The Business Times, 18 August 1977
1977-08-18
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The Business Times
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Title Section10 1977-08-18 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, AUGUST 18, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article66 1977-08-18 1 UPI MANILA, Wed. Japanese Prime Minister Takeo Fukuda today outlined a new policy, billed as the "Fukuda Doctrine," advocating world trade liberalisation and disclaiming that Japan aspires to becoming a military power. The Japanese leader disclosed his new policy In talks lasting \V» hours with President Marcos severalUPI - 66 words
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Article72 1977-08-18 1 AP NEW YORK, Wed. The Port Authority of New York and New Jersey was ordered today by a federal judge to allow the supersonic Concorde jet to land at Kennedy Airport under noise rules now in effect for all other Jets. Pollack said the Port Authority's 17-month delayAP - 72 words
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Article24 1977-08-18 1 WOLFSBURG (West Germany), Wed. The Volkswagen Company announced it will halt production in Germany next year of Its 'Beetle' sedan.24 words
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Article73 1977-08-18 1 UPI SEOUL, Wed. The South Korean government is pushing for enactment of a law setting up funds to finance the supply of capital goods or services to less developed countries on a longterm, low-interest basis. The newspaper, Korea Herald, quoted government sources as saying the government plansUPI - 73 words
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Article58 1977-08-18 1 AP CANBERRA, Wed. Australia's Treasurer Phillip Lynch today barred for 90 days the attempt by Conzinc Rio Tinto of Australia (CRA) to take over the New South Wales mining company, Coal and Allied Industries Ltd. Mr. Lynch did this on the grounds that CRA is controlled byAP - 58 words
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Article63 1977-08-18 1 Reuter LONDON. Wed. Oxfam, the famine relief agency, alleged that half of the food aid sent to drought-stricken northern Ghana was not being properly distributed. The overseas director of Oxfam said that much of the food was going to "government people, people who have some influence andReuter - 63 words
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Article67 1977-08-18 1 UPI NEW YORK, Wed. Stocks were lower early today amid Investor concerns about rising Interest rates. The Dow Jones Industrial average, which fell 4.85 points yesterday to a 19-month low, was off 2.42 points to 866.86 shortly before the first hour of trading. Declines outnumbered advances, 474 toUPI - 67 words
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Chief Price Changes
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Article, Illustration185 1977-08-18 1 AN IRREGULAR pattern of trading prevailed again on the Stock Exchange of Singapore yesterday. The market opened on a very quiet note with a steady undertone but softened in the afternoon under scattered bouts of profit-taking and stale bull liquidation. At the close, the Business Times index185 words
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Article121 1977-08-18 1 Rises Most active Sng Resins 1.17 .22 M. Weaving 630,000 Tasek 2 28 +.18 Pac Dev 178,000 Dutch Baby 1.39 .13 Olympla 163,000 M Weaving 1.36 .12 M. Credit 154,000 Sim Llm 1.06 .10W NOTE: Due to a power failure T'ganu Dev 1.25 .10 at the KLSE,121 words
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1191 1977-08-18 1 JOHN TAN - BRAVE EMPLOYMENT ESTIMATE BY JOHN TAN SINGAPORE should not experience any unemployment at all for the next 10 years since the economy Is expected to grow six to eight per cent annually, which will be enough to provide Jobs for all new1,191 words
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235 1977-08-18 1 SINGAPORE'S garment and textile Industry face acute problems of labour shortage and labour turnover, according to the latest issue of Minlmax, a National Productivity Board publication. It said: "The labour mobility problem Is due mainly to the substantially lower basic salaries during the one to235 words
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820 1977-08-18 1 INDUSTRIALISTS, educationalists, professionals and foreign investors alike have greeted the publication of a Joint study on employment prospects in Singapore in the years 1977 to 1986 with a great deal of curiosity. Most would like to know the basis on which the conclusions reached by820 words
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309 1977-08-18 1 Reuter CANBERRA, Wed. Prime Minister Malcolm Fraser warned here today that imports from Asia were unlikely to grow as fast in the near future as they had done over the past five years. Mr. Fraser said imports from Asean were unlikelyReuter - 309 words
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480 1977-08-18 1 MALAYAN Credit yesterday revealed how practically everything it touched in the last year had turned sour. In a letter to the Stock Exchange of Singapore, It detailed the sharp and sudden downturns which each and every of its major subsidiaries took in480 words
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132 1977-08-18 1 A JAPANESE mission Is due In Singapore In October to work out the details of the proposed Singapore-Ja-panese Training Centre which is expected to take In Its first batch of students late next year. The mission will study the cost of the machinery132 words
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Page 1 Advertisements
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Advertisement46 1977-08-18 1 Colour TV is simply great SEE BACK PAGE ■JUmm i Overseas News/TV Overseas Stocks —P7 Radio —P2 Commodities —PS Overseas News/ Transport ft Crosswords —P3 Communications —Pt Local Co News —P4 Features —RIO International Co News—PS L oo l Overseas Local Stocks —P6 News Pil, 1246 words
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Advertisement130 1977-08-18 1 We're great LISTENERS.. ...so, talk to us. Because we stay tuned to what goes on in the world of finance, we can give clear, sound advice. We are constantly developing new and imaginative plans to meet the financial needs of both small and big businesses. As a specialised financial institution,130 words
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Advertisement71 1977-08-18 1 BANK VAULT SAFE DEPOSTT Singapore to Ihipei via Hong Kong Flight hostess Helen Chiu. Daily flight departs at 10.45 am arrives Hong Kong at 2.50 pm and continues on to Taipei arriving at 5.25 pm. For reservations call your travel agent,or Oathay Pacific Hong Kongt discovery airline at *****1. CATHAY71 words
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OVERSEAS
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494 1977-08-18 2 OFNS GENEVA, Wed. Nuclear energy represents a smaller safety risk than many alternatives accepted in modern societies, according to an International Economic Energy Agency report submitted to the United Nations Economic and Social Council here. The report concludes that nuclear energy is aOFNS - 494 words
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339 1977-08-18 2 Washington Star WASHINGTON, Wed. One of the nation's largest commercial laboratories which tests the safety of new medicines and pesticides, already in trouble with the Food and Drug Administration (FDA), has had its competence questioned by the Environmental Protection Agency (EPA). The EPAWashington Star - 339 words
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Article60 1977-08-18 2 Reuter LONDON, Wed. For the past year the British Government has offered cash grants to companies to enable ordinary workers to accompany export salesmen on foreign trips. Today It announced the response nil. "It Is very surprising. The best we have had Is a single enquiry and thatReuter - 60 words
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139 1977-08-18 2 Reuter WASHINGTON, Wed. A Cabinet-level committee met yesterday to consider whether the United States should ceaflrm or cancel its decision to lesve the Internntionnl Labour Organisation (ILO) in November. The United States gnve two years' notice in 1975 thnt it intended to terminnte itsReuter - 139 words
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Article104 1977-08-18 2 AP BASLE, Wed. Two leading Swiss drug companies said yesterday they are changing formulations of widely-used painkillers to eliminate Amlnophenazone, an analgetic linked by recent tests to a cancercausing agent. Sandoz of Basle said the changeover Involves optalldon, one of Its top money makers, and Tonopan,AP - 104 words
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599 1977-08-18 2 Reuter LONDON, Wed. Forecasts of larger soyabean crops this year and lower soyameal prices may lead to a resurgence In soyabean meal consumption in Western Europe In 1977/78, Hamburg-based Oil World weekly said. Harvest conditions are favourable for orderly operation of the expected largeReuter - 599 words
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Article144 1977-08-18 2 Reuter WASHINGTON, Wed. The US army has spent more than US$5O million (***** million) over the past 25 years In trying to sterilise rood by Irradiation and has succeeded only in making it inedible, a Congressman said yesterday. Mr. Thomas Downey of New York saidReuter - 144 words
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Article52 1977-08-18 2 Reuter LONDON. Wed. The Financial Times newspaper did not appear today for the 11th day running, a management spokesman said. The business daily has been closed by a dispute which followed a decision by the management to stop 57 compositors taking night off when they were beingReuter - 52 words
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492 1977-08-18 2 NYT WASHINGTON, Wed. Ranking officials of the Securities and Exchange Commission's enforcement staff are personally directing an intensive effort to salvage what regulatory sources close to the Investigation describe as an lnadeSuate report on New York Ity's financial crisis. BecauseNYT - 492 words
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712 1977-08-18 2 NYT NEW YORK, Wed. The accounting Industry, which has been squirming In the glare of some hostile attention from Congress recently, Is quietly taking some steps to police itself. But there are Indication that the proposals, which call for such things as periodic peer reviewsNYT - 712 words
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Article110 1977-08-18 2 Reuter GENEVA, Wed. Government experts from some 50 countries began a four-day meeting to prepare feasibility studies or the costs, benefits and financial Implications of possible schemes to stabilise the world copper market. The aim of the studies, expected to last several months, Is to ascertainReuter - 110 words
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338 1977-08-18 3 UPI WASHINGTON, Wed. The oil* Industry criticised the energy bill yesterday, saying its new taxes and other provisions would boost the price of petrol to US$l (552.44) per four litres and do the nation "more harm than good." Charies Dlbona, executive viceUPI - 338 words
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483 1977-08-18 3 AP LOUISVILLE. (Kentucky) Wed. United States' coal production this year will fall 33 million tonnes short of foreign and domestic demand because of a twomonth wildcat strike by miners in the Appalachian Mountain region, Industry officials said yesterday. The difference can beAP - 483 words
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134 1977-08-18 3 Reuter NEW YORK, Wed. Manufacturers Hanover Corp said in a report to shareholders that despite continued lag In bank loan demand and expanded usage of commercial paper, It sees no structural change in demand for bank borrowing by large corporations. The bank saidReuter - 134 words
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Article295 1977-08-18 3 Reuter WASHINGTON, Wed. The growth rate for US real gross national product In the current quarter will be significantly below the second quarter unless consumer or government spending Increases, the Commerce Department said In Its monthly survey of current business. The department specified no figure.Reuter - 295 words
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Article94 1977-08-18 3 Reuter WASHINGTON, Wed. The International Monetary Fund said gold to be sold at its Sept 7 auction will be delivered In New York. This is a return to its usual prodecure after delivering gold sold at the last auction in London. As announced previously, the IMFReuter - 94 words
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Article30 1977-08-18 3 ZURICH, Wed. Switzerland's foreign exchange reserves fell by 815 million francs (*****.5 million) to 12.07 billion francs in the week to Aug 15, the Swiss National Bank said.30 words
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232 1977-08-18 3 Reuter OSLO. Wed. Norway faces a policy of restraint In the country's next budget scheduled for around Oct 10, Finance Minister Per Kleppe said. He denied In a statement to the Norwegian news agency press reports that the present standard of living will beReuter - 232 words
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Article36 1977-08-18 3 Reuter WASHINGTON, Wed. The Treasury said It will pay down Its debt by (US$4 million (859.70 million) at Monday's weekly bill auction by selling 92.3 billion of three-month and $3.4 billion of six-month bills.Reuter - 36 words
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Article849 1977-08-18 3 AFTER five years of heady expansion that has seen the United Arab Emirates grow into the most overbanked country in the world (one bank or bank branch for every 2,000 inhabitants), progress has been checked. The immediate cause of the slowdown in banking development849 words
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290 1977-08-18 3 UPI FAIRBANKS (Alaska), Wed. An oil spill flooded an Alaska pipeline pumping station with as much as several hundred barrels of oil on Monday night, causing another shutdown of oil flow from Alaska's North Slope, pipeline officials said yesterday. Mr. John Ratterman, spokesmanUPI - 290 words
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Article30 1977-08-18 3 NEW YORK, Wed. The New York Mercantile Exchange said It asked the Commodity Futures Trading Commission for approval to trade new petroleum product futures contracts for US delivery.30 words
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546 1977-08-18 3 AP NYT WASHINGTON, Wed. The US Comptroller of the Currency has finished his report on Budget Director Bert Lance's finances and will send It to Congress for public release, probably tomorrow, government sources said yesterday. The 100-page report contains a summary andAP; NYT - 546 words
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354 1977-08-18 3 AP Reuter RIO DE JANEIRO, Wed. Brazil registered a US$llO.3 million (***** million) trade surplus In July, reversing a deficit from a year ago despite a strong decline in coffee exports, the government announced yesterday. The government said the total budget surplus for theAP; Reuter - 354 words
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233 1977-08-18 3 Reuter BONN, Wed. Armln Gruenewald. deputy spokesman of the West German government, warned against speculation about the possible content of economic measures to be decided by the Cabinet at the end of this month. His statement followed local press reports that the Cabinet could wellReuter - 233 words
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Article103 1977-08-18 3 Reuter JERUSALEM, Wed. The Israeli pound was devalued last night by nearly two per cent against the US dollar. It was the second devaluation this month. The Finance Ministry said the Israeli currency would be devalued from 10.17 to the dollar to 10.37, a devaluation ofReuter - 103 words
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Page 2 Advertisements
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Advertisement155 1977-08-18 2 pppli mrnmrn ME UK PROFESSIONALS 001 OF COMTROL Tinker, tailor, soldier, sailor, rich man Doctors, architects, engineers and professors too NEW DIRECTIONS puts them all under the microscope. WOULD YOU KNOW A SHIN FROM A TZU NEW DIRECTIONS takes an illuminating look at the intricacies of translating Chinese poetry and155 words
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Page 2 Miscellaneous
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Miscellaneous52 1977-08-18 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 p.m. on Aug 17 at Singapore airport. Maximum Temperature 30.7 °C Associated Humidity 67 Minimum Temperature 23.1° C Associated Humidity 96 Hours of Sunshine 10.35 Rainfall in Millimetres 3 Total Rainfall for the Month 112.6 Total Rainy Days for the52 words
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Miscellaneous245 1977-08-18 2 RADIO SINGAPORE 5 3.00 PM Opening Announcements followed by the Beverly Hillbillies (r) 3.30 Diary of Events (Chinese) 3.35 Eight Heroes of Shou Lin (r) 4.25 Intermission 6.00 Opening Announcement followed by Lassie 6.30 News in Brief 6.35 Warna-Warni (Malay) (r) 7.00 The Good Life 7.30 News (Malay) 7.45 PM's245 words
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Page 3 Advertisements
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Advertisement197 1977-08-18 3 BANKING AND FINANCE CALCULATORS AND They're synonyms With SHARP, calculations are simply matters of putting figures right, quickly which they're pretty good at because SHARP CALCULATORS are specialists in figures be it simplified, complicated or scientific. Q E D (Quite Easily Done) with SHARP SHARP CS-1153 10 digits printer display.197 words
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Page 3 Miscellaneous
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Miscellaneous646 1977-08-18 3 TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 3 They had Liberal Ideas (5) 8 Watery medicine? (5) 10 Cross a fellow out of the race (5) 11 He has some cronies (3) 12 Appeal for soft metal (5) 13 Floral part of an animal (7) IS Old knight's vtewlng-ald (5) 18 The646 words
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COMPANY NEWS
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476 1977-08-18 4 APOLLO ENTERPRISES has served another pleasant surprise to Its shareholders In its second year as a publicly listed company. It reported on Tuesday that pre-tax profit Jumped about 258 per cent to Si.7 million for the first six months ended June 30, 1977. This476 words
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Article282 1977-08-18 4 Current Ex Date Total for ToUl for payment Date payable the year previous year Singapore Glass 10% July 29 Aug 19 10% 5% George Kent 12% July 21 Aug 26 12% 10% Malaysian Tobacco 15%I July 28 Aug 29 15%I 50% island Hen. 8% Aug 11 Aug 30282 words
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183 1977-08-18 4 WITH its labour problems finally resolved. Allied Malayan Development was able to make a modest trading profit of M 527,599 for the six months ended June 30 1977, compared with a loss of $243,790 In the same period of 1976. This was its183 words
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COMPANY MEETINGS
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Article25 1977-08-18 4 THE following company meetings are due: Aug 22, 12 noon, at the Registered Office, No. 45 Spottlswoode Park Road, Singapore 2.25 words
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Article18 1977-08-18 4 Aug 24, 12 noon at the Registered Office, 45/47 Ramayana Building, Robinson Road. SlneaDore 1.18 words
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Article15 1977-08-18 4 Aug 25, 12 noon Bangunan MIDF, 117, Jalan Ampang, Kuala Lumpur.15 words
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17 1977-08-18 4 Aug 29, 10.30 a.m at 9th Floor, Wlsma Central, Jalan Ampang, Kuala Lumpur.17 words
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Article14 1977-08-18 4 Aug 30, 11 a.m. at No. 93-B, Jalan Ipoh, Kuala Lumpur.14 words
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Article18 1977-08-18 4 Sept. 17 at 15th Floor, Rooms 1511/1512, Shing Kwan House, 4 Shenton Way. Singapore 1.18 words
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Article11 1977-08-18 4 Sept. 19 at the Registered Office, Batu Tiga. Selangor11 words
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350 1977-08-18 4 IN LINE with Its bullish forecast of the hotel Industry, King's Hotel reported that pre-tax profit more than doubled In the first half-year ended June 30, 1977. Pre-tax profit for the period soared 100.15 per cent to $479,019 on a sales increase350 words
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221 1977-08-18 4 FALLING tin production at Idrls Hydraulic and Tanjong Tin Dredging In the first half of this year has softened the Impact on profit of the recent massive rise In tin prices. Even so, Idrls has announced a 22.5 per cent rise in221 words
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372 1977-08-18 4 KUALA LUMPUR, Wed. The Malaysian Deputy Minister of Primary Industries, Mr. Lew Sip Hon has described as "premature" the suggestion that a senior minister should be appointed to monitor tne Implementation of the various measures necessary to stimulate the tin Industry. Mr. Lew was372 words
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Article72 1977-08-18 4 CATHAY Pacific has appointed Mr. Peter Low Seng Chuan Marketing Officer (cargo) for Its Singapore office with effect from Aug 15. Chemical Bank has announced that it will be placing Mr. Richard T. Richard- son m charge of the entire Asian business of the bank. Mr. Richardson72 words
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997 1977-08-18 4 NYT MONTE CARLO, Wed. The biggest bet ever made In Monte Carlo Is paying off. Ten years ago. the Prince Rainier Government took the future of this postage stamp nation Into Its hands by nationalizing the Soclete Des Bains De Mer, whichNYT - 997 words
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Article1258 1977-08-18 4 On Aug 16 TRADING on the Chicago Board Options Exchange came to 92,458 contracts on Tuesday compared with 78,752 contracts on Monday. OPTION OCT JAN APL STOCK Alcoa 4S 13/4 3/4 UNTRD 47 1/8 Alcoa SO 11/8 2 23/4 411/8 Alcoa 90 UNTRD 1/4 1/2 411/8 Am1,258 words
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197 1977-08-18 4 Reuter TOKYO, Wed Consolidated net profit at Pioneer Electronic fell to U5512.57 million In the third quarter ended June 30, 1977 from $13.03 million In the 1976 quarter. Sales, however, rose to $187.35 million from $164.95 million. Earnings per American depositary share (representing twoReuter - 197 words
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Page 4 Advertisements
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Advertisement98 1977-08-18 4 Have you got your copy of the 197b/77 BUKU MERAH? !h r 6 r> o It's the 1976/77 "Red Book office/library reference book covering the business scene in Singapore. It is complete. Built up over 80 years and updated each year. This book contains all the vital information for business.98 words
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INTERNATIONAL COMPANY NEWS
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589 1977-08-18 5 EUROPEAN COMPANIES Reuter AMSTERDAM, Wed. Akzo NV said It will seriously consider paying a 1977 dividend if prospects for 1978 are better, even though the profit expected for this year Indicate the dividend would not be covered. However, no firm statement can be madeReuter - 589 words
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337 1977-08-18 5 Reuter AMSTERDAM, Wed. NV Philips Gloielampenfabrieken said net profit in the second quarter of this year rose eight per cent to 138 million guilders from 128 million guilders previously. Sales increased marginally to 7.28 billion guilders from 7.16 billion guilders. With the slight advanceReuter - 337 words
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99 1977-08-18 5 Reuter LONDON. Wed. Bank Hapoalim BM said it Intends to issue US$3O million of floating rate notes due 1982 in the International capital market through its subsidiary Hapoalim International NV. The notes will bear Interest at per cent per annum above London Interbank OfferedReuter - 99 words
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576 1977-08-18 5 LONDON. Wed. Leading off the 1977 half-year reports of the major UK composite insurers. Commercial Union has produced the expected large recovery of earnings and reduction or stabilisation of underwriting losses virtually everywhere In Europe. Intense reappraisal of exposures In the vital US market, which576 words
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Article257 1977-08-18 5 ASIAN COMPANIES AP MELBOURNE. Wed. Esso Australia has Joined the rush to invest in Australian coal resources with the purchase of a 25 per cent interest in the Hail Creek coking project in Queensland for AS24 million. Shares in the Australian mining company, Australian AssociatedAP - 257 words
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Article115 1977-08-18 5 Reuter CANBERRA, Wed. Minister for National Resources, Doug Anthony said the federal government will give assistance to Mount Lyell Mining and Railway on a dollar-for-dollar basis. Federal aid is subject to a similar contribution from the Tasmanian government which has been agreed to byReuter - 115 words
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Article73 1977-08-18 5 Reuter HONGKONG, Wed. Thailand is seeking a US$l2O million loan and has circulated banks asking for bids for terms, banking sources said. They said no bank has yet been awarded the managership of the loan, which will probably be a syndicated commercial bank borrowing. In March,Reuter - 73 words
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Article72 1977-08-18 5 UPI TOKYO, Wed. A Japanese trading firm has received a US$3 million order for seawater recirculating pumps from the Malaysian National Power Company, industry sources said. The sources said Kanematsu-Oosho, a leading trading firm here, won the order for six pumps by outbidding Australia,UPI - 72 words
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Article28 1977-08-18 5 MANILA. Wed. Philex Mining said it made a net profit of 51.3 million pesos in the first half of this year compared with 51.1 million pesos previously.28 words
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250 1977-08-18 5 Reuter LONDON, Wed. Pre-tax profit at Royal Insurance Jumped by about 90 per cent to £65.6 million in the first half-year ended June 30, 1977 from £34.5 million previously. This constitutes earnings per share of 27.2p against 14.6p last time. The company said general InsuranceReuter - 250 words
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Article67 1977-08-18 5 Reuter LONDON, Wed. Lucas Industries said its CAV subsidiary plans to build a US$3 million factory at Greenwell, South Carolina. to produce dlesel rotary pumps. Factory construction will start shortly and production of the pumps will start within a year using components for CAV's medway plantReuter - 67 words
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239 1977-08-18 5 Reuter LONDON, Wed. H.J. Heinz, a subsidiary of H.J. Heinz of Pittsburgh, US reported that it made a pretax profit of £17.27 million on sales of £213 million for the year ended April 23,1977 up from a profit of £15.48 million and sales of £190Reuter - 239 words
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182 1977-08-18 5 Reuter LONDON. Wed. Chevron Petroleum (UK) said the central platform for the Nlnlan North Sea oil field will not be installed this year. Tow-out should take place In the first spell of good weather next year, possibly as early as April, and thereReuter - 182 words
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Article175 1977-08-18 5 SEOUL, Wed. South Korea's medium and small businesses are suffering from a shortage of working capital, the Korean Herald reported. The Herald said statistics available at the Bank of Korea showed that the ratio of loans extended by city banks to small companies during the175 words
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140 1977-08-18 5 Reuter MANILA, Wed. Lepanto Consolidated Mining said It produced 9,496 tonnes of copper in the first six months of 1977 worth 68.59 million pesos, down some 18.5 per cent in value from 84.17 million pesos In the same 1976 period. It produced 5,139Reuter - 140 words
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85 1977-08-18 5 Reuter MANILA, Wed. Philippine Oil and Oeothermal Energy Inc (Pogei) said It Is undertaking an Intensive seismic survey in Its Vlsayan Sea (central Philippines) service contract. Field shooting of offshore seismic lines round the islands of Bantayan and Oulntacan had just been completed andReuter - 85 words
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Article28 1977-08-18 5 TOKYO. Wed. Renown Inc. made an after-tax profit of 1.41 billion yen on sales of 71.08 billion yen in the first half-year ended June 30, 1977.28 words
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Article671 1977-08-18 5 NORTH AMERICAN COMPANIES NYT WHAT will United Technologies do now that J. Ray McDermott's plan to offer US$55 a share for an additional 35 per cent of the shares of Babcock and Wilcox has Babcock's approval? The question has had Wall Street agog ever sinceNYT - 671 words
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Article109 1977-08-18 5 Reuter STANDARD OIL of California, In a statement In response to a suit filed against it and nine other oil firms by the State of Washington, said it categorically denied charges of anti trust violations. Socal said the charges had been thoroughly Investigated by numerousReuter - 109 words
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Article49 1977-08-18 5 TOTAL deposits of the 300 largest US savings and loan associations rose 18.3 per cent to a record U*****.4 billion at June 30 from $148.3 billion a year earlier, the American Banker newspaper said. This is the largest midyear to mid-year gain since June, 1972, it said.49 words
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554 1977-08-18 5 NYT RECENT attempts by Citibank of New York to acquire new Visa charge-card customers in this Rocky Mountain state have raised eyebrows of local bankers and sent attorneys scurrying for the law books. The flap began last week, when Citibank sent anNYT - 554 words
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Page 5 Advertisements
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Advertisement34 1977-08-18 5 Peter Benchley 'Better than JAWS, ever escalating shocks' -TIME 'Cracking entertainment' -DAILY TELEdRAPH 5 s <• V, Tor the second time -the book you can't put down -DAILY MAIL READ THE BOOK SEE THE FILM34 words
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Article2379 1977-08-18 6 1977 High Low Compaay Laat Sale +«rGr't div Div e'w Gr'a y'U N«t P/E Vol Day Hick Low SECTION ONE INDUSTRIALS 154 204 96 230 88* 198* 169 223 404 171 136 172 58 212 57* 155 152 182 350 145 Acma Alcom Allied Choc Bata Ben2,379 words
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Article1541 1977-08-18 6 BID and offer price* officially listed and butmesa in and reported to the Stock Exchanf* of Singapore J*et*rday with the number of ahar** traded shown In bracket* in lou of 1000 unit* unlet* otherwise specified All Time Settlement Contract* are quoted after the word Sett Btc Board1,541 words
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Article1550 1977-08-18 6 810 and offer price* officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots of 1.000 units unless otherwise specified INDUSTRIALS Ajinemeta (2 04B). Aleem (1.928). A.M.O. I0.I9B) (4) 0.60 A.IM. (0.78B)1,550 words
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Article85 1977-08-18 6 STRIKING print at tha itocfc optiom officially listed an the Stock Eachnufr of Singapore, the periods, bid and ottw price* and busineee done yeeterday. with the number of options traded shown in brackets. Inchcape (Sept $2.40) (0.225). (Dec 52.40) (0.268). (Mar S2 40) (0 30B). OUB (Sept $285 words
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Article144 1977-08-18 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Muifn' pries* for Aug It) (Comat rices) The Commerce INCOME BOND 1.07 1.13 1.72 1.82 The 8a vine Fund 1.00 1.06 MARA BUMIPUTRA FUND S pore Prog Fund 0.89 0.80 (Maaagars price) far Aim 18) S pore Security Fund 8'pore Invest Fund144 words
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Article158 1977-08-18 6 B O T 8 1/2% 1981 (100.000) (103 *B 103HS) B O T 7 5/8% 1984 (100.000) (998 99*S) L T C B J 1982 (100.000) (98SB 995) Credit Lyonnais Floating 1983 (100.000) (98>48 98^8) DBS Converts 6 1/2% 1991 (100.000) (988 98HS) D B S 8 1/2%158 words
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Article122 1977-08-18 6 Rep Spore D Mask 7% 1982 (100,000) (1018 101 *S) Rep Spore 6 1/2% 1983 (100,000) (99%8 100HS) Rep Spore 7 3/4% 1987 (100.000) (100*B 101S) 5 1/4% 15/7/78 (250,000) (101 40S) 4 3/4% 1/5/79 (250.000) (100.85B) 5 1/4% 15/10/79 (250,000) (101.88S) C 3/4% 1/12/80 (250,000) (105.00S) 5122 words
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Page 6 Advertisements
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Advertisement176 1977-08-18 6 Confront Singapore's decision makers in Business Times Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who For only $3.50 per single column centimetre176 words
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Article, Illustration686 1977-08-18 7 AN IRREGULAR pattern of trading prevailed again on the Btock Exchange of Singapore yesterday. Trading was concentrated in the second and thin! liners, while the good quality stocks were generally neglected,and the few deals recorded, passed at small losses. Observers note that the prevailing pattern of trading686 words
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Article308 1977-08-18 7 THE Kuala Lumpur stock market closed on a mixed note after trading Irregularly especially In the lower-priced stocks yesterday. It opened on a barely steady note but soon found profit-taking mixing with scattered speculative support among the second and third line industrials. Investment support was clearly lacking308 words
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INTERNATIONAL STOCK MARKETS
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Article342 1977-08-18 7 HONOKONO: The market closed fairly steady In dull trading, on continued European selling of blue chips, dealers said on Wednesday. The Hang Seng Index slipped 0.33 points to close at 416.68. Heagkoag Bank rose 10 cents to 917.70. Hieghiag Lsad five cents to $6.70, with Swire Pacific quoted at342 words
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Article498 1977-08-18 7 TOKYO: Share prices closed lower on profit taking following the recent sharp rise, dealers said on Wednesday. The Dow Jones lost 15.56 to close at 5,216.02 with volume 360 million shares. The New index closed at 383.86, up 0.15. Export-orientated electricals. motors and precision Instruments closed mixed on fears498 words
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Article429 1977-08-18 7 SYDNEY: The market closed mixed on Wednesday with energy stocks fluctuating after budget announcements of higher oil and petrol prices and a reduced coal levy, dealers said. The Bydney All -Ordinaries Index slipped 0.71 point to coee at 441.15. BHP firmed two cents to 95.80. below Its day's/high of429 words
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Article151 1977-08-18 7 MANILA: The market closed easier, with all Sectors declining and turnover reduced, dealers said on Wednesday. Turnover fell to 2.86 million pesos from Tuesday's 4.72 million. Philex lost one point while other mining Issues were steady. PLDT was down one point. Other commercials were unchanged. AUG 17 Pesos Acoje151 words
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Article102 1977-08-18 7 AUG 17 Bahu Asia Fibre 211 4-8 Bangkok Bank 388 +8 Bangkok Invest. 270 +8 Bangkok-Metro-politan Bank Bala 685 Berll Jucker 420 4-14 Charoong Thai Wire IBS •1 Dumex a Du*lt Thanl Faber Merlin First Trust 1M Indo-Thal Industrial Finance Corp 1286 J And J Ho 27S ♦2 Jalaprathan102 words
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Article296 1977-08-18 7 AMSTERDAM: The market closed generally lower on Tuesday with Dutch Internationals slightly mixed after a weak opening. Philips was 0.00 guilders lower after announcing lower than expected first half-year figures. Akso lost 0.90 guilders, while Hoogovens and Royal Dutch were slightly firmer. Elsewhere banks were mostly higher. Lower shares296 words
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Article149 1977-08-18 7 BRUSSELS: Share prices closed mixed In quiet trading, on Tuesday, after the long holiday weekend, bourse sources said. Sidro, Aaturienne, Vieilie Montague and Solvay rose but Cockerill, Clabecq, Electrobel and CBR fell. US and most UK stocks rose, Germans and Canadian were mixed and Dutch and French shares fell.149 words
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Article322 1977-08-18 7 FRANKFURT: Shares closed mixed In quiet trading, bourse sources said on Tuesday. In stores Karetadt and Kauftof fell 1.50 marks, while In engineerings Maa ordinary fell four marks but KHD roes 1.20 marks. In chemicals Baysr gained 1.50 marks and In utilities RWE eras up 1.60 marks. However. Maiswaaa322 words
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Article161 1977-08-18 7 MILAN: The market closed mixed in slack trading. Influenced by liquidation of the monthly account, dealers said on Tuesday. Gainers Included Ante, Flat, IFI prl. Gen Inunob., Italcementi. Pirelli E C and Snia viscoea. Elsewhere however Assicuraxioni General!, Centrale. Italsider, Montedison, both Olivetti*, and Pirelli SPA eased. Bastogi and161 words
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Article365 1977-08-18 7 PARIB: The market moved lower In thin trading on Tuesday. discouraged by an opinion pool published in "Le Matin" suggesting 54 per cent of French voters support the Union of the Left, dealers said. With record unemployment figures and a 1/8 point rise In call money as supplementary depressing365 words
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Article314 1977-08-18 7 ZURICH: The market firmed In generally active trading on Tuesday. Yield considerations made for a firmer trend In quality stocks following the declining trend of Interest rates on the bond market. Demand remained selective with foods, metals and engineerings actively higher Including Brown Boveri, Hero Conserven, Nestle bearer and314 words
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Article388 1977-08-18 7 JOHANNESBURG: Gold shares were easier on balance on the stock exchange on Tuesday, although some prices firmed towards the close on London and local Interest, dealers said. Gains of up to 20 cents were posted, though heavyweights generally showed losses of up to 50 cents and medium and lightweight388 words
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Article312 1977-08-18 7 TORONTO: The market closed broadly lower in moderate trading on Tuesday with the composite Index off more than five points and declines outpacing advances 206 to 150. Among companies reporting earnings, Northgate Exploration gained five cents to $4.90, Done Mines added 3/8 to 54-7/8, Campbell Red Lake dropped 3/4312 words
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Article1156 1977-08-18 7 NEW YORK: Signs of slower economic growth and continued fears of higher Interest rates blocked an early rally attempt, pushing prices broadly lower In moderate trading on the New York Stock Exchange on Tuesday. One of the economic signs was the government report on housing. While building starts1,156 words
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Article70 1977-08-18 7 FINANCIAL TIMES INDUSTRIALS Tuesday 490 4 Monday 476 4 Week Ago 481.8 DOW JONES AVERAGE INDUSTRIALS Tuesday 888 28 Monday 874 13 Week Ago 878 42 LONDON DOLLAR PREMIUM Tuesday 87* to 87*. Monday 88S to MVt H.K. HANG SENG Tuesday 419.01 Monday 418.27 Week Ago 425.82 SYDNEY INDUSTRIALS70 words
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Page 7 Advertisements
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Advertisement498 1977-08-18 7 BUSINESS TIMES Airline Directory Atroftot Soviet Airlines 110-112 Show Centre, Orchard Rood, (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marino House SKenton Way, Singapore (1) (Tel: *****88) Ground. Floor, ICB Building, Shenton Way Singapore 1 (Tel: *****11) 16th Floor, UIC Building, Shenton Way, Singapore 1 (Tel: 2205.277) Air New Zealand498 words
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COMMODITY REPORTS AND PRICES
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Article475 1977-08-18 8 ON the Singapore rubber marked yesterday, opening quotations were marked down 0.75 cents Initially following lower London advices but recovered later. Turnover was fair. Reports of fair overnight Soviet offtake for September One, Two and Three RSS from Malaysia coupled with covering and forward demand475 words
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Article327 1977-08-18 8 Prices in cents per kilo yesterday: Noon Close (per kilo) (per kilo) Buyers Sellers Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 192.25 193.2SN 192.25 193.2SN Int. 1 R S.S. September 195.00 195.50 195.00 195.50 Int. 1 R S.S. October 197.50 lge.oo 197.50 198.00 Int. 2 R.S.S. 192.50 193.50N327 words
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Article104 1977-08-18 8 NOON SSR and SMR prices yesterday R.A.S. acpunon (Currant Mth) (Forward Mtk) Buyers Sellers Buyers Sellers (cents P«k|) (cent ■m per k« SSR 20 (1 ton pallet) 192.50 194 50N 193.50 195.50N SSR 50 (1 ton pallet) 190 00 192.00N 191.00 193.00N MHELB SMR5CV (1 ton pallet)104 words
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Article30 1977-08-18 8 Rubber: August 17 Singapore: September 196.00 cents (up 0.75 cent) Malaysia: September 196.25 cents (up 1 cent) Tin: $1,676 (up $4) Official offering: 200 tonnee (down 12 tonnes)30 words
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Article497 1977-08-18 8 PRICEB were generally marked down on the Singapore produce market yesterday, bringing them more In line with overseas levels. In the absence of foreign buying interest, Singapore Importers, too, were reluctant to open new commitments though fairly cheap offers were held out by origins. Pepper continued to show497 words
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Article249 1977-08-18 8 LONDON, Wed. Terminal opened £0.85 to £0.50 per tonne down. Sales totalled 630 lots. Dealers said trade selling initially depressed values but scale-down buying and short-covering provided good resistance with basis October at £108 per tonne. The market was now awaiting developments from today's EEC raw and white sugar249 words
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Article69 1977-08-18 8 THE Malaysian Minister of Finance has fixed these rates for the period from Aug 18 until further notice: Rubber: 88 1/8 centa a pound Copra: $790 00 a ton Palm Kernel: $235 25 a ton The rates of duties payable are Rubber: 9 1/2 cents a pound total69 words
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Article70 1977-08-18 8 C.I.F. Rotterdam. U8 dollars per ton. LONDON: Malayila 5S ffa bulk: Taaadajr Piwlw Sept 448 pd 457*1r Sumatra 5* Aug 962.50 ilr 562.50 ilr Sept Oct 460 Dd 455/450 pdi 490 ite 465 ilr Nov 440 pd 455 air Dec 430 air 450 tlr Jan 490 air 45070 words
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Article285 1977-08-18 8 LONDON, Wed. Terminal coffee values rose £44 to £70 at the opening In trading estimated at 571 lew. November, which made up over half the volume sold, was as high as £2,560. The tone was officially "steady." Activity featured mixed. Traders attributed the market strength to yesterday's llmlt-up close285 words
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Article273 1977-08-18 8 THE Straits tin price In Penang yesterday was up Ms 4 to $1,676 per plcul on an official offering down 12 tonnes to 200 tonnes. The small rise followed Tuesday's steadier London Metal Exchange and buying Interest from Japan and UB, with local dealer covering, dealers said.273 words
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Article221 1977-08-18 8 LONDON, Wed. Terminal cocoa first traded £11 down from last night against New York basis near December at £2,370 but soon rallied to close the opening call £7 lower (July at £2,079) to £19.50 higher. Dealers said the recovery could be attributed to Jobber and outsider shortcovering, after yesterday's221 words
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Article298 1977-08-18 8 HONGKONG, Wed. The cotton futures market closed generally firmer following the overnight rise In New York, dealers said. July fell 0.17 US cents, while other months rose 0.01 to 0.30 cents. Total turnover fell to 19 lots from yesterday's 28. Open positions after yesterday's trading were 130 lots,298 words
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Article215 1977-08-18 8 BANGKOK, Wed. Indicative prices quoted here today were: (In US dollars per tonne. FOB Bangkok) WMIa Wco: 100 per cent Ist class 306. 100 per cent 2nd class 292.100 per cent 3rd class 288 5 per cent 277, 10 per cent 253. 15 per cent 250. 20 per cent215 words
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Article160 1977-08-18 8 CHICAGO, Wed. Soybean futures yesterday recovered from new seasonal lows reached early In the session and new crop months posted gains while August recovered most of Its early loss. August closed with a loss of IVt cents a bushel after dropping the 30-cent limit earlier. September was up 10160 words
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Article87 1977-08-18 8 CHICAGO, Wed. Wheat futures yesterday closed near the highs of the day's trading range, posting gains of 2V» to two cents a bushel. Prices declined around two cents In early trading to fractionally below the contract lows reached on Monday. Liquidation and speculative selling were prompted by the lower-than-expected87 words
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Article300 1977-08-18 8 LONDON. Wed. Copper wire bars gained fully £5 for cash and £8 for Three Months. Dealers said the market staged a technical rally this morning aided by the firm New York close and steadier gold. Three Months finished the kerb trading at the high of £681. Bales of 6,900300 words
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Article270 1977-08-18 8 LONDON, Wed. Sliver rose by 1.6 to 1.8 pence per troy ounce. Dealers said the movement was touched off by the rally In New York with the higher gold fix and the trend In base metals as additional firming Influences In the pre-mar-ket. Three Months opened the ring at270 words
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Article333 1977-08-18 8 THE Singapore gold market opened on a quiet note. The kllobar was quoted at 5511,414 In thin trading and the market closed lower at S$U,4O6. Dull trading prevailed In the loco London market Prices opened at U*****.05/30 and fluctuated marginally before closed at U*****.85/ 144.05. The London morning fix333 words
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Article103 1977-08-18 8 LONDON, Wed. Lead advanced by £5 for cash and £4.25 for Three Months. Values were firmer following the turnround in copper with shortcoverlng taking Three Months up to £316 In the pre-market although trade selling In late ring dealings pared the position to £312.50. Lost ground was subsequently recouped103 words
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Article105 1977-08-18 8 LONDON, Wed. Zinc finished with gains of mostly £8.50 per tonne. Zinc reflected the general trend with short-cover-ing and small European physical demand the main supporting factors, dealers said. Three Months traded up to £299.50 during moderate ring dealings but finished the kerb at £300. Sales of 3,300 tonnes105 words
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MONEY AND EXCHANGES
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Article510 1977-08-18 8 TRADING was reported hectic on the Singapore foreign exchange market yesterday as the US dollar fluctuated erratically against both the Japanese yen and the Deutschemark. Against the yen, the US dollar eased towards the late afternoon by a margin of 115 points to 266.25/35 yen from its opening of510 words
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Article54 1977-08-18 8 ACBC SH Firat Chicago 6 1 Al|«nriw Bank Bangkok Bank t l i 7 C itihank HSBC 6 1 Bank of America m Indoauez 7 (>« Bank of Tokyo 6 1 S*4 Bank Negara OCBC Indoneaia 7 OUB Chartered Bank 6 1 UCB 7 6 l L'MBC54 words
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Article164 1977-08-18 8 Asian rates ASIAN currency depoait Interbank rate* a* at close on Auc 11 US Doll Offer 7 days 6 1/B 6 1 mth 5 15/16 5 13/16 2 mths vie 6 3/16 3 mths 1/2 6 3/8 6 mths 6 13/16 6 11/16 9 mths 6 15/16 6 13/16 12164 words
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Article48 1977-08-18 8 RANOE of prices offered by discount houses on Aug 17: Overnight 1 v, to 3H Call deposit 3% Closing Buying Selling 3-Month Treasury 3 2 7/8 3-Month Bank bills 4 1/4 41/8 3-MonthsCD 4 3/4 4 5/8 8-Months CD 5 4 7/B Source: National Discount Co. Ltd.48 words
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Article161 1977-08-18 8 Euro rates LONDON, Wed. Period Eurodollar deposit rates up to six months opened easier, reflecting the Friday dealing technicality while shortdates opened little changed, but overall, rates tended slightly softer from openings in early trading, dealers said. Initial technical losses in periods ranged from 3/8 In One Month to 1/16161 words
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Article38 1977-08-18 8 THE Monetary Authority of Singapore invites banks and discount houses to tender a total of $20 million 91-day Treasury bills to be issued from Aug 22 to 26. Each tender must not be less than $250,00038 words
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Article132 1977-08-18 8 NEW YORK, Wed. The dollar, firm in light trading at the opening yesterday fell against most currencies In heavy selling towards the close. Dealers attributed the decline mostly to the fall In the federal funds rate. One dealer said there Is doubt in some people's minds on what132 words
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Article201 1977-08-18 8 LONDON, Wed. Sterling held very firm around U551.7411/14 against its overnight $1.7403/06, dealers said. The Bank of England was intervening In the morning at around 1.7414 to stem sterling's rise against the dollar, they added. Dealers also report the ba ik was selling sterling forward to prevent forward discounts201 words
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Article103 1977-08-18 8 TOKYO, Wed. The US dollar for overnight delivery closed at 286.70 yen, compared with 267.40 at the opening and at yesterday's close, reflecting Japan's record visible trade surplus for July, dealers said. A midday decline, attributed to exporters' selling forward dollars, was accelerated towards the close following the announcement103 words
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Article112 1977-08-18 8 HONGKONG, Wed. The US dollar eased against the yen and sterling, although it recovered earlier losses against the mark In active trading, dealers said. The yen firmed to 266.65/75 from New York's closing mid-point equivalent of 267.02, following the strong Japanese trade and payments figures, they said. On the112 words
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Article60 1977-08-18 8 AUSTRALIA/NZ exchanges on Aug 17: Australia: Sterling 0 L 6366/0 6296 US dollar 1.1042/1 0994 Ninety-day air mall buying rates: Sterling 0 6526 US dollar 1 1292 Ninety-day forward buying rates Sterling 0 6334 US dollar 1 09S0 New Zealand Sterling 0 5562/0 5532 US dollar 0 9727/0 962760 words
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Article41 1977-08-18 8 FRANKFURT exchanges opening quotes on Aug 17: U8 2 3298/3308 Can 2 1655/75 UK 4 055/065 Neth 94 62/72 Bwit* 95 50/60 Italy 2 633/643 Prance 47 20/30 Norw 44 20/30 Belg (com) 6 51/52 Belg (fin) 6.90/91 Japan 0.8736/4941 words
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Article46 1977-08-18 8 ZURICH exchanges closing quotes on Aug. 16: US 2.4412-4422 UK 4.2480-2906 Can 2.2869-2685 W Oerm 104.34-44 Neth 98.79-88 Prance 40.49-90 Belg 6.80w-am Denm 40.96-90 Norw 46.20-24 8 wed 59.36-40 Italy 0.2761-2764 Austria 14 70-72 Port 6 28-32 Spain 2.880.-88*. Arg 0 56-65 Japan 0.91 -81W46 words
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Article298 1977-08-18 8 LONDON, Wed. Straight US bonds held steady in light two-way interest. Dealers noted some consolidation at the lower levels. Straight* Bid Offer Austria 8* 90 101* 102* Bell Canada 8* 86 104'. 105 BFCE 8* 83 ior» 102S Brazil 9* 84 98* 99'* Can Pacific 9% 83 101'. 102298 words
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Page 8 Advertisements
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Advertisement169 1977-08-18 8 s jg!*. MONTHLY ECONOMIC REPORTS With monthly political supplement for UP-TO-DATE HANDY REFERENCE 1 r ASIA RESEARCH BULLETIN This unique publication offers businessmen each month a comprehensive guide tp the latest developments that have taken ploce in all important sectors of the economies of countries in East and Southeast Asia.169 words
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TRANSPORT AND COMMUNICATIONS
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381 1977-08-18 9 AP LONDON, Wed. Britain's 950 air traffic controllers may halt all air traffic in and out of the country later this month If the majority votes for a strike over retroactive pay claims. The result of the balloting this week is toAP - 381 words
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Article, Illustration217 1977-08-18 9 A new articulated roll-on/roll-off ramp is being constructed at the container berth at Fremantle, Western Australia, primarily to serve the Anro Consortium of which Singapore's Neptune Orient Lines is a member. The ramp will be completed in October when the Anro Consortium will introduce three hybrid ceilular/ro-ro container vessels on217 words
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189 1977-08-18 9 AP WASHINGTON, Wed. A US Maritime Commission law Judge ruled yesterday that ocean shippers are charging excessive rates to carry wastepaper from the US Pacific coast to the Far East. Judge Seymour Glanzer directed that the Pacific westbound conference eliminate wastepaper from its rateAP - 189 words
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540 1977-08-18 9 Export boom over for Japanese cars Toyota MD AFP TOKYO, Wed. The Japanese car export boom Is over, In the opinion of Shlgenobu Yamamoto, managing director of the Japanese car giant Toyota. He said that the #apanese car Industry was entering a period of stable and moderate growth. "Like theAFP - 540 words
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Article114 1977-08-18 9 UPI TORRANCE, (California), Wed. The distributor of Toyota cars In the United States is recalling 134,000 cars because a faulty switch In the transmission lever could cause a fire, the company said. Affected are 1970 and 1971 Corona and Mark II models, Toyota Motor Sales USA Inc.,UPI - 114 words
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234 1977-08-18 9 KUALA LUMPUR, Wed. A major European all-cargo carrier Is planning to establish Kuala Lumpur as Its transhipment centre for freight between Europe, South-east Asia and Australia. The carrier, Cargolux International S.A., made the announcement yesterday In conjunction with the opening of their own234 words
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Article223 1977-08-18 9 PENANG, Wed. The construction of berth No 6 which will be a container berth with roll on roll off facility is progressing smoothly according to the Penang Port Commission. In its latest Issue of Bertta Pelabuhan It says the whole project is expected to be completed by223 words
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Article, Illustration368 1977-08-18 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Blue Shark (HOEZ) (2000 after Pltria) 40/41 Bunga Mas (0600 after Tosei Maru) 19 Ernst Schneller (after Esso Procyon not to exceed 150 m) 38/39 Golden Globe (CCS) (1500 after Ocean Hope) 44 Guatemala Maru (JPAD) (2359 after Perekop) 8/9 Murasakl Maru No.368 words
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196 1977-08-18 9 AP PARIS, Wed. A 29-month strike at the newspaper Parlslen Llbere the longest walkout in French press history was settled yesterday with a compromise that left "nelthei victor nor vanquished," the Government announced. The strike broke out In March, 1975, when theAP - 196 words
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Article88 1977-08-18 9 Reuter DETROIT, Wed. The Ford Motor Company yesterday recalled more than 750,000 1976 and 1977 model cars to replace potentially defective engine cooling fans, the same problem that forced the recall of more than 400,000 Fords last June. The fans are equipped with flexible plastic bladesReuter - 88 words
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Article71 1977-08-18 9 Reuter LONDON, Wed. RollsRoyce, Mercedes-Benz and Cadillac took a back seat yesterday when a British magazine Judged the Jaguar XJ 12 to be the world's best car. The magazine, Car, said the Jaguar was a better driver's car than the Mercedes and offered a smoother, quieterReuter - 71 words
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Article56 1977-08-18 9 AFP BANGKOK, Wed. Thai International opened its first mld-clty duty free shop In a bid to boost the tourist Industry. Located near the popular Raj dam rl shopping centre, the shop offers both Imported and locally made goods such as cigarettes, liquor, cameras, radios, tape recorders, perfumes,AFP - 56 words
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Article114 1977-08-18 9 BAFMARINE Service provides a fortnightly frequency of sailings between Singapore and other Southeast Asian ports. Singapore/South Africa. Singapore agent*: Malay States Shipping Company. Parts af call: Durban, Capetown, Port Elizabeth, East London and Maputo. types af carga: rubber, timber, paraffin produce and general cargo. Ty»ss of nml: conventional.114 words
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175 1977-08-18 9 AFP TSURUORa, Wed. Japan will float the world's first ship-shaped wave-powered Knerator off its coast in ly next year, the Marine Science and Technology Centre announced yesterday. Centre officials hope the wave-activated power generation system will produce 2,000 kilowatts of electricity for this resourcepoor country InAFP - 175 words
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Article553 1977-08-18 9 ARRIVALS tavk* Operator Numb«r Low Tl» J Frtxa CPA CX003 0145 HKQ MAS MH682 0610 KCH CPA CX710 1000 HLP OIA OA06O 1030 HLP SIA SQ211 1045 HLP OIA OA944 1055 PKU OIA QA908 1100 MES PAL PR901 1115 MNL RBA BI325 1155 BWN SIA SQ240 1210553 words
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Article201 1977-08-18 9 AP LONDON, Wed. Atlantic grain chartering became less pronounced yesterday, but a number of other fields tended to offset lack of business In that area. Chinese charterers, for instance, took 32,000 tons of Australian wheat aboard the "Tarpon Sealane" In August-September position at the steady rate ofAP - 201 words
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Article183 1977-08-18 9 UPI WASHINGTON, Wed. Former President Gerald Ford promised yesterday to support President Carter's new Panama Canal agreement, a move that may divide Republicans in what appears to be a tough and emotional political struggle for ratification. As Gen. George Brown, chairman of the Joint Chiefs ofUPI - 183 words
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Page 9 Advertisements
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Advertisement233 1977-08-18 9 THEHAMLYN PICTORIAL ATLAS OF THE WORLD A modern and comprehensive atlas has become indispensable both to students of geography and to general readers A'ho want to understand the new economic and political shape of the world. Here, for the first tune, a coni ise fascinating and authoritative text, illustrated with233 words
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Article, Illustration899 1977-08-18 10 IBRAHIM NOORI - By IBRAHIM NOORI Reuter TEHRAN: Dr Jamshld Amouzegar, formerly Iran's top oil negotiator who has now been made Prime Minister, will need all his skill to tackle the country's urgent development problems. His priorities, as listed by the Shah, Include housing, Inflation, manpower, educationReuter - 899 words
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Article, Illustration1176 1977-08-18 10 JEREMY TOYE - By JEREMY TOYE Reuter FREETOWN, (Sierra Leone): From the days when sailing ships plied the West African coast with cargoes of gold, ivory and slaves, big power rivalry has been a fact of life in the region's steamy capitals.. Now there areReuter - 1,176 words
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1000 1977-08-18 10 ROY LEVINE - The real earnings of British workers including management are among the lowest in Europe. But a survey shows that most people in Britain do not particularly want to get richer anyway, particularly if it involves working harder. By ROY LEVINE FT LONDON: Britain'sFT - 1,000 words
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1161 1977-08-18 10 ROBERT GIBBENS - Mr. Trudeau of Canada has been wooing Mr. Carter of the United States, after years of comparative coolness between the Canadian and United States governments. One of the most important first results of this happier relationship could be collaboration on a US$lO billion gasFT - 1,161 words
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Page 10 Advertisements
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Advertisement386 1977-08-18 10 ll '/77/ t <« '11 o V'O/ V/. s >ATop 'CO/V THE GREAT BOOKS OF WESTERN CIVILIZAnON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built386 words
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170 1977-08-18 11 AFP YOKOHAMA. Wed. Japan'* biggest national labour federation, Sohyo, today called for the establishment of a uniform minimum wage ay stem, better social security system and job security amid the current serious economic crisis. »The appeal was made by chairman Motofumi Makideda of theAFP - 170 words
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Article91 1977-08-18 11 Reuter TOKYO, Wed. Japan welcomes the US Government's decision announced on Monday night to buy the yen it needs on the open market rather than from the Japanese Government, Finance Ministry officials said. The ministry was amplifying an announcement that agreement has been reached for Japan to stopReuter - 91 words
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Article77 1977-08-18 11 UPI TOKYO, Wed. Japanese banks suspended transactions with 1,481 companies In July for failure to meet their liabilities, the nation's Bank Liaison Council reported today. The statistic applies to firms capitalised at one million yen (559,200) or more. The council said the firm's unmet debts amounted toUPI - 77 words
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Article, Illustration354 1977-08-18 11 UPI BANGKOK, Wed. Thai officials are disappointed over Japanese Prime Minister Takeo Fukuda's aid offers and postponement of decisions on Thailand's huge trade deficit with Japan. The official Thai government newspaper Chao Phya reported today that Prime Minister Thanln Kraivichien had asked for moreUPI - 354 words
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145 1977-08-18 11 AFP TOKYO, Wed. Japanese textile exports last month came to U*****,021,000 (Ssl billion), registering a 7.4per cent increase over the same month of last year. The Finance Ministry, In its monthly customsthrough report, also said imports of textile raw materials were down 12.5AFP - 145 words
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Article174 1977-08-18 11 Reuter TOKYO, Wed. Japanese steel production in fiscal 1977 ending next March will almost certainly fall back to the level of two years ago, or around 102 million tonnes, because of flat domestic demand and a slowdown In exports, Industry officials said. Officials atReuter - 174 words
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Article91 1977-08-18 11 Reuter TOKYO, Wed. The semiofficial Japan Tobacco Corporation said yesterday it would send experts to Thailand this month and to Algeria next month to give technical aid in tobacco production there. It said two experts would be sent to a tobacco leaves' cutting plant In Thailand.Reuter - 91 words
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Article88 1977-08-18 11 Reuter TOKYO, Wed. Japanese camera exports during the first six months of this year rose 26 per cent to 126 billion yen (551.16 billion), it was announced here today. The Japanese Camera Industry Association said exports to the United States rose 42per cent to 41 billionReuter - 88 words
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Article135 1977-08-18 11 UPI TOKYO, Wed. Prime Minister Takeo Fukuda Is expected to ask the Bank of Japan for another discount rate cut after returning tomorrow from his visit to the South-east Asian countries, Japanese newspapers reported today. According to press reports the Prime Minister Is reportedlyUPI - 135 words
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252 1977-08-18 11 AP JAKARTA. Wad. Proddent Suharto said last night that foreign loans received by the government are not going to impose a heavy bunion upon the Indonesian people in the future. Addressing the nation on the eve of the 32nd National Independence Day, Mr.AP - 252 words
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Article71 1977-08-18 11 Reuter MANILA, Wed. Rizal Commercial Banking Corp president David Syclp urged the removal. or the 15 per cent withholding tax on Interest on savings and time deposits. At a public hearing by the National Economic Development Authority, he also sought the elimination or reduction of theReuter - 71 words
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376 1977-08-18 11 BANGLADESH, like all developing countries, has problems of illiteracy, communications, health, technological know-how, and explosive population growth. To solve these problems the country is looking to industrialisation and reactivating past development schemes in the largely agricultural country. speatcing at a Rotary Club luncheon376 words
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404 1977-08-18 11 UPI BRISBANE, Wed. The Queensland State government has given Japanese sugar buyers until Aug. 31 to accept amendments to the five-year sugar contract before It takes legal action against them for breaching the contract, State Minister for Primary Industries Victor Sullivan said yesterday. AUPI - 404 words
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309 1977-08-18 11 THE Asian Association of Management Organisations (A A MO) comprising management institutes from 12 Asian countries Is organising a four-day conference here from Nov 1. The theme Is "The making of a manager." About 500 managers, mainly from Asia, Australia and New Zealand,309 words
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266 1977-08-18 11 THE Asian and Pacific Coconut Community (APCC), the regional association of coconut producing countries, has decided that efforts be made to cash in on current opportunities for changes in existing trade arrangements for their common commodity. According to a United Nations Information Service report,266 words
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Article104 1977-08-18 11 SIM LIM Finance has filed a suit In the High Court against Messrs. Ng Soo Lam, Ng Soo Seng, and Teo Thlam Hock and Mdm. Ng Lay Choo for an alleged sum of $280,511 together with further Interest thereon at 14 per cent per annum from Feb.104 words
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Article164 1977-08-18 11 SIME Darby Holdings Ltd. Is donating $50,000 towards the Orand Safety First Ball the first project of the National Safety First Council to raise money for their building fund. A cheque for the amount will be presented by Slme Darby's executive chairman, Tun Tan Slew Sin164 words
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523 1977-08-18 11 NYT WASHINGTON, Wed. Administration officials said yesterday that Secretary of State Cyrus Vance would explore with China's leaders next week on the possibility of finding a formula that would allow the United States to establish formal relations with China while being assured that TaiwanNYT - 523 words
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Article299 1977-08-18 11 UPI NEW DELHI, Wed. India's Congress Party, already weakened by losses in national and state elections, was stunned today by charges that three top aides to former Prime Minister Indira Gandhi stole millions of dollars of party funds for their own use. Party members admittedUPI - 299 words
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155 1977-08-18 11 REPRESENTATIVES rrom two British manufacturers will be In Singapore in October to find agents for their companies' products. Mr. Melvyn Douglas, sales director of D.B. Oswald, will be marketing a camel hair belting known as "Powerdrive." The transmission belting is said to give an increase155 words
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Article62 1977-08-18 11 Reuter MANILA, Wed. The Philippines will be the "hub of South-east Asian communications" in 1083 with the completion of the Thailand Philippines submarine cable network. The Eastern Telecommunications Philippines, Inc. (ETPI) said yesterday. The Thailand-Philip-pines cable network, which will cost US$O2 million (*****.3 million), is the lastReuter - 62 words
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367 1977-08-18 11 CHANOI Airport Fuel Hydrant Installation (CAFHI), the private company formed to supply fuel and oil products to the aviation Industry at the Changl International Airport, will begin laying the pipelines that will make up its main hydrant network next month. CAFHI's chairman, Mr.367 words
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119 1977-08-18 11 THAILAND'S first tourist office in South-east Asia will be inaugurated this Friday at a reception to be hosted by the Thai Ambassador to Singapore, Mr. Jetn Sucharltkul. The ambassador will take the place of Mr. Duslt Slriwan, the minister attached to the Thai Prime119 words
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Advertisement450 1977-08-18 11 APPOINTMENTS UNITED OVERSEAS BANK GROUP has an immediate vocant post for ASSISTANT PROPERTY OFFICER 9 iwii m BMCTrVCvI/ Qwtlifk«tiww/I«p>fwna: Applicants should possess either a City Guilds full certificate (Mechanical/ Electrical Engineering, or Singapore Polytechnic Technician Diploma (Mechanical/ Electrical Engineering) or its equivalent with at least 3 years relevant experience in450 words
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Article389 1977-08-18 12 Reuter TOKYO, Wed. Japan's booming export drive reached fresh heights today when the government announced a record monthly visible trade surplus of U552,050 million (Sss billion) for July. The preliminary figure announced by the Finance Ministry showed a sharp Increase from a $1,480 millionReuter - 389 words
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Article468 1977-08-18 12 AP DETROIT, Wed. Volkswagen is withdrawing its famous "Beetle," from the US car market after 28 years. The Beetle sedan, the most successful import in American history, with sales of about five million, has become a victim of rising prices that have resulted inAP - 468 words
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190 1977-08-18 12 Reuter MANILA, Wed. Philippine Finance Secretary Cesar Virata said the International Monetary Fund (IMF) approved the country's request to restructure Its 1977 credit programme. The approval fives the Philippines more leeway in raising new foreign loans with maturities ranging from one to 10 years,Reuter - 190 words
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Article53 1977-08-18 12 TORONTO, Wed. The federal government placed an antidumping duty on bicycles and bicycle parts Imported from Taiwan and South Korea, the Canadian Bicycle Manufacturers' Association said. An association spokesman said an inquiry by the Department of National Revenue found that bicycles. frames, forks, steel handlebars and wheels were being53 words
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579 1977-08-18 12 DIFFERENCES of opinions between the directors of Jurona Watersports Complex Pte. Ltd. appear to have been sorted out. Work on their 94-mllllon-plus project In Jurong, which will be Singapore's second aquatic centre, is expected to resume at the end of this month. The579 words
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Article94 1977-08-18 12 KUALA LUMPUR, Wed. Exxon Production Malaysia has begun sinking its first production well from Its platform In the Pulal field off Trengganu though the oil will only start flowing from early next year. Drilling activity on the first well begun on Aug 9 after the platform was94 words
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706 1977-08-18 12 Reuter MANILA, Wed. Japanese Prime Minister Takeo Fukuda flew In from Bangkok today on the last leg of a slx-natlon Southeast Asian tour to a colourful welcome and serious discussions about an Increasing trade gap. Alongside headlines reporting his arrival, one ManilaReuter - 706 words
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Article767 1977-08-18 12 LONDON, Wed. Government bonds were firm today on market speculation of a further reduction In the UK minimum lending rate and the continuing strength of sterling. Government bonds closed up to H firmer among shorts and around ft to higher among long dated stock after slipping back temporarily767 words
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Article85 1977-08-18 12 Reuter HONGKONG, Wed. The government here Is to present proposals soon on Insider share trading on Hongkong's four stock exchanges, the AttorneyGeneral said today. Mr. John Hobiey said: "We shall be putting proposals to the Executive Council very shortly in relation to Insider trading." Legal authorities andReuter - 85 words
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332 1977-08-18 12 KUALA LUMPUR, Wed. Peninsular Malaysia's trade surplus for the first half of this year reached a record figure of Ms7Bl million it waa announced here today. This represents an increase of $180 million dollars over the surplus for the same period last332 words
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749 1977-08-18 12 MALAYAN Credit's latest balance sheet released by the company yesterday reflects a growing dependence on external borrowings to finance group operations. In the 12 months since Its last balance sheet In March 1976. borrowings both long and short term have Increased nearly fivefold749 words
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Article167 1977-08-18 12 THE Regional Mineral Resources Development Centre (RMRDC). established in 1973 to help speed up exploration and development of potentially rich resources In the Asia and Pacific region, has accepted an Indonesian offer for Bandung to be the centre's permanent headquarters. A United Nations Escap167 words
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609 1977-08-18 12 Reuter SYDNEY, Wed. Speculation about an early Australian general election at the end of the year grew today In the wake of the Conservative Government's decision to cut personal taxes early in 1978 announced In last night's budget. But if Prime Minister Malcolm Fraser bankedReuter - 609 words
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Advertisement0 1977-08-18 12 ),{$![_?!$|":||_>`'<!.^-=^`)*?.0 words
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