The Straits Times : Weekly Overseas Edition, 5 January 1991

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY, JANUARY 5, 1991 Price: 551.20 (in Singapore) Elsewhere by subscription only MCI (P) 71/8/90
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  • 1224 1  -  New checks and balances system now in place By Bertha Henson PARLIAMENT on Thursday amended the Constitution to establish an Elected Presidency in Singapore, putting in place a novel innovation to the political system here. With 75 ayes to one nay, it passed the
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  • 107 1 THE White Paper on Shared Values was presented to Parliament by Prime Minister Goh Chok Tong on Thursday. The paper, which seeks to Identify a set of values for Singaporeans and the Government's thinking behind them, was cited by Mr Goh as one of
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  • 791 1 ‘Don’t allow difficulties ahead to divert us from long-term aim of building a better nation’ IN his first New Year message to the nation, Prime Minister Goh Chok Tong said Singapore should remain united and trim in order to weather some of the
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  • NEWS FOCUS
    • 677 2 THE National Kidney Foundation will be setting up a $5O million endowment fund to help provide dialysis on a long-term basis. Announcing this last Friday, Dr Tay Eng Soon, Senior Minister of State (Education) and president of NKF, said the NKF Endowment
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    • 494 2 YES, Singaporeans do have heart. The $88,364,761.23 raised by the 1 pm deadline on Monday for the 25th Anniversary Charity Fund proves it. With the Government's dollar for dollar pledge, the total collected for the less fortunate amounts to a whopping $176 million.
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    • 548 2 AIRLINES from Singapore and Indonesia can double the weekly flights between the two countries following a very liberal air accord reached last week, the first in over two decades. It also means that, for the first time, the two countries will formally sign an
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    • 942 3  -  High-level body to be set up will map out policy By Felix Soh A HIGH-POWERED National Policy Committee for the Family and the Aged will be formed this month to map out an up-to-date policy to tackle the problem of a rapidly ageing Singapore population.
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    • 345 3 A MICROMOUSE, the music score for the national anthem. a video tape of the first National Day Parade in 1966 and water from the Singapore River will all have a story to tell 25 years from today. They were among the 88
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    • 571 3 MR GOH Chok Tong taking over as Singapore’s Prime Minister was voted the Top Story of the Year by readers in The Straits Times readers’ poll recently. More than 8,500 entries were received one of the highest responses to a newspaper contest
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  • PARLIAMENT
    • 1009 4 Many ways a bad government can bankrupt the country, Singaporeans told Elected Presidency Bill PRIME Minister Goh Chok Tong on Thursday warned Singaporeans that having an Elected President as “goalkeeper” did not mean they could be freer with their votes. Rounding
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    • 580 4 Radiation Protection Bill MICROWAVE ovens, high-powered lasers, ultrasound machines and ultraviolet sunlamps will now require import or manufacturing licences under a new Bill passed on Thursday. The new Radiation Protection Bill, which repeals the old Act first introduced in 1973, is intended to
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    • 358 4 NO: He’ll be ruled out because of stringent criteria, says MP YES: He is eligible because of his experience, says Prime Minister Goh CAN Singapore's veteran ambassador Professor Tommy Koh stand for the post of Elected President? No, according to Dr Koh I.am Son
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  • HOME
    • 425 5  -  By V. Prema AT FIRST glance, Mr Wee Soo Hup looks like any other healthy, normal person. But almost seven months ago, the 60-year-old retired civil servant made history as Singapore’s first heart transplant patient. On Monday, a smiling Mr Wee spoke
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    • 515 5  -  By Bertha Henson SIGNIFICANT changes have been proposed to the legal profession in a Bill to amend the Legal Profession Act which was introduced Parliament on Thursday. Among other things, the Bill aims to allow former Supreme Court judges to practise as solicitors,
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    • 416 5 Police says request is a routine one Ex-state counsel who was found hanged POLICE on Thursday described as "routine” a request they had made to banks for information relating to any account held by a former senior state counsel who was
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    • 443 5 THE family of a teenager, who died of head injuries when debris from an uncompleted block of Housing Board flats fell on him nine years ago, has been awarded $61,415 damages by the High Court. The award was made against the contractor,
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    • 279 5 A FILIPINO maid has reported to the police that she was raped by three men in a bungalow off Farrer Road last Saturday. But it is learnt that only one of the three suspects, who were arrested by police on Wednesday,
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    • 399 6 THE National Trades Union Congress is going to continue with its medical discount scheme for union members and has challenged the Singapore Medical Association to act against participating doctors. In a statement to The Straits Times on Wednesday. NTUC’s Deputy
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    • 244 6 A GREEN jewel in the heart of a modern city that was what the designers of Marina City Park wanted the $7.5-million park to be. A special feature of the park is a $145,000 jet fountain. At 30 metres about the
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    • 374 6 TWO men have been arrested in connection with the murder of a transvestite who was found stabbed to death in Queen Street in October last year. The case, which had stumped police for the past two months, was solved with the arrest of
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    • 591 6 MORE older men and women are turning to private marriage aid bureaus in their search for a companion, friend and life partner. Most of the six agencies contacted by The Straits Times said that besides singles, this 50-years-and-above group includes divorcees, widows and widowers
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    • 610 7  -  By Sumiko Tan THE different ethnic communities in Singapore should set up their own heritage centres, but in a way that promotes national unity and social harmony, BrigadierGeneral (Res) George Yeo said on Sunday. Addressing about 1,000 Sikhs at
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    • 291 7 NOTHING, it seems, can tear the Singaporean away from his food not even attractive models in sexy swimwear. But the Bangkok Garden Thai Restaurant in Hotel Negara is trying. The Claymore Drive restaurant offers more than spice in the food
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    • 280 7 THE Singapore Broadcasting Corporation has launched a scheme for voluntary early retirement in which those asked to retire will be offered a “golden handshake”. Staff below the age of 50 who resign will receive one month of their last drawn salary for
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    • 464 7 A GLOBAL player, with the world as its stage and audience. That is the goal of SBC as seen by its chairman Dr Cheong Choong Kong. Speaking at the SBC staff union Bth anniversary dinner and dance at Marina Mandarin Hotel on
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    • 561 8 TRADE unions with a heart for the less fortunate and a helping hand for cultural promotion These are just two resolutions for the National Trades Union Congress in the new year. Other plans lined up for 1991 include a big May Day
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    • 203 8 MR GOH Chee Wee. 44. (above) has been promoted to the post of NTUC deputy secretary-general, an NTUC spokesman said. His appointment was approved last Thursday by the NTUC’s central committee which also co-opted him into the poli-cy-making committee. With his promotion.
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    • 378 8 THE thing that giant pandas An-An and Xinxing will miss most in China will be the local food. Not the hawker fare, but the Buddha Bamboo leaves which they have grown to love during their three-month stay here. They left for home
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    • SNIPPETS
      • 114 8 LEGGY Jary Tan, 19, a chemistry student, became Miss Singapore Asia Pacific 1991 on New Year’s Eve. but will have to wait to find out where and when she will compete in the international stage of the contest. Mr Errol Pang, the Singapore contest’s organising
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      • 134 8 VISITORS to the Selangor Pewter Museum in Tanjong Pagar. which is reputed to be the only one of its kind in the world, can view rare pewter artefacts from as long ago as the late 19th century. On display are 75 collector’s items such
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      • 85 8 FINALLY, a way to eat kwa chee without fuss Available in Singapore is a contraption to crack the übiquitous melon seed just in time for the Lunar New Year, too. Called Handicrac (below), this device is held in the palm of the hand. The melon seed
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    • 456 9  -  Brain tumour removed with help of computerised machine By V. Prema SMALL, deep brain tumours can now be removed with minimal damage to surrounding brain tissue. A neurosurgeon in Tan Tock Seng Hospital has scored a first in this region
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    • 417 9 TWENTY-FIVE thousand best wishes and congratulatory messages signed and compiled into two big books were presented to Prime Minister Goh Chok Tong last Friday. Representatives of Youth Challenge, a youth voluntary organisation, were at the Istana to hand over the velvet brown
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    • 456 9 SWITCHING from leaded to unleaded petrol costs more than many motorists are going to be willing to pay, say many car dealers and workshop owners. Given the prohibitive cost of conversion, which can run up to $5,000, they are advising car
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    • 333 9 TRADE unions can do more community work in the years ahead to help less fortunate Singaporeans, Mr Ong Teng Cheong has said. He said that while unions will continue to look after workers’ welfare, they have now reached a stage where they
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  • MALAYSIA
    • 462 10  -  professionals. ISMAIL KASSIM. KUALA LUMPUR The New Economic Policy the country's most ambitious so-cio-economic restructuring vehicle ended on Monday with mixed results after two decades of contentious existence. Its expiry ended quietly and with hardly any comment. despite the controversies and
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    • 381 10 Bernama. GELANG PATAH (Johor) The proposed second link with Singapore is part of a 20-year redevelopment plan for Gelang Patah covering 17,860 ha of land. Information Minister Datuk Mohamed Rahmat said Gelang Patah is the town nearest the
      Bernama.  -  381 words
    • 261 10 KAJANG (Selangor) Prime Minister Datuk Seri Dr Mahathir Mohamed has urged television stations to cut down the number of violent shows and telecast more family-oriented programmes. He was quoted by the New Straits Times as saying on Tuesday that there were
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    • 157 10 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad appears to be no match for Malaysian Mighty Man, Mr R. I^tchemanah. Despite a vigorous tug of the ropes tied to Mr Letchemanah’s locks, the Prime Minister failed to budge the strongman who hit
      with his body. NST picture.  -  157 words
    • 442 10  -  Issue centres on martyrdom of members who died in Memali tragedy By Ismail Kassim KUALA LUMPUR Barely two months after the general election, the opposition Parti Islam seems to be heading for yet another confrontation with Umno. the leader of the ruling National
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    • 156 10 KUALA LUMPUR Between 7,000 and 8,000 Malaysians emigrate to Australia each year, said the Australian High Commissioner to Malaysia, Mr Frank Murray, in a Nanyang Siang Pau report last Saturday. The report, however, quoted the diplomat as saying that there had been a slight drop
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  • ASEAN
    • 478 11 Hotels, airlines straining to cope with flood of tourists Reuter. JAKARTA Hotels are bursting at the seams, international and domestic flights are running long waiting lists and Visit Indonesia Year (VTY) only began on Tuesday. The stated aim of the campaign
      Reuter.  -  478 words
    • 350 11 BANGKOK Thai Army Commander-in-Chief General Suchinda Krapayoon has warned that the country’s political stability is threatened by politicians who engaged in corruption, said a BBC report on Monday. He was quoted as saying that the army was following politics from a distance and
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    • 447 11 AFP, Reuter. AP, JAKARTA President Suharto has appealed for greater national unity in spite of differences of opinion. "We give room for differences of «pinion in the context of expanding and enriching our vision of nationalism and togetherness,” he said in his traditional
      AFP,; Reuter.; AP,  -  447 words
    • 300 11 Reuter, AFP, AP, UPI. MANILA Twenty-one people were killed, many by stray bullets, and more than 1,500 were injured as Filipinos celebrated the New Year with fireworks and weapons, police and hospital authorities said on Tuesday. At least 13 fires caused by fireworks
      Reuter,; AFP,; AP,; UPI.; Reuter picture.  -  300 words
    • 133 11 Reuter. MANILA The widow of ousted Philippine President Ferdinand Marcos has admitted that her husband shipped gold bullion from the country, and hinted that she was willing to return it. Mr David Castro, the Presidential Commission on Good Government chairman, said on
      – Reuter.  -  133 words
    • 222 11 the minister said. Bernama. JAKARTA Indonesia wants Asean member countries to adhere strictly to the consensus adopted in Kuala Lumpur in 1971 to establish a Zone Of Peace, Freedom And Neutrality (Zopfan) in the region. Foreign Minister Ali Alatas, speaking before a
      the minister said. Bernama.  -  222 words

  • COMMENT/ Pick of the week’s editorials
    • 664 12 JAN 5. 1991 SINCE Mr Oei Hong Leong appeared on the corporate scene here more than a decade ago, he had kept business circles mesmerised with one well-executed market coup after another. Consequently, the froth associated with his vehicle, United Industrial Corporation, had little to do with its
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    • 656 12 JAN 2. 1991 FOR Singaporeans, who are accustomed to scoring well in international business surveys, the results of a recent poll by Time Magazine must appear mixed, if not worrying in some respects. The survey drew a response from 9.200 subscribers of the magazine in 11
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    • 685 12 JAN 1. 1991 MUCH as it is proper to say nice things at the start of a new year, it would be more honest to say that this year begins on a marked note of uncertainty carried over from last year. The immediate problem is what
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    • 922 12  -  Viewpoint By Han Fook Kwang THE Government’s health policy was subjected to another examination at a recent public forum organised by the Institute of Policy Studies. According to the main speaker. Dr Phua Kai Hong, the signs are not too healthy. The
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  • ANALYSIS
    • 2409 13 Concluding part of a two-part series The genie has been released from the Marxist bottle and there’s no turning back. Dr Goh Keng Swee concludes his review of The Spiral Road written by Prof Huang Shu-min (Westview Press, 1989), about life in a Fujian village in China, seen
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  • FEATURE
    • 913 14  -  SPOTLIGHT on higher education in Germany Reports by Philip Looi MORE Singaporeans want to study German although not many may be aware that they can get free education at a German university. Universities in Germany do not charge either German or foreign students
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    • 678 14 NO regrets despite the longer period required to get a German degree. This was the view of three who were among 30 Singaporeans who won Public Service Commission (PSC) scholarships in 1979 and 1980 to study in what was then West Germany. The three,
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  • MONEY
    • 1065 15  -  By Tan Sung UNDAUNTED by the turbulent second half of 1990 and the economic uncertainties in the new year, local industry captains are hoping that 1991 will be even better than the last. For example, general manager T. Ishiwatari of Nissho
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    • 751 15  -  By Sharon Lau AS MOVES are stepped up for a global automated futures trading system to start functioning in the first half of the year, the executives who head the Republic's futures exchange, the Singapore International Monetary Exchange, might well
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    • 3261 16 TRANSACTION DATE: JANUARY 4, 1991 1991 T«1 Qr'e Leal Vol Day Leal Quote Oiv Dale High Low Cod* Company Sale Of000 High Low Buyer leiler Payable INDUSTRIAL COMMERCIAL 277 152 t 1000 Acma 167 2 18 18/ 1K> 1M> IOO 290 165 1142 Alex Hidgs 50c 210
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    • 500 17 The weekly share market report THE stock market opened the year on a whimper but picked up slightly over the next two days in a trading week that was shortened by the New Year holidays. But volume remained small as most players stayed
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    • 1943 17 TRANSACTION DATE: JANUARY 4 1991 Qrs mi Tal Last Vat Oay Last Quota Dlv Nat High Low Cod« Company Solo or000 High Low Ouyar Sollar Pit SE 128 SI 80 AQ 1269 Fup 0**aat20e 100 4 14 100 100 99 101 10 ON 98 300 124 1266 G8
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    • 149 17 ST Industrials Index The Straits fanes Industrials Indei rose 26.09 points on the week to 1180.57. DAY CLOSE Monday Closed Tuesday Closed Wednesday 1153.48 (-1 00) 15.98 m ($29 85 m) Thursday 1164 94 11 46) 20 48 m ($45 40 m) Friday 1180 57 15 63)
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    • 597 17 Friday Jan 4 HKt 1 Amoy Propnrtia* 360 unch Allied Oversea* 0 69 0 02 Asia Sec lot 1 1 74 0.01 Asia Sac War 91 0 134 unch Allied TW 0 70 001 Bond Corp Int'l 1 09 ♦001 Bond Corp War 91 0 365 0 015 Bank
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    • 463 18  -  By Eddie Toh PERCEPTIONS of the Singapore economy from within the Asian region are mixed despite its impressive growth rate over the past 25 years, according to a recent survey by Time Magazine, The survey attributed the mixed perceptions to “the
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    • 167 18 COUNTER RATES Singapore dcilure to ono unit ot foreign currency Buying 00 Settng US dollar 1.7280 1 7500 Sterling pound 3.3525 ***** Australian dollar 1.3242 1 3720 Canadian dollar 1 4899 1 5244 NZ dollar ***** 1 0500 Singapore dollar* to 100 unit* ot foreign currency Austrian schilling
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    • 120 18 Contract data: 4/1/91 OMOtCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE DATE USJ 6V« 6 3 6 J /4 6 3 /i 614 6 3 98/01/91 A3 ICV* 10v, 10‘j ;o*4 10‘4 9 08/01/91 NZJ i0‘4 10 7 4 11 V* 11V.
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    • 492 18 BLUE-COLLAR and clerical workers can expect a pay rise of 8.48 per cent this year, only marginally lower than the 9.19-per cent for last year, despite the looming economic slowdown, according to a Hay Management Consultants' survey. According to Mr Nelson
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    • 578 18 AUDITED RESULTS Camp**» Data Year Group Nat Nat aaralagt* Atom ann ta pfoflt/la»» (l) par ihara 4M4aaM COOO) (canto) 96 Cmtoi Oac 14 lul 90 838 911(833.777) 126(113*) 20TU(9Tta) LAM Ok 13 Ion 90 81.418(8492) 43(19) 2(1) Mint In Ok 11 lun 90 89 498(819.684) 9 4(123) 16(16)
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    • 255 18 SINGAPORE companies had invested $1 billion through alliances, mergers or acquisitions in 50 projects overseas over the past two years. This figure did not include investments by Singapore companies in projects in Batam and Johor, said the Economic Development Board (EDB) at
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    • 225 18 JURONG Town Corporation (JTC) intends to spend $l9O million on development expenditure in the current financial year ending March next year, in spite of a slowdown in demand for industrial facilities. In a statement accompanying the release of the statutory board’s 1989 90
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    • 321 18 Manager’s pricea for January 5 and 7 Singapore Unit Trust The Commerce 1 14-1 21 The Savings Fund 0 92-0 98 S pore Prog Fund 0 41-0 44 S pore Sec Fund 0.73-0 78 S'pore Invest Fund 0 77-0 82 S pore Equity Fund 0.51-0 54 «d Asia
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    • 379 19 SOME local hotels have increased their published room rates by as much as 27 per cent from Tuesday despite the projected weakening of the tourism industry. Among hotels contacted by The Straits Times, Orchard Parade’s (formerly Ming Court Hotel) walk-in
      379 words
    • 172 19 SINGAPORE becomes the regional headquarters for Taisho Marine and Fire Insurance Co Ltd from this year as the Japanese insurance giant develops further its localisation policy. And confident of the outlook for general insurance here and in the rest of Southeast
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    • 499 19 Current Ex Books Date Total for Total tor payment date dose payable the year last year «58 10%(b) Jan 4 Jan 18 Jan 28 10% 12% Uff NYA Dec 14 Jan 3 Feb 15 NYA 28% Ami Steel 12.61(b) Nov 29 Dec 13 Jan 21 126% 8%TE Am
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    • 546 19 S’pore computer maker setting up office in China and Taiwan and preparing for listing on New York bourse HOME-GROWN computer manufacturer Creative Technologies is creating waves in the overseas marketplace, with aggressive plans for a public listing in New York and globalisation of
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    • 533 19 CALIFORNIAN semiconductor producer Siliconix will open a chip design centre in Singapore in April, just six months after setting up its Asia-Pacific regional headquarters here. Mr Richard Kulle, Siliconix's president and chief executive officer, told The Straits Times in a
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    • 189 19 Company Rights Issue Causeway tnv Three-tor-four (a, JO 60 per share Ex-date Dec 10 Books close Dec 20 Acceptance Payment Feb cm Five-for-four (a, MW 00 per share Exdate Nov 23 Books close Dec 7 Acceptance Payment Jan 22 M Mosaics One-tor-one <a MSI 50 per share Exdate
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    • 2308 20  -  Business Times Top 100 ranking by marketing capitalisation as at Dec 28, 1990 By Diana Oon BT. AS THE year got underway, investors shrugged off forebodings of a shrunken market with the delisting of Malaysian stocks on Jan 2, 1990, and
      BT.  -  2,308 words
    • 466 20  -  By Goh Eng Yeow PHILLIP Securities, one of Singapore’s top three stockbroking firms, is exploring opportunities to expand abroad to strengthen the already strong regional presence it has. Concurrently at home, it plans to capture a bigger slice of the
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  • Page 21 Advertisements
    • 703 21 The Straits Times Weekly Overseas Edition NATIONAL UNIVERSITY W OF SINGAPORE DEPARTMENT OF PATHOLOGY Applications arc invited for an academic position of Hacmatologist in the Department of Pathology. Candidates must possess an approved basic medical degree and a recognised postgraduate professional qualification in laboratory-based haematology (M.R.C.Path..F.R.C.P. A. or equivalent). Experience
      703 words

  • Page 22 Advertisements
    • 732 22 i w The Straits Times WeekK ()\erseas Kdition PLAN YOUR CAREER WITH THE FUTURE IN MIND The Urban Redevelopment Authority is Singapore's planning and convservation authority. To achieve our goal of making Singapore a tropical city of excellence, we need a team of highly motivated and top class professionals. We
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  • FORUM
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    • 141 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 copied to us
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    • 158 23 HOME DELIVERED WEEKLY The Straits Times Weekly Overseas Edition. A crisp summary >* of happenings in Singapore. Politics, 0 the economy, V> C A investment opportunities, ‘executive appointments.... And snippets on Malaysia and Asean. A convenient tabloid delivered to you every week, wherever you may be. Subscribe now. And be
      158 words

  • 878 24  -  1 Aiming for steady growth of economy 2 Spreading the benefits around By Zuraidah Ibrahim PRIME Minister Goh Chok Tong said last Saturday that his Government's twin economic objectives were to secure steady growth and to spread its benefits around. Speaking at the Housing Board
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  • 178 24 THE Government has advised Singaporeans who need to remain in the Gulf region to register with the Singapore Embassy in Riyadh, Saudi Arabia, in view of the increasing uncertainty in the area. In a statement issued on Thursday,
    178 words
  • 169 24 TRAFFIC jams sprouted all over the island on Tuesday when Shell offered free petrol to the first 100 customers at each of its 89 outlets. At a kiosk in Commonwealth Avenue West, one queue, leading into Tanglin Halt Road, consisted of more than 100
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