The Straits Times : Weekly Overseas Edition, 18 May 1991

Total Pages: 24
1 24 The Straits Times : Weekly Overseas Edition
  • 21 1 The Straits Times WEEKLY OVERSEAS EDITION SATURDAY. MAY 18. 1991 Price: 551.20 (in Singapore) Elsewhere by subscription only mci (P) 7uag9i?y-
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  • 725 1  -  Govt revises upwards its figures for this year By Mary Kwang A MORE upbeat 6-8 per cent economic growth for Singapore this year. This is the latest forecast by the Government, which had earlier thought that the economy would expand by only 3 to
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  • 333 1 MALAY business leaders honoured President Wee Kim Wee on Sunday when they presented him with a tanjak a traditional headgear symbolising their respect for his statesmanship. The red and gold ceremonial headgear was placed on President Wee’s head by Haji Abdul Hamid
    Picture by AZIZ HUSSIN.; foreign diplomats. Picture by Aziz Hussin.  -  333 words
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  • NEWS FOCUS
    • 744 2  -  By Sumiko Tan KUALA LUMPUR Malaysian newspaper croup Star Publications and its group chief editor on Monday apologised to Mr Lee Kuan Yew for publishing two defamatory articles in 1987, and agreed to
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    • 281 2 THE two Sunday Star articles concerned the suicide of former National Development Minister Teh Cheang Wan. who took an overdose of barbiturates in December 1986 while under investigations for accepting bribes The first article. “Graft in the Squeaky Clean Republic”, was published
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    • 234 2 DOW Jones and Company on Monday officially withdrew its appeal against the judgment favouring Senior Minister Lee Kuan Yew in his libel suit against the Far Eastern Economic Review. The three-judge Court of Appeal granted the appellants leave to withdraw the appeal and
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    • 420 2 THE National Museum is planning to open a a multi-million-dollar “showcase of Asian art" within the decade, museum director Kwa Chong Guan said or. Tuesday. The Asian art gallery, which will cover an area about the size of the pres ent museum
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    • 335 2 SIA is banning its employees' children who are under six years old from travelling in its first- and businessclass cabins on long flights. And the Air-Transport Executive Staff Union (AESU), which represents about 800 administrative staff (excluding managers), is challenging the ruling,
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    • 453 3  -  Gap between different ethnic groups also narrowing By Ng Wei Joo THE academic results of students from the three major ethnic groups Malays, Indians and Chinese have improved over the past 12 years. Although the pass rate among the Chinese remains highest, followed by Indians,
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    • 251 3 GUESTS at a fund-raising dinner last Friday found themselves in Mozart’s world more than 200 years ago in a dining room dressed as an "opera theatre’’. Served by waiters and waitresses in period costumes and powdered wigs and entertained by a simi-larly-costumed ensemble, it
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    • 242 3 PRIMARY SCHOOL: Examination results from 1979 to 1990 show that the pass rate of Chinese pupils in the PSLE jumped from 78 per cent to 91 percent in the last 12 years. Both Indian and Malay pupils chalked up a similar improvement rate of
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    • 429 3 PASSENGERS using Subang Airport will not be allowed to carry knives or fireworks into the aircraft, said Malaysian Transport Minister Datuk Seri Ling Liong Sik has said. He said these items would be returned to the
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  • HOME
    • 841 4  -  Privatising Changi Airport: Second feasibility study now on By Yap Koon Hong A DECISION to privatise the Civil Aviation Authority of Singapore, a move which will offer Singaporeans a stake in owning the world s best airport. »111 be made before the end of the
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    • 208 4 THERE is no need for a Mass Rapid Transit link to Singapore Changi Airport for at least the next II years, said Dr Yeo Ning Heng. The Minister for Communications said that while plans eventually called for an MRT link
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    • 298 4 THE Chief of Navy, Commodore James Leo, will be seconded to the Port of Singapore Authority as its executive director from next month. He will be succeeded by Colonel Teo Chee Hean. Col Teo is the present Deputy Chief of Navy and Director.
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    • 536 4  -  By Mathew Pereira A SINGAPORE Armed Forces cadet-officer topped the foreign trainees at the renowned military academy of Sandhurst to take the prestigious Overseas Cane Award. Second-Lieutenant Lim Tien Hock. 20, was presented the award by Queen Elizabeth last month. There were
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    • 166 4 SINGAPORE and a unified Germany have signed their first air services agreement. Under the agreement, following talks held here, the airlines of each country may operate up to nine weekly services between and beyond Germany and Singapore. Previously, Singapore had rights to seven
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    • 560 5 Court ruling on SIA case will bind all unions, bosses A LEGAL battle is expected to take place in the Industrial Arbitration Court soon over whether employers can attach conditions before extending the retirement age of their staff. Singapore Airlines and the Air
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    • 291 5 THE 520 students taking part in this year’s pre-uni-versity seminar next month will focus on Singapore’s next lap as a nation. This theme is in reference to the recent publication, Singapore: The Next Lap, in which more than 1,000 people contributed ideas
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    • 230 5 THIS traditional Chinese boat (above) modelled after ancient Chinese vessels from the Ming Dynasty era will ply the waters of Singapore from July 1. Called the Cheng Ho, the boat Is embellished with flying dragons on both sides and a tiger’s head on the
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    • 125 5 SINGAPORE'S massive na-tion-wide identity card reregistration exercise will take off on June 3. On Wednesday, about 700 grassroots leaders were given a briefing at the Singapore Labour Foundation Auditorium by Mr Tang Guan Seng, Parliamentary Secretary (Home Affairs), on how the three-year
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    • 477 5 Transfer will provide NTU with strong alumni: GPC chief THE Government Parliamentary Committee (Education) is actively working on transferring the alumni rolls of former Nanyang University graduates to the Nanyang Technological University. When the National University of Singapore was established
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    • 840 6 Senior Minister Lee at the Asahi Shimbun symposium TOKYO Japan needs to be more international-minded, less self-centred and more Opel) to foreigners if it is to play a bigger global role. Senior Minister Leo Kuan Yew has said. But if
      Reuter picture.  -  840 words
    • 296 6 A COUPLE will be the first to have their wedding solemnised in a community club today, an idea the People's Association is selling to wedding couples. The groom-to-be, Mr Eric Goh Wee .Seng, 32, chose Yuhua Community Club as the venue because
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    • 756 6  -  By Kwan Weng Kin Tokyo Correspondent TOKYO Arguing thai Western-style democracy was not for everybody. Senior Minister lx>e Kuan Yew said at a symposium hero last Thursday that China would never become a democratic state "No US Congress, howev
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    • 590 7 Coroner’s inquiry into 33 deaths in Hotel New World disaster A VERDICT of negligence has been recorded on the deaths of 33 people in the Hotel New World disaster five years ago. State Coroner Francis Tseng, who did this after a
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    • 519 7 STILL HAUNTED BY THE TRAGEDY FIVE years after the Hotel New World disaster, Madam Chua Ah Muy, 54. whose husband died in it still suffers from sleepless nights. On Monday, she and some 20 other relatives of the victims were visibly emotional
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    • SPORTSFRONT
    • 887 8  -  By Brendan Pereira THK amount of money Sin gaporeans spent on gambling last year was more than the expenditures of some governments year, nearly $2 billion were placed on lotteries, horse-racing bets and Toto. This whopping figure takes on more meaning when it is compared
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    • 362 8 MENDAKI has launched its first unit trust scheme, the Amanah Saham Mendaki (Mendaki Growth Fund), with the long-term objective of giving the Malay/Muslim community a greater stake in Singapore’s economy. Speaking at ASM’s official launch at the Marina Mandarin Hotel last Friday, Environment Minister
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    • SNIPPETS
      • 127 8 THE Singapore Symphony Orchestra will leave soon for a tour to Europe, its third since 1985. Led by Mr Choo Hoev. the SSO’s music and resident conductor, the 97-member contingent will leave on May 26 for Britain, Spain, Greece and Turkey.
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      • 196 8 THE forme»- director of the l,egal Aid Bureau. Mr K.S Rajah (right/, has been appointed a judicial commissioner of the Supreme Court The Prime Minister's Office announced on Monday that Mr Rajah, 61, will serve a one-year term starting from Wednesday. His appointment is in
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      • 187 8 POLAR bear cub was born to the Singapore Zoo last December, but its birth was only made public last Friday when the playful, creamy-furred cub left its den. The reason for the secrecy: mother Sheba's two previous cubs died within a day of birth and zoo
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    • 434 9 It includes the first underground road tunnels in S’pore SINGAPORE’S biggest road construction project has finally been completed. The last section of the Central Expressway, a 3.7 km stretch from Bukit Timah Road to Chin Swee Road which includes Singapore's first underground road tunnels, was finished last
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    • 494 9 He also gets 24 strokes of the cane A BUSINESSMAN, who raped two women and molested 11 others in six shopping centres over a period of 18 months, was sentenced to 16 years jail and 24 strokes of the cane by the High Court
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    • 269 9 SINGAPORE will place greater emphasis on selling the Growth Triangle as a tourist package. To be in a better position to do so, officials from Singapore Tourist Promotion Board's overseas offices, who were here for their annual conference recently, toured Batam to see the
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  • MALAYSIA
    • 348 10  -  By By Kalimullah Haaaan KUALA LUMPUR Police on Monday detained Sabah Foundation director Datuk Seri Dr Jeffrey Kitingan. brother of Chief Minister Datuk Seri Joseph Pairin Kitingan. under the Internal Security. In a one paragraph statement. Sabah Commissioner of Police Shamsuri Arshad said police detained
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    • 353 10 PETALING JAY A The government will introduce English-language programmes which link local teacher training colleges with British universities to help improve the standard of English in Malaysian schools. Education Minister Datuk Dr Sulaiman Daud said on Tuesday. The programmes would
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    • 313 10 Kan Seng gets surprise award at the investiture ceremony JOHOR BARU Mr Goh Chok Tong received Johor’s highest state award from Sultan Iskandar at a three hour investiture ceremony held at the Istana Besar last Saturday. Before an audience of more than 400, the Sultan
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    • 408 10 KUALA LUMPUR Malaysia plans to impose a levy on foreign workers to curb the influx of immigrants, but plantation owners say the move couid hit them badly. Labour Minister Datuk Lim Ah was quoted by The Star newspaper as saying
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    • 181 10 KUALA LUMPUR A Cabinet committee headed by Prime Minister Datuk Seri Dr Mahathir Mohamad will draw up a long-term infrastructural development plan for Kuala Deputy Prime Minister Ghafar Baba said on Tuesday. The committee, whose members would be selected by the Prune Minister.
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    • 273 11  -  By Ahmad Osman JOHOR HARU Indonesia should use Batam as a holding and processing centre for Indonesians who want to work in Malaysia, Mentri Besar Tan Sri Muhyiddin Yassin suggested Wednesday. The proposal, he said, would help to prevent more Indonesians from coming
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    • 216 11 THE government may impose a fee on all vehicles entering the city centre of Kuala Lumpur to reduce traffic congestion in the capital, according to a report in the Shin Min Daily News on Wednesday. The newspaper quoted Transport Minister
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    • 221 11 KUALA LUMPUR The opposition Spirit of '46 is now weeding out “bad hats" in the party and will not allow those who have left to rejoin it, said party president Tengku Razaleigh Hamzah. According to a report in the
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  • ASEAN
    • 548 11  -  Move will allow further probe into alleged graft by ex-politicians By Tan Lian Choo Bangkok Correspondent BANGKOK Army Commander-in-Chief General Suchinda Kraprayoon has called for legislation to curb graft practices and allow Thai civil authorities to continue investigations into alleged corruption involving former
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    • 410 11 AFP, AP. JAKARTA A senior government minister has laid down conditions for the lifting of travel restrictions imposed for the past 11 years on a group of leading Indonesian dissidents, press reports here said on Wednesday. In an interview with the
      AFP,; AP.  -  410 words
    • 314 11 BANGKOK The Thai Cabinet has given the go-ahead for the construction of Bangkok’s second international airport at Nong Ngu Hao. When completed in 2020, it is estimated that the airport can handle 55 million passengers annually. The Nation on Wednesday quoted Transport and
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  • COMMENT / Pick of the week’s editorials
    • 688 12 MAY 18. 1991 YET again, American efforts to bring Israelis and Arabs together for a Middle East peace conference have run into problems. That the two camps should continue to have differences is not surprising, for they are separated by decades of distrust that prevent
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    • 653 12 MAY Ib. 1991 FEW will disagree with the notion that a country's education system should be subjected to overall national needs. Even if education were not subsidised, which it generally is. national development demands that human resources be deployed in the best way possible. which is what manpower
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    • 654 12 MAY 14, 1991 A MANPOWER survey by the Institute of Banking and Finance and data from the National Productivity Board suggest that financial and business services suit Singapore to a T. Although the sector today accounts for one third of the economy, having replaced
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    • 908 12  -  Viewpoint By Han Fook Kwang THERE has been much discussion lately about what the next 25 years or so hold for Singapore. The consensus, going by what I read in the newspapers. seems to be that the future will not
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  • COMMENT
    • 3217 13 Order, disorder and SE-Asia response a long-term view Speech by BG (Res) George Yeo, Acting Minister for Information and the Arts and Senior Minister of State for Foreign Affairs at the International Herald Tribune Conference, “Oil and money: Asia and the Pacific" on Monday. THE Gulf war was a great
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    • 955 14  -  By Bob Ng THE first thing to bo said about the current public debate over rules in Singapore is that most people agree there are many of them. This should surprise nobody. They appear to be everywhere and affect everybody
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    • 932 14 M Representative government is perhaps the best way for a society to forge a new consensus between the people and a new generation of leaders. Of course, says Warren Fernandez of The Straits Times Political Desk, this should not imply a blind
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  • MONEY
    • 685 15  -  BG Lee’s visit to China Reports by Sunny Goh XIAMEN The Chinese leadership has the political will to open the country and push for more marketoriented reforms. Deputy Prime Minister Hsien Ixjong said on Tuesday. But there are major challenges
      Picture hy WONG KWAI CHOW.  -  685 words
    • 271 15 XIAMEN Opposition MP Chiam See Tong said the exposure to China from the two-week visit would help him to contribute more effectively to Parliamentary debates on issues affecting the country and Chinese culture. Noting that the visit gave Singaporeans a chance to understand
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    • 656 15 XIAMEN China has made much economic progress over the years, but if it wants to attract more Singapore investors, business rules and regulations must not be vague or changed constantly. This is how Mr Koh Boon Hwee, the executive chairman
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    • 5490 16 TRANSACTION DATE: MAY 17. 1991 Gr's T#l Last Vol Day Last Quote Dlv Net High Low Cod* Company Sale Of 000 High Low Buyer Seller INDUSTRIAL COMMERCIAL 285 162 '000 Acma 210 cd 5 46 211 207 209 210 10 ON 14 0 255 200 1142 Alex
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    • 496 17 The weekly share market report THE local bourse continued to be sluggish in the absence of fresh factors from major overseas markets. Trading picked up on Friday, but volume was still relatively thin. The highlight of the week was the rumour of a lawsuit
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    • 162 17 ST Industrials Index The Straits Timet Industrials Met dropped 18.57 points on the week to 1513.75. DAY CLOSE TURNOVER Monday 1517 39 (-14 93) 27 89m ($65 56m) Tuesday 1525 15 7 76) 34.15m ($88 15m) Wednesday *****0 (-11 75) 3198m ($83 60m) Thursday 1503 06 10
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    • 612 17 Friday May 17 HKt Amov Properties 490 *0 125 Allied Overseas 0 8? unch Ana Sec Int i 2 10 unch Ana Sec Wa- 9’ 0026 *0.006 Allied TW 084 Bond Corp tnt'i 100 ♦007 Bond Corp War 91 0 12 ♦00' Bank of EA 16 2C -0 10
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    • 615 18 Magazine’s first-ever poll finds Republic ‘most bull-headed regulator in Asia’ SINGAPORE’S securities regulators scored top marks, beating their counterparts in seven other countries, for overall ability and effectiveness in regulatipn of the market. The Republic received this rating in the first-ever poll
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    • 707 18 AUDITED RESULTS Cmpiny Oat* Yaar Gratia Nat Nat earning» Gross ana ta profit/late (l) par share dividend 000) icantt) •6 Spo>e Bus May 7 Dec 90 $49 911 <$49,932) 805(805) 10(10) Uff May 7 Oec 90 *1,017(12.6731 1.1(28) 2(4) CM8 aixagirg May 6 Dec 90 J13.512tSn.616n) 26 0(29
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    • 161 18 COUNTER RATES Singapore dollars to one unit ot foreign currency Puvmg 00 Celling US dollar 1.7480 1/730 Sterling pouno 3 0379 3.1116 Australian dollar 1 346/ 1 3971 Canadian dollar 1.5111 1 5485 NZ dollar 1.0212 1 0567 Singapore dollars to 100 units of foreign currency Austrian schilling
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    • 111 18 Contract data: 17/5/91 CURRENCY 1 MTH 3 MTH 6 MTH 9 MTH 12 MTH CALL VALUE OATE oSJ 5 534 534 5 ‘/4 5 '4 4 *4 21/5/91 AJ 93» 03/, 9'/, 9‘4 9'4 8‘/4 21/5/91 NZS 8% 834 33/i 8H 834 7 7 4 21/5/91 STG
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    • 321 18 DESPITE the hefty $1.2million price tag for a small two-bedroom apartment of about 1,200 sq ft, investors have apparently booked up all 12 such units at Nassim Park, a luxury condominium being built at Nassim Road. Thus is just three
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    • 419 18 FOREIGN financial institutions which seek access to regional domestic markets, including Singapore's, must be willing to observe the same prudent financial regulations that their local counterparts face, said Dr Richard Hu. At the same time, the Finance Minister said,
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    • 324 18 Manager's orices for May 18 20 Singapore Unit Trust In* Commerce 1.25-133 he Savings fund 1 05—i 12 Spore Prog fund 0 49—0 52 S' pore Sec tund 0 85-0 91 "pore invesi fund 0 91—0 97 S'pore Equity fund Asia Unit Trust 0.60-0 64 Mai invest fund
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    • 611 19  -  This works out to 200,000 people but brokers say there are only 10,000 active players By Caroline Chan ABOUT one person out of every 13 in Singapore has bought or sold shares at one time or another, according to some
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    • 1423 19 Currant Ex Books Date Total for Total for payment date dose payable the year last year Acma 5%TE Jun 5 Jun 17 Jul 1 10%TE Amal Steer 10%(S) Mav 16 May 31 Jun 7 10% 126% Avene 5%TE Feb 25 Mar 7 May 15 12.5%Tt 25%TE Baustead «(1)
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    • 128 19 Company Rights Issue DBS One-for-ten <$, $9.60 (local) or $10.50 (foreign) per share. Ex-date May 23 BooKs close: lun 5 Acceptance Payment NYA Duriop Est Restricted issue of $88 514m nominal value of 10% Convertible Redeemable Unsecured Loan Stock (CULS) 1991/19% issued on the basis of $1 nomma'
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    • 489 19 Company Rights Issue Alcoro One-for-two MS! 00 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MSO 10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR tor every 4 CRPS Bolt or One-for-four fa MJ2 00
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    • 495 20 Lawyers for K&S to ask Singapore court for an urgent hearing date THE meeting in Hongkong between Kajima Overseas Asia (KOA) and K&S International Inc last Friday (ailed to resolve their dispute over the Ms3-billion <S$l 90-billion) Desaru resort project. Announcing
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    • 219 20 A SINGAPORE group of 17 companies will head for Bahrain in November to take part in the top-draw "Reßuild Kuwait 91” event, touted as the first-ever trade exhibition on Kuwait’s reconstruction programme. The exhibition a spin-off from the estimated US$5O
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    • 446 20 SINGAPORE’S productivity grew by an average of 4.6 per cent a year during the decade of the 1980 s, the National Productivity Council (NPC) announced. And although this growth figure compares favourably with those of other countries,
      Source: National ProducWty Council  -  446 words





  • Page 20 Advertisements
    • 163 20 WEEKLY e oV ■eV.** *2 tiP o' «P m m The Straits Times Weekly Overseas Edition. A crisp summary of happenings in Singapore. Politics, the economy, investment opportunities appointments... And snippets on Malaysia and Asean. A convenient tabloid delivered to you every week, whereever you may be. Subscribe now. And
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  • Page 21 Advertisements
    • 785 21 ARE YOU IN TOUCH WITH THE FUTURE? We are. And you’d have to be too, if you wish to be part of a dynamic and innovative organisation where communication barriers are broken everyday in our efforts to keep Singapore ahead in the Information Age. The National Computer Board spearheads a
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    • 772 22 i S'S: 1 mm I he Straits Times Weekly Overseas Edition INTM W-SSKgSS-S-WiSS* S55S:: [B| National ijflsgj University of Singapore m, Nanyang Technological University (to be established on 1 July 1991) Lee Kuan Yew Postdoctoral Fellowship A prestigious research fellowship known as the Lee Kuan Yew Postdoctoral Fellowship was recently
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  • FORUM
    • 392 23 S’poreans abroad can be an asset if the laws allow Prof Tommy Koh’s talk on ‘ls Singapore over-regulated?’ We need to develop largeness of heart and mind I REFER to the reply from Mr Seah Thian Pau (“Citizenship loss not automatic” commenting on my criticism of the iaw which prescribes
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    • 367 23 THE National University of Singapore’s reply (cols 6 *7) to Prof Tommy Koh's statement (ST Weekly Overseas Edition, May 11) does not address the point raised Prof Koh had said tßat applicants to the university, in particular to the medical faculty, were
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    • 74 23 REFER to the reply “Citizenship loss not automatic" (cols 6 7). If those citizens who have no skills or family roots and who have absented themselves from Singapore for a long periods of time could not have contributed to our economic development. how
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    • 207 23 I REFER to Miss Ng Suan Eng's comment (cols 6 7). I accept that there are valid reasons for spreading talent and therefore the need to limit the number of high-fly-ers entering the Medical Faculty. However. I doubt there is any university that can
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    • 486 23 Replies I REFER to your report. "S'poreans enjoy benefits of stifling rules: Prof Koh" (Straits Times Weekly Overseas Edition. May 11 j In it. Professor Tommy Koh criticised the amendment to the Constitution which came into force in 1986 where citizens who have continuously lived abroad
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    • 233 23 I REFER to the report “Don’t bar high-flyers from medical faculty" (Straits Times Weekly Overseas Edition. May, 11). In the report, Professor Tommy Koh was quoted as saying that applicants to the university were deprived of “the right to choose for
      233 words
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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 numoers. They should preferably be typed, doubled-spaced, on one side of the paper, Brevity is an advantage. We do not accept tor publication letters copied to us
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  • 561 24  -  BG Lee holds dialogue with Singaporeans in HK By Sunny Goh HONGKONG Should Singapore live with high pressures to maintain its economic growth, or should it relax and risk losing its competitive edge"' And what should he the
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  • 269 24 HONGKONG The Singapore Government is studying whether to allow Singaporeans to hold dual citizenship, but the decision is not an easy one to reach. Deputy Prime Minister Lee Hsien Loong said on Thursday. Speaking to 250 Singaporeans here during a dialogue session with the Singapore
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  • 268 24 PRESIDENT Wee Kim Wee called them the “guys next door”. And members of the English Division One soccer clubs, Arsenal and Liverpool, could not have felt more at home as the President gave them a warm tea reception at the Istana on Thursday. After the
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  • 572 24  -  Greetings by S’poreans overseas among new ideas for event By Cephah Tan SINGAPOREANS abroad can send greetings to and have video conferences with loved ones and the Prime Minister partying at this year’s Swing Singapore. Another new feature of this year’s Orchard Road
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