11 JAKARTA The agreement for Singapore to buy natural gas from Indonesia will be concluded “very soon” as officials from the two countries have made good progress in their negotiations, said Dr Ginanjar Kartasasmita, the Minister of Mines and Energy. Dr Ginanjar added
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  • COMMENT/ Pick of the week’s editorials
    • 655 12 JULY 12, 1990 BRIGADIER-GENERAL (Res) George Yeo’s proposal on Sunday to set up a feedback channel for soldiers that cuts across the military chain of command, if adopted, will reflect the maturing of the Singapore Armed Forces. It would mark another step forward in the SAF's
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    • 643 12 JULY 11, 1990 IN RECENT months, much has been heard about the sacrifices reservists make for the nation and how these are not adequately recognised and rewarded. Members of Parliament too. some reservists themselves, have also voiced their complaints in the House. Singaporeans are being told that
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    • 637 12 July 9. 1990 IN KEEPING with the scale of the subject covered, the investment seminar which China organised for Taiwanese businessmen last week was a grand affair. Six hundred Taiwanese arrived in Beijing for the conference, or rather series of meetings, at which hundreds of Chinese officials
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    • 478 12  -  Viewpoint By TAN SAI SONG IT IS possibly one of the saddest stories I have read in a long time, and I have come across many sad stories in my life. Of sad stories, one of the saddest must be
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    • 116 12 “You will be like the young seedling that Ls continuously uprooted and replanted In supposedly more enriched environment. But in the process, your roots will be damaged and your ability to assimilate nutrients will diminish.” Minister for Communications and Information Dr Yeo Ning Hong advising computer science graduates not
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  • COMMENT/ANALYSIS
    • 2021 13 Singaporeans need not be proud of their ethnic heritage first before shifting the focus of their pride to Singapore, argues Kumar K. Ramakrishna. I HAVE been following the recent debate on multiracialism and a Singaporean Singapore and feel compelled to voice my thoughts on the matter. I notice
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    • 1895 14 Queen’s Counsel have been appearing in Singapore courts since the colonial days. Two were here last week for the slander suit brought by Prime Minister Lee Kuan Yew against Mr J. B. Jeyaretnam, secretary-general of the Workers’ Party. But is it
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    • 737 14 QUEEN'S Counsel, the creme de la creme of English barristers, came to Singapore as a matter of course In the colonial days. After Singapore became Independent, they had to be specially admitted to the local bar on a case-by-case basis. The admission
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  • MONEY
    • 527 15  -  By Steven Pak SINGAPORE, already the world’s busiest port, has added another feather in its cap. For the first time, it has overtaken Hongkong to become the world’s busiest container port as well, based on its performance in the first five months.
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    • 129 15 DR YEO Ning Hong (centre) being shown a model of the port concept for the year 2, N0 by PSA chairman lim Kim San (left) and PSA director of operations, Mr Lee Chee Yeng. ailed the Global Technoport ti Maritime Community 2tM, the port concept
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    • 377 15 DIVERSIFIED Keppel Corporation will place about 15 million new shares with institutional investors in the United States. The placement, expected within the fortnight, will be carried out by two of the best-known names in the US securities business Salomon Brothers Inc
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    • 411 15  -  Two-km line scheduled to be completed early next year By Mary Kwang WORK proper on the portion of the Malaysian natural gas pipeline connecting Johor to Singapore will started on Monday, beginning with soil investigation work in the Johor Straits. The
      Source: Port of Singapore Authority  -  411 words
    • 3168 16 TRANSACTION DATE: JULY 13, 1990 Gr't 1M0 Tal Last Vol Day Lett Quote Olv Net Low Cod* Company Sal* or000 High Low Buyer Seller P/E 1 INDUSTRIAL COMMERCIAL 261 191 t 1000 Acma 245 *9 268 245 240 243 250 290 165 1142 Alex Hldgs 50c 290
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    • 554 17 The weekly sharemarket review DESPITE a sluggish start, most stocks on the Singapore stock market ended higher across the board at the end of the week as foreign fund managers and institutions returned on a buying spree after keeping away for more than a
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    • 2158 17 TRANSACTION DATE: JULY 13, 1990 Qr'S 1M0 Tel Last Vet Day Last Quota Dtv Net High Lew Cod* Company Sal* or- '000 Nigh Low 1 luyar Setter P/S SESDAQ 157 126 t 4000 Amtok Eng?Ot 136 unch 184 136 136 136 137 6 ON 17 2 12« 101
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    • 178 17 ST Industrials Index The Straits Times Industrials Indei gained 28.42 points on the week to 1564.40. DAY CLOSE TURNOVER Monday 1532.50 (-3 48) 41 33 m ($113 06 m) Tuesday 1523 46 (-9 04) 59 71 m ($***** m) Wednesday 1523 68 0 22) 39 67 m
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    • 633 17 FfWay My 1} HKI *1Amoy Prop*rti*t 3 475 *0 06 Aiiiad Ov«'t«*i 094 *002 Asia Sec Int i Asia Sec War 91 Allied rw Bond Corp Int'l Bond Corp War 91 Bank ol EA 2 275 0 43$ 1 06 2 30 1 07 1580 3 825 unch 002
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    • 292 18  -  By Goh Eng Yeow OPEN-ENDED unit trusts, whic-h invest in Singapore and Malaysian stocks, generally outperformed the Singapore stock market during the first half of the year. Using the Straits Times Industrials Index as a barometer, the Singapore market rose only 1.83
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    • 353 18 HOME-GROWN multinational Wearne Brothers Ltd la on the acquisition path again to beef up its stable of international electronic companies. Wearnes is buying from West German electronics giant Siemens a 10 per cent stake in Tandberg Data, a maser of data terminals
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    • 432 18 Week ended July 6. Compiled by Business Times AUDITED RESULTS C««p*iiy Date Yaar Group Nat Nat aaraint» Grot» ann to profit/lot» (L) par thart dividend COM» (cents) Mrt-oHidp lull Mar 90 #.006(110,21») 14.6(11.70 4(2 70 Spore fodder lul 2 Dec 39 *5901 »7631 Tran$m»rco iul 2 Mar 90
      Compiled by Business Times  -  432 words
    • 163 18 Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar 1 7985 1 8205 Sterling poi;"d 3 2433 3 3042 Australian dollar 1 4067 1 4473 Canadian dollar 1 5454 1 5803 N7 dollar 1 0526 1 0868 Singapore dollars to 100 units of foreign
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    • 103 18 Contract data: 13/7/90 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 7*4 7*. 7‘/2 7*4 7*4 7*. 17/7/90 AJ 13 J/ i 13*2 13*. 13*. 13*. 12*2 17/7/90 NZJ 12*a 12 3 12 3 4 12*4 12 5 11 17/7/90
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    • 92 18 Chang* from Jan 2 to Jun* 30 ST Index 1.83% DBS CPF Index 4.67% Singapore Unit Trust Singapore Investment Fund 11.17% Singapore Security Fund 5.81% Singapore Equity Fund 4.92% The Savings Fund 4.04% The Commerce 4 Industry Fund 1.92% Royal Trust Sec Asia RT Singapore Growth
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    • 383 18  -  By Koh Bee Ann MAKING his first venture into Malaysia, Cockpit Hotel’s Teo Lay Swee has bought the 232-room Merlin Melaka for M 533.5 million (5522.45 million). The 60-year-old developer said the agreement was signed last Friday with Arthur Andersen HRM, the receivers
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    • 269 18 Manager's prices for July 14 16 Singapore Unit Trust The Commerce 1.28-1 36 The Savings Fund 110—117 S pore Prog Fund 0.49-0 52 S pore Sec Fund 0 85-0 91 S pore Invest Fund 0 92-0 98xd S pore Equity Fund Asia Unit Trust 0 60—0 64 Mai
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    • 508 19  -  By Shaun Seow in Jakarta JAKARTA DBS Bank and the United Overseas Bank (UOB) Group two of Singapore's Big Four banks whirh have already set up their own joint-ven-ture banks here are now eyeing Jakarta’s stockbroking business. Mr Chia Hock Jin, a
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    • 235 19 Company Rights Issue K8 Corpn One tor-three (n, MSI SO per share S*****m 1% Convertible Unsecured Loan Stock ot MS 1.00 nominal value to be issued on the basis of 1 CUIS for every eight shares held Ex-date: Jun 6 Books close: fun 20 Acceptance Payment Aug 6
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    • 307 19  -  By Mary Kwang INDONESIA’S largest private bank, Bank Internasional Indonesia (BI1), has opened a representative office here to tap the Singapore capital market and to service regional customers, including those on Batam Island. The hank Ls actively involved in
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    • 207 19  -  Barrv Desker. SHAUN SEOW. JAKARTA The complementary assets of Indonesia and Singapore make the two countries "natural partners" in an increasingly competitive market, said a top Singapore banker on Monday. Mr Wee Cho Yaw, chairman of the United Overseas Bank Group, said that while Indonesia
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    • 733 19 Current Ex Books Date Total for Total for payment date close payable the year last year Ale* HkJgs 6% Aug 28 Sep 7 Sep 26 6% 6% AMFP NYA Jun 20 Jul 5 Aug 15 NYA 1.29$en Amcol 10% Jun 18 Jun 28 Jul 16 10% 10% Asia
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    • 445 20 THE Government will be releasing more than 28 hectares of land in HDB new towns for private development over the next six months, starting with six sites totalling 10 ha yesterday the largest land area offered under a single sale so
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    • 284 20 THE Singapore financial community continued to expand in the last 12 months ended March 31 this year, with the biggest growth seen in the investment advisory field. According to the Monetary Authority of Singapore's 1989 90 annual report released over the weekend, 17 more investment
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    • 435 20  -  Govt plans to take over the prime land for general development By Doreen Siow THE Straits Trading Company will lose almost 70 per cent of its prime residential landbank along Gallop Road, with the Government's proposed acquisition of the massive land parcel
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    • 317 20 KOR the second fiscal year in a row, the Monetary Authority of Singapore has reported a fall in its net profits due to the strong Singapore dollar. In its last financial year, ended March 31 1990, MAS reported
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  • Page 21 Advertisements
    • 1011 21 **********11 The Straits Times Weekly Overseas Edition APPOINTMENTS **********1 l 0 STOCK EXCHANGE OF SINGAPORE LTD RESEARCH/ PUBLICATIONS OFFICER The successful candidate will work with a small team and be responsible for conducting surveys and the preparation of market reports research papers He/She will also assist in the production of
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  • Page 22 Advertisements
    • 984 22 The Straits Times Weekly Overseas Edition APPOINTMENTS jjdWwcu <Jjjok\uvn /VWiicaf (A Division of JOHNSON k JOHNSON SINCAPORE) Leader in the health care industry supplying innovative medical products to hospitals, clinics and health care professionals in Singapore is seeking to recruit and develop high calibre persons for the positions of: SALES
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  • FORUM
    • 476 23 Men’s roles as husbands and fathers THE most positive expression of support for the overburdened working mother has come from no less a personage than the Prime Minister himself (ST, July 2 and ST Overseas Edition, July 7). The Singapore
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    • 429 23 IT WAS most heartening and encouraging to read that our Prime Minister, Mr Lee Kuan Yew, had said that male attitudes have to change if Singapore women are to successfully juggle their roles at home and at work (ST, July 2
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  • Page 23 Advertisements
    • 141 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
      141 words

  • 215 24 THE alley cats of Singapore are about to be put on pedestals. Two Singapura Cats will serve as models for a series of sculptures that will adorn the banks of the Singapore River. This breed of cats, recorded as the smallest in the Guinness Book
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  • 662 24  -  By Ng Wei Joo RAF’FI.ES Institution will do away with the streaming process next year by offering its Secondary Three boys a comprehensive subject combination that allows for ‘‘academic flexibility”. The move will offer all its Secondary 3 students a chance
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  • 536 24 A DIRECTOR of Calvary Charismatic Centre was on Monday charged with two offences linked to the disappearance of U 5543,541 (about $80,000) of the church’s funds. Frederick Oliver Seaward ITI, 34, better known as Reverend Rick Seaward, a senior pastor at the church in Kitchener Road,
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  • 226 24 From Page One were inside a 151-metre chimney and were hoisting a length of winch-wire to the top when the accident happened. One end of the winchwire was attached to the base of the cage. Police said the winch-wire apparently snagged an obstruction while
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