The Straits Times : Weekly Overseas Edition, 18 August 1990

Microfilm: NL19562
Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
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  • Title Section
    Masthead
    20 1 The Straits Times WEEKLY OVERSEAS EDITION Price: 551.20 (in Singapore) Elsewhere by subscription only MCI(P) 37/8/89 SATURDAY. AUGUST 18, 1990
    20 words
  • Article
    S’pore ans ‘must be nimble to stay on top’
    605 1  -  PM uses oil price hikes to stress importance of adapting to circumstances By Bertha Henson THE Prime Minister last week used the recent oil price hikes to stress that Singaporeaas must he nimble and adapt to the changing circumstances to stay
    605 words
  • Article, Illustration
    Five all-round students picked as President’s Scholars
    478 1 ONE is an orator, another aa singet and yet another could well be a drama director in the making. What they and two, others have in common is that they are all President’s Scholars. The five GCE A level students in the batch
    478 words
  • Article
    Charging calls by usage: Decision by end of year
    331 1 SINGAPORE Telecom is carrying out a thorough study on whether to charge local telephone calls on a usage basis rather than on the current flat rate one, and will make a decision by the end of this year, its chairman, Mr
    331 words
  • Page 1 Advertisements
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  • NEWS FOCUS
    • Article
      1% of SPH’s trading profit for community
      554 2 Annual fund also for cultural projects THE Singapore Press Holdings announced last week that it is setting aside 1 per cent of its trading profit annually to fund community and cultural projects. Taking the trading profit of $121.6 million earned in the financial
      554 words
    • Article
      Special office for reservists on training
      250 2 RESERVISTS undergoing training in the field can still keep in touch with their clients and business associates from a special office set up by the Singapore Armed Forces (SAF). The office, manned by other reservists from the administrative staff of the units, is equipped
      250 words
    • Article, Illustration
      Battlefield ‘eyes’
      181 2 ARMY commanders will now have a better view of battlefield operations, thanks to the use of new pilotless cam-era-equipped planes that serve as their eyes in the sky. Called Remotely Piloted Vehicles, or RPVs, these miniature aircraft will allow Singapore Armed Forces commanders to survey a larger expanse
      181 words
    • Article
      PSC boss to head 2 new bodies
      336 2 PUBLIC Service Commission chairman Lee Hee Seng has been named head of two newly-created bodies that are to deal with the education and police and civil defence services respectively. His appointment as chairman of the Education Service Commission (ESC) and the Police and
      336 words
    • Article
      No. 1 PUB the world’s best
      299 2 THE Public Utilities Board has been rated as the power supplier best able to meet the requirements of companies competing internationally. The 1990 World Competitiveness Report gives the top mark to the board among power suppliers in developed and newly industrialising countries, awarding it
      299 words
    • Article
      Part-time workers to get many full-time benefits
      463 2 PART-time workers will be able to enjoy many full-time benefits such as annual leave, sick leave and public holiday pay but on a pro-rated basis under first-time guidelines for such workers spelt out by the Labour Ministry last week. Included in the comprehensive
      463 words
    • Impact of Iraq’s invasion of Kuwait
      • Article, Illustration
        Price hikes are the stiffest in five years
        378 3 0 ISLAND-WIDE PETROL AND DIESEL PRICE INCREASES AN island-wide petrol and diesel pump price increase is now in place just 13 days after Iraq’s blitzkrieg invasion of Kuwait. The pump price increases which work out to about 10 per cent for petrol
        378 words
      • Article, Illustration
        ‘Smaller bonuses possible’
        320 3 2 MORE CAUTIOUS ASSESSMENT OF S'PORE’S ECONOMIC PROSPECTS SINGAPOREANS may have to settle for smaller bonuses this year if the Gulf crisis caused by Iraq’s invasion of Kuwait is prolonged, warned Trade and Industry Minister Lee Hsien Loong last week. The crisis, he said, caHed for new
        320 words
      • Article
        Not now, but maybe later
        324 3 0 BUS. TAXI FARE INCREASES BUS and taxi fares in Singapore will not be raised immediately following this week’s hefty increases in diesel pump prices. But NTUC Income, which runs Singapore’s largest taxi fleet, does not rule out a fare increase by the end of
        324 words
    • Article, Illustration
      Half-tank rule: Woman first to be fined $200
      473 3 THE first person charged with breaking the halftank rule was found guilty on Aug 10 and fined $2OO. Suvina Cheong, 33, a property broker, was convicted of trying to leave Singapore in her Singa-pore-registered car with less than a half-tank of petrol.
      473 words
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  • HOME
    • Article
      Tour agencies will not absorb fare hikes
      605 4 TRAVKIJ.ERS on group tours who have paid in full for their year-end holidays may still have to "top up” if air fares increase. Travel agencies say they are unlikely to be able to absorb high increases in air fares which they fear ('ould
      605 words
    • Article, Illustration
      Roaring winds wreak havoc; 2 students hurt
      405 4 ROARING winds sent scores of trees crashing down in various parts of Singapore last week, including one which went through a classroom ceiling in Hartley Secondary School, injuring two schoolboys. The winds reached maximum speeds of between 30 kmh and 70 kmh when
      405 words
    • Article
      Ngee Ann to halve waiting time for re-tests
      525 4 STUDENTS who fail their exams at Ngee Ann Polytechnic will only have to wait six months for a retest instead of a full year thanks to a new system to be introduced next year. The polytechnic will restructure its full-time courses into
      525 words
    • Article
      PWD experts help to plan airports abroad
      452 4 THE expertise of the Public Works Department in airport planning and design is being tapped by China and the Philippines and, most recently, by New Zealand and Fiji. The PWD, which planned the airports at Kallang. Paya and Changi, has over the decades
      452 words
    • Article
      HDB highlights 10 sacking cases
      368 5 Article in newsletter warns against breaching discipline THE Housing Board, in its latest in-house newsletter, highlighted all the 10 cases of employees, one a superscale officer, who were dismissed in the past year. Headlined “We must put our own house in order", the report said
      368 words
    • Article
      Why they were sacked
      394 5 Truancy, accepting gifts among the reasons TWO Housing Board resettlement officers were sacked for going to a golf club when they should have been at work. A superscale grade officer earning $9,800 monthly lost his job because he accepted a first-class air ticket and free accommodation
      394 words
    • Article, Illustration
      SBC to get new GM next year
      181 5 A CHANGE at the helm of the Singapore Broadcasting Corporation will take place next year. Mrs Wong-Lee Siok Tin, 52, general manager of the SBC. will be retiring after spending 29 years in the broadcast media. She will be succeeded by Mr Moses
      181 words
    • Article, Illustration
      Cabby who took over brother’s shift stabbed to death
      482 5 Duo robbed driver after stabbing him A TAXI driver who took over his brother’s work shift at the last moment died in hospital after being stabbed in the chest and throat last Tuesday. Moments before he died in his hospital bed,
      482 words
    • Article
      6 more hit by Aids virus
      413 5 «J. w V t Number of cases of sexually-transmitted diseases is down FIFTY-SIX people in Singapore have been reported to be infected by the HIV virus, with 22 of them suffering from Aids. Six new cases of HIV infection were dfepiosed in June and
      413 words
    • Article
      Lawyer gets Supreme Court appointment
      117 5 A LAWYER, Mr Sinna thamby Rajendran, has been appointed a Judicial Commissioner of the Supreme Court for one year from Sept 1. 4 with the government legal (Service for 15 years, from 1962 to 1977, before becoming a partner in the law firm of Khattar
      117 words
    • Chinese Premier’s visit to Singapore
      • Article
        PM urges UN, China to push for Cambodia solution
        429 6 PRIME Minister Lee Kuan Yew has called on the five permanent members of the United Nations Security Council, including China, to press for the formation of a Supreme National Council comprising all parties to the Cambodia conflict, and UN-supervised free and
        429 words
      • Article
        How China can boost relations with Asean
        435 6 MR LEE Kuan Yew said yesterday that China could win Asean’s confidence immediately by persuading the Khmer Rouge it backed to accept a United Na-tions-based settlement by which the Cambodians were allowed to choose their own government in a UN-supervised election. Such a
        435 words
      • Article, Illustration
        Li Peng praises S’pore’s peace efforts
        396 6 Beijing supports Asean’s efforts to safeguard regional peace, he says CHINESE Premier Li Peng last week praised Singapore for its efforts, together with other Asean countries, in trying to settle the Cambodian problem fairly and reasonably. Speaking at a banquet hosted in his honour
        396 words
      • Article, Illustration
        ‘Let younger leaders build rapport too’
        432 7 Li, Chok Tong express common wish VISITING Chinese Premier Li Peng and First Deputy Prime Minister Goh Chok Tong last week expressed a common wish that the new generation leaders of both countries would establish the same rapport Prime Minister I>ee Kuan Yew had
        432 words
      • Article, Illustration
        President and PM invited to visit China
        212 7 MR LEE Kuan Yew will visit China this autumn and meet Chinese Communist Party chief Jiang Zeming for the first time. This was disclosed by the Prime Minister in an interview with the official Xinhua news agency last week. President Wee Kim Wee
        212 words
      • Article, Illustration
        Chinese Premier gives high marks to 5-room flat
        135 7 LI PENG VISITS HDB FLAT IN ANG MO KIO VISITING Chinese Premier LI Peng (above right) gave high marks to a five*-ioom Housing Board flat which he visited in Ang Mo Kio. He told his host, aircraft techniciai Ong Koon Ann in
        135 words
      • Article
        China accepts SAF’s use of Taiwan training facilities
        409 7 CHINA understands Singapore’s need to set up a credible defence force and will not be “too disturbed” by the Republic’s continued use of military training facilities in Taiwan after the establishment of Sino-Singapore ties. Describing the Starlight Project, by which the Singapore
        409 words
    • Article, Illustration
      Green light for tamper-proof ICs
      675 8 A MULTI-MILLION-DOL-LAR computerised system will be used to produce la-ser-engraved thumbprints and photographs for Singapore’s new tamper-proof, credit card-size identity cards. The new cards will have machine-readable bar codes which record the identity card number and personal data. A $13.7 million computerised production system will
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    • Article
      Eurasians ‘free to assert own identity’
      268 8 EURASIANS are free to assert their own identity, as long as they aLso retain Singaporean values, Mr Goh Chok Tong said last week. Each race should be allowed to feel proud of its own culture and to promote its own values, the First Deputy
      268 words
    • Article, Illustration
      Museum reopens after renovation
      198 8 THE National Museum has reopened after being closed for more than a year for a $6 million renovation. The Art Gallery was the first to be opened, and its first exhibition, called Urban Artists 25 Years of Singapore Art, featured the works of Singapore artists. The
      198 words
    • Article, Illustration
      Enlisted men today more positive: Lt-Gen Choo
      573 8 THE average enlisted young man today goes into the army with a positive attitude and with the intention of making the best of his time in the armed forces, the Chief of Defence Force, LieutenantGeneral Winston Choo. has said He is unlike the
      573 words
    • Article
      SAF ‘will free staff to fill civilian posts’
      129 8 SENIOR SAF officers will be moved to fill civilian posts of national importance if required, said Chief of Defence Force, Lieutenant-General Winston Choo. Lt-Gen Choo, who was replying to a question on the impending move of the Chief of the Army. BrigadierGeneral
      129 words
    • National Day observance ceremonies
      • Article
        Kuwait’s fall shows ‘S’pore policy is right’
        371 9 Building up SAF, reserves crucial: BG Lee and 2 MPs THE fall of Kuwait in the hands of Iraq is a firm example that Singapore has adopted the right defence policy by building up the Singapore Armed Forces and the reserves. This was
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      • Article, Illustration
        Singaporeans ‘must not be selfish for consultative govt to work’
        219 9 FOR consultative government to work, Singaporeans must not be selfish, and must make tough decisions which reflect the long-term interests of the society and country. The Minister for National Development, Mr S. Dhanabalan, last week highlighted a disturbing trend, of
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      • Article
        Don’t use S’pore as whipping boy, MP urges
        208 9 AN MP last week urged Malaysians to refrain from Singapore-bashing as the Malaysian general election drew near. Noting that Singapore was often “the favourite whipping boy, a convenient scapegoat in the intense jockeying for power” in Malaysia, Bukit Batok MP Ong Chit
        208 words
    • Article, Illustration
      First HK movie to be filmed in S’pore
      483 9 SHOOTING of a Hongkong movie to be filmed entirely in Singapore has begun and over 500,000 .people were extras in it last week without realising it. Comedian and film producer Eric Tsang took advantage of Swing Singapore to incorporate the biggest street
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    • Article, Illustration
      Govt ‘should take dissent in its stride’
      347 9 THE Government should now be able to take dissent in its stride and not come down heavily on all those who choose to differ, former Cabinet minister Toh Chin Chye (right) said in an interview published in a special issue of Petir, the
      347 words
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  • MALAYSIA
    • Article, Illustration
      Lock icon Proton shares likely to be listed ‘within a year’
      601 10 This is to enable the people to own shares, says Dr Mahathir Bernama. KUALA LUMPUR Perusahaan Otomobil Nasional (Proton), the manufacturer of the Malaysian car, will be listed on the stock exchange most probably within a year. Prime Minister Datuk Seri
      Bernama.; AP picture.  -  601 words
    • Article, Illustration
      Long-serving chief ministers ‘to contest polls’
      503 10 KUALA LUMPUR Malaysia’s two longest serving chief ministers Penang's Datuk Dr Lim Chong Eu and Kelantan’s Tan Sri Mohamed Yaakob will seek re-election in the coming general election, National Front sources said. r Dr .Lira, of Gerakan. had earlier indicated that he did not
      503 words
    • Article, Illustration
      Chok Tong’s remarks on Iraqi invasion "hasty, hurting’
      411 10 KUALA LUMPUR First Deputy Prime Minister Goh Chok Tong’s statement on the possibility of Singapore facing the same fate as Kuwait drew another newspaper reaction last week. Malaysia’s Berita Harian, citing sharp responses from some Indonesian newspapers, said Mr Goh’s statement could
      411 words
    • Article
      Lock icon KL not slighted by remarks: Ghafar Baba
      227 10 Bernama. KUALA LUMPUR Malaysia is not slighted by the statement by Singapore’s First Deputy Prime Minister Goh Chok Tong that the Republic must never allow itself to be another Kuwait because he was merely stating his personal opinion, Deputy Prime Minister Ghafar Baba
      – Bernama.  -  227 words
    • Article, Illustration
      NECC is divided over degree of growth
      415 11 KUALA LUMPUR The degree of economic regulation in the post-1990 era has emerged as the bone of contention within the National Economic Consultative Council since members began debating the final report two weeks ago, according to sources. To a large extent, they said
      415 words
    • Article
      Lock icon Polygamy case: Court makes its ruling public
      290 11 Bernama, NST. KUALA LUMPUR The Selangor Syariah court of appeal has made public its written ruling against a businessman who wanted to exercise his right to polygamy by taking actress Noor Kumalasari as his second wife. The unusual release of the judgment appears
      Bernama,; NST.  -  290 words
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  • ASEAN
    • Article
      Lock icon Jakarta needs to be more open: Suharto
      573 11 AFP, Reuter JAKARTA In the clearest message to date of his intention to give greater political freedom. President Suharto last week promised more tolerance towards differences of opinion. In a wide-ranging state of the nation address to marK Indonesia’s 15th independence Day which
      AFP,; Reuter  -  573 words
    • Article, Illustration
      Lock icon More visits will foster closer ties, says Suharto
      495 11 JAKARTA President Suharto has told a Singapore parliamentary delegation that the close ties between Indonesia and Singapore could be further promoted by increasing the exchange of visits between the peoples of the two countries. This was disclosed by the Speaker of Parliament,
      AP pirtnre.  -  495 words
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  • COMMENT / Pick of the week’s editorials
    • Article
      Different but Singaporean
      616 12 AUG 15. 1990 THE Eurasian community achieved a small but significant victory when the Government finally acceded to its request not to be labelled as “Others" but as Eurasians on official forms. Agreeing to this last Friday. First Deputy Prime Minister Goh Chok Tong said that the
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    • Article
      Too much, too soon?
      687 12 AUG 16. 1990 WHETHER or not the world economy ultimately manages to shrug off fully the impact of the latest Gulf crisis, there is little mistaking its immediate effect on Singaporeans. The near-universal howls of protest over the oil companies' decision to raise petrol pump prices
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    • Article
      Of memories and celebration
      585 12 AUG 17, 1990 kok Indonesians. August n is uav brate their birth as a free people 45 years ago. For others, too. the date i$ a profound symbol of Asia’s coming of age The rites of passage, were painful in that country, as elsewhere on the
      585 words
    • Article
      A sense of belonging is what really counts
      756 12  -  Viewpoint By Sivam Subramaniam AS Singapore revels in the jubilation of 25 years of independence, it is perhaps appropriate to spare a thought for those Singaporeans no longer here for the celebrations and those who are contemplating leaving. I am referring to
      756 words
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  • COMMENT / ANALYSIS
    • Article, Illustration
      Slower growth of Chinese worries MCA
      1501 13  -  Some observers think that there are two possible meanings to Mr Woon’s words. One is to urge Malaysia’s ethnic Chinese to unite politically to offset their declining numbers. The other is to ask them to abandon race politics and go for multi-racialism. By Ismail
      1,501 words
    • Article, Illustration
      Party of the Year in KL
      463 13  -  Ismail Kassim. KUALA LUMPUR The annual reception given by the Singapore High Commission in Malaysia to celebrate National Day has always been regarded by those who frequent the cocktail circuit as the party of the year. Next to an invitation to the Istana (the
      463 words
    • Article, Illustration
      Lock icon S'pore among first in Third World to condemn Iraq
      1023 14 Clearly, Third World countries see greater danger in a superpower transgressing against a small, developing country than when the aggressor is a fellow-developing country. Alternatively, they automatically view the superpowers, and in particular, the United States, as bullies. Whatever the case,
      Hester pic tare.  -  1,023 words
    • Article, Illustration
      ‘Greater things in store for Wismojo
      531 14 NEW MAN TO WATCH THE nse of Maior-Generai Wismojo Arismunanoar earner last wee* to a Key oosiuon within the Indonesian armeo forces has 'wrought into focus yet anotner man to waten in Indonesia. Mai-Gen Wismoto s move to the post as commander of tne
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  • MONEY
    • Article
      S’pore office rents among world’s highest
      429 15 SINGAPORE has shot past Now York to become the fifth most expensive city in the world in terms of office rents, a survey by consultants Richard Ellis showed. According to the survey, it now costs US$74l a year to occupy a square metre of
      429 words
    • Article, Illustration
      Goods bound for Iraq, Kuwait stuck in Singapore warehouses
      526 15 Impact of Iraqi invasion of Kuwait LOCAL trading companies are faring a major slowdown in trade with the Middle East, with several million dollars worth of goods destined for Kuwait and Iraq now stuck in local warehouses as the Gulf crisis
      526 words
    • Article
      JB petrol kiosks report higher sales
      289 15 PETROL stations in Johor Baru have been recording higher sales following the latest pump price hikes in Singapore, The Star newspaper reported last week. It quoted Mr Low Seng Tien, Manager of the New Star Service Station in Johor Baru. as saying the actual
      289 words
    • Article
      Consumer Price Index inches up
      469 15 But analysts expect inflation index to show a bigger rise this month ALTHOUGH the Consumer Price Index (CPI) in July registered the smallest increase for the year so far a 2.6-per cent rise over last July the inflation index is expected to show a bigger
      469 words
    • Article
      SES MAIN BOARD
      3135 16 rRAN SAC Tl or 1 DATE: AUGUST 17, 1990 Gr's tm Tel Leal Vo! Day Leal Quote OH Met LOW Cotfo Comptny Sale or000 High Low layer letter Pit INDUSTRIAL COMMERCIAL 277 191 t 1000 Acma 222 -r 12 88 222 202 206 222 290 165 1142
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    • Article
      Gulf uncertainty acts as a dampener
      473 17 The weekly sharemarket review THE continuing uncertainties in the Gulf acted as a dampener on the local stock market with The Straits Times Industrials Index recording its second biggest-one day fall so far this year on Monday, Aug 13 In line with other regional
      473 words
    • Article
      CLOB INTERNATIONAL
      2171 17 TRANSACTION DATE: AUGUST 17 1990 T* Grs im Last Vol Day LmI Quota Otv Net M0N SE Lots SD A Company iQ lata or- OOC Mlgti Low Buyer Seller P It 157 m 4000 Amtek Eng20c 115 -3 10 115 114 114 115 6 ON 14 6 1?»
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    • Article
      DAY-TO-DAY STOCK INDICES
      185 17 ST Industrials Index The Straits Times Industrials Index fell 29.53 points on the week to 1314.13. DAY CLOSE TURNOVER Monday 1288.89 (—54 77) 79.79 m ($166 10 m) Tuesday 1294 7? (+5 83) 67 54 m ($134 57 m) Wednesday 1330 40 35 68) 84 99 m
      185 words
    • Article
      HONGKONG
      639 17 Friday August 17 HKS rAmoy Properties 305 -0 025 Allied Overseas 081 •0 03 Asia Sec int i 2075 -0 10 Asia Sec War 91 0«3 -001 Allied tw 0 $4 -0 03 -0 125 Bond Corp Ini I 2 175 Bond Corp War 91 092 -0 08 Bank
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    • Article
      S’pore broking firms seeking Malaysia tie-up
      423 18 ‘At least 5 firms finalising applications’ AT least five Singapore broking firms, including listed Kim Eng Securities and G. K. Goh Stockbrokers, are said to be finalising applications for tie-ups with their Malaysian counterparts. Broking sources said the rush is partly due to the
      423 words
    • Article
      COMPANY RESULTS
      497 18 Week ended Aug 17. Compiled by Business Times AUDITED RESULTS Company Date Year Group Net Net earnings Gross aim to profit/'Joss (L) per share dividend COM) (cents) MTP Mldjs Aug 3 Mar 90 82,334(82.7541.) 26(—) JCMPH Aug 3 Mar 90 815.408(812.840) 85(71) !0h(3) Murata Jul 27 Mar 90
      497 words
    • Article
      Dr Hu: Low inflation, high savings vital for growth
      185 18 SINGAPORE must maintain a low inflation and a high savings rate so that it can enjoy sustained improvements in living standard, said the Finance Minister, Dr Richard Hu. Writing in the August commemorative issue of Petir, a publication of the People’s
      185 words
    • Article
      YOUR SINGDOLLAR
      167 18 Singapore dollars to one unit of foreign currency Buying 00 Selling US dollar 1 7785 1 8005 Sterling pound 3 3798 3 4417 Australian dollar 1 4196 1 4602 Canadian dollar 1.5395 1 5746 N/ dollar 1 0900 1 1244 Singapore dollars to 100 units of foreign currency
      167 words
    • Article
      ASIAN CURRENCY UNIT
      112 18 Contract date: 17/8/90 CURRENCY! MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE U5$ 74 7 Vi '7 1 /2 7 V« 74 7', 21/8/90 AJ 12 3 12»/» 12 Vi 12»» 12V, 11V, 21/8/90 N2J 13 a 13 Vi 134 13 V, 13‘4
      112 words
    • Article
      New econometric model sticks to 8.1% growth forecast
      472 18 A NEW econometric model jointly developed by the Trade and Industry Ministry and the National University of Singapore has forecast an 8.1 per cent growth rate for the Singapore economy this year. Although the estimate was made earlier this year before the
      472 words
    • Article
      Citibank offers flexible account for investors
      356 18 INVESTORS with temporary liquid funds now have access to a new interestbearing account in which to park their funds. Citibank launched last week what it called "The Money Market Account”. The product is aimed at investment-minded individuals who move in and out of the
      356 words
    • Article
      UNIT TRUSTS
      274 18 Manager’s prices for August 18 A 20 Singapore Unit Trust The Commerce I 17—125 The Savings fund 0 97—1 03 Spore Prog fund 045-OAR Spore Sec fund 0.75—080xd Spore invest fund 0.80 085 S'pore Equity fund 056 060 Asia Unit Trust Ma 1 Invest fund 164 174 Mai
      274 words
    • Article, Illustration
      STPB to sell land for recreation
      368 19 THE Singapore Tourist Promotion Board (STPB) will sell two giant plots of land totalling 126 ha along East Coast Parkway (ECP) for recreational development, which could include a grand prix track and a golf course. The STPB, acting as an agent for the Government,
      368 words
    • Article
      Telecom invests $140m in cable network
      184 19 SINGAPORE Telecom is investing $l4O million in a joint-venture $620-million project to build the world’s first integrated optical fibre submarine cable network linking five Asian countries. Involving eight other telecommunications bodies, the project is scheduled to be completed in mid-1993. The other parties involved
      184 words
    • Article
      Third TDB trade mission to Burma
      264 19 A HIGH-LEVEL Singapore trade mission will visit Burma this week to explore business opportunities and to strengthen b«lateral trade between the countries. The 41-member delegation, organised by the Trade Development Board (TDB), will be led by Mr S. Chandra Das, the MP for Cheng
      264 words
    • Article
      DIVIDENDS ANNOUNCED
      452 19 Current Ex Books Date Total for Total for payment date dose payable the year last year Mti Mdp 6% Aug 28 Sep 7 Sep 26 6% 6% MOB 2 5% Sep 14 Sep 28 Oct 27 25% 2% MM 10* Sep 21 Oct 5 Nov 1 10% 7
      452 words
    • Article
      Lock icon Missing KLSE scrip problem believed solved
      330 19 NST, THE "MISSING" scrip problem in Kuala Lumpur is believed to have been resolved and the Kuala Lumpur Stock Exchange will be submitting a final report on the situation to the Malaysian Finance Minister soon. It is understood that since May, when 8,474 share
      – NST,  -  330 words
    • Article
      APPROVED ISSUES
      342 19 Company Rights Issue Krti Krtn (KK) Offers for sale by or on behalf of Utd Engineers (M) Bhd of 25 2m shares by way of a rights offer to entitled shareholders of KK on the basis of four tor-one (a, MSI 25 each Ei-date lul 20 Books dost
      342 words
    • Article
      Lock icon French insurer AGF secures base in S’pore
      446 20 BT LEADING French insurer AGF International, which caused a stir in the Singapore insurance community when it told Prime Minister Lee Kuan Yew in Paris in May that it was not allowed to buy into a local insurance firm, has finally secured a
      BT  -  446 words
    • Article
      Interest earnings help boost profit
      461 20 DBS Bank bottom-line profit at half-time: sl3om DBS Bank achieved interim group bottom-line profit of $130.4 million, a 15.6-per cent rise that was helped along mainly by better interest earnings, investment banking and treasuryincome. However, excluding contributions from the Insurance Corporation of Singapore, which ceased
      461 words
    • Article
      Exchange revises Singland issues
      147 20 AFTER a wait of more than two months, the Stock Exchange of Singapore has given in-principle approval to Singapore Land’s proposed bonus and warrants issues but on revised terms. Singland will now issue one bonus share for each existing ordinary share instead of an earlier proposed
      147 words
    • Article
      Growth rate falls short of projections, but resurgence is expected
      431 20 OCBC interim gain tops sloom for first time OCBC Bank has achieved its first interim profit above the $lOO-million mark, reporting last week a group net profit of $106.23 million for the six months to end-June. However, its earnings growth
      431 words
    • Article
      OUB chalks up 20.3% rise
      585 20 Best results among the Big Four: $46 million profit THE smallest of the Big Four local banks, Overseas Union Bank, has chalked up a 20.3-per cent increase in half-time net profit to $46.35 million. On that bottom-line figure. its group earnings per share were 15
      585 words
    • Article
      Haw Par profit up
      60 20 AFTER a disappointing second half last year, Haw Par Brothers International rebounded in the first half this year to record an interim pre-tax profit of $19.18 million. This was 28 per cent higher than the group profit for the corresponding period last year and almost double
      60 words
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  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      782 21 The Straits Times Weekly Overseas Edition OHMEDA BOC HEALTH CARE REGIONAL SERVICE MANAGER Ohmeda is a Division of BOC Health care an MNC in Critical Care. We have a vacancy for a Regional Service Manager. This person will be based in the Singapore Regional Office and will organize and manage
      782 words
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  • Page 22 Advertisements
    • Advertisement
      Page 22 Advertisements Column 1
      687 22 The Straits Times Weekly Overseas Edition APPOINTMENTS PUTTING YOU A STEP AHEAD C&L pQQ uTnTTKV 0! I |S»,I |Qy TAKE ON THE CHALLENGE Oil Traders MCS ***** Our client, a well established international oiltrading company contemplating A.O.T. status in Singapore, wants Singaporeans to join in the creation of an aggressive
      687 words
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  • FORUM
    • Article
      A strong will is essential
      235 23 Iraq’s invasion of Kuwait PERMIT me to congratulate you on the reasoned, robust and pertinent article, “Strong words without action undermine superpowers’ credibility”. Recent events, especially the news that Turkey and Saudi Arabia have announced their co-oper-ation with the US and/or the UN in standing
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      Chok Tong is only alerting Singaporeans
      203 23 I READ with interest the Jakarta Post’s comment on First Deputy Prime Minister Goh Chok Tong’s remarks that Singapore must never allow itself to suffer the same fate as Kuwait. Given the fact that Indonesia is a close neighbour of Singapore, the paper’s apprehension
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    • Article
      Do not think we will never be attacked
      233 23 INTERNATIONAL response to Iraq’s invasion of Kuwait has been swift. Many countries have strongly condemned the invasion. The Soviet Union, the main supplier of arms to Iraq, has commendably halted arms shipments. The freezing of Iraqi and Kuwaiti assets by France, Britain,
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      Enlightened leaders have kept the peace in region
      182 23 THIS letter is in reply to the editorials which appeared in Media Indonesia, Jakarta Post and Berita Harian Malaysia last week in response to First Deputy Prime Minister Goh Chok Tong’s remarks concerning Singapore’s security. The learned editors of these papers have
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      We can only depend on ourselves
      179 23 IRAQ’S belligerent stance towards Kuwait has not gone unnoticed by the international community. Its reason for the invasion is farcical. If it is allowed to get away with its unwarranted action against a small neighbour, other small nations like Singapore would be placed in
      179 words
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      147 23 MAJOR ISSUES ONE ISSUE. 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
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      272 24 The Battle Is In The Engineering Field. a r ■■■4 4 it Km s 4 ri r s i Research Development Systems Acquisition Systems Maintenance Systems Design Systems Engineering Resource Planning Operations Analysis Now, more than ever, defence engineering is of crucial importance. In modem warfare, the effective use of
      272 words