The Business Times, 30 November 1977
1977-11-30
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The Business Times
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Title Section10 1977-11-30 1 BUSINESS TIMES M.C.(P) 300/1/77 WEDNESDAY, NOVEMBER 30, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article69 1977-11-30 1 AP BANGKOK, Tues. Thailand's trade surplus with its partners in Asean for the first half of 1977 stood at a record US$224 million (Sss2» million), an increase of *50 million, the Board of Investment (BOI) reported today. Trade with Singapore, its largest trading partner within the AseanAP - 69 words
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Article71 1977-11-30 1 GENEVA, Tues. Japan told its major trading partners today it was "actively considering" reducing tariffs on certain goods in advance of the outcome of the world talks on lowering trade barriers. Such a reduction should be seen as Japan's contribution to the Tokyo Round negotiations for lowering trade71 words
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Article64 1977-11-30 1 AFP TOKYO, Tues. China will supply Japan with 15 million tonnes of oil In 1982 under a long-tern) trade agreement. The agreement was reached yesterday in Peking during a meeting between a Japanese businessmen delegation and Vice-Premier U Hslen-nlen. The oil will come from Tachlng toAFP - 64 words
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Article50 1977-11-30 1 Reuter KUALA LUMPUR, Tues. The Malavslan fnr V r!» nm n 18 stud ylng a request from Britain n 10 ny the supersonic Concorde territory on the new Londonservice beginning next month. Communications Minister Tan Sri Manlck--101(***** Lower House of Parliament to- RnSS-"* re,uest m etoU romReuter - 50 words
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Article63 1977-11-30 1 Reuter TOKYO, Tues. The Japanese Cabinet approved an additional 500 billion yen (814.9 billion) of loans to small firms to help them tide over the impact of yen appreciation and year-end fund shortages. These loans will be supplied by three government finance bodies People's Finance Corp,Reuter - 63 words
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Article63 1977-11-30 1 Reuter ABU DHABI, Tues. Indonesian Oil Minister Mohammad Sadly said today his country would not want oil prices to be Increased by more than 10 per cent next year. Dr. Sadly, who arrived here early today as part of a tour of major oil exporting countries, saidReuter - 63 words
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Article64 1977-11-30 1 UPI NEW YORK, Tues. stocks headed lower early today. Trading was active. The Dow Jones industrial average, which fell 4.85 points yesterday, was off 4.07 points to 835 50 shortly before 1600 GMT. Yesterday's setback was the first In six sessions. JS c Unes led advances, 635 toUPI - 64 words
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Chief Price Oranges
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Article, Illustration218 1977-11-30 1 SIN CHEW Jit Poh chalked up a fantastic premium on its debut in a quiet and slightly easy market on the Mock Exchange of Singapore yesterday. The share r 1 52.50 in brisk trading before closing at 52.47 for a premium of 135 per cent over its218 words
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Article98 1977-11-30 1 Foils Most octi ye Pet* line Me»a 0.35 0.90 .10 m O. Ceramics 145,000 87,000 84,000 81,000 Island Pen 2J30. <n Uen Hoe 8m View Royal 0.07* 1.10 .04 .04 F. Cables D.B.S. 3.52 .04 Total Turnover: 1.49 m U.M. Works 1.25 .03 Total Value: MJ2.78 M98 words
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Article, Illustration630 1977-11-30 1 SOH TIANG KENG - EUROCLEAR WILL HANDLE NOTES BY SOH TIANG KENG THE US$l5 million floating rate negotiable certificate of deposit (FRCD) Issued by Sumitomo Bank met with very good response. Sumitomo's FRCD the second so far in Singapore has been twice oversubscribed, it Is understood. The issue630 words
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Article232 1977-11-30 1 INDIA'S largest bank, the State Bank of India, opens its offshore branch In Singapore today. This- win be the first branch by the bank in Asean although it has a representative office in Manila. The Singapore branch, said chief manager Mr. N. Slvaramakrlshnan, will offer a232 words
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Article, Illustration825 1977-11-30 1 MANO SABNANI - »y MANO SABNANI ON THE face of It, the bullish treatment accorded shares of Leong Huat Industries In the last five months may be considered as a classic example of Illogical stock market behaviour. Though the company has been losing more and more825 words
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179 1977-11-30 1 Reuter KUALA LUMPUR, Tues Malaysia would consider resuming sugar imports from Cuba if current negotiations to revise the «ugar agreement with Australia become difficult. Trade Minister Datuk Serl Hamzah Abu Samah aald here today that Cuba was only too willing to sell to MalaysiaReuter - 179 words
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Article85 1977-11-30 1 THE US$2O million Orient Leasing (Caribbean) NV Asian Dollar bond Issue has been priced at 90% per cent, joint lead manager Dalwa Europe NV said yesterday. The Issue, guaranteed by parent Orient Leasing based In Tokyo, and Sanwa Bank Ltd, carries a coupon of Stt per cent85 words
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296 1977-11-30 1 STAGS of the Sin Chew Jit Poh (Singapore) public issue were yesterday blessed with a wider than expected range of premiums when the •hares made their debut at the Stock Exchange of Singapore. With the shares changing hands from $2.23 to 12.50,296 words
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459 1977-11-30 1 RONNIE LIM - •y RONNIE LIM JAPANESE companies here play a significant role ln Singapore's economy, the firms being responsible for about a tenth of the exports. Last year, Japanese companies accounted for 9.6 per cent of Singapore's exports. In terms of exports to Japan,459 words
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Article132 1977-11-30 1 SINGAPORE Is expected to Increase its subscription to the capital stock of the A^ lP e n lo P m nt *<> US$29, $75,000 fS$7O million), subject to parliamentary approval. Notice of this was given last week by the Finance Minister who said the increase was In132 words
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Page 1 Advertisements
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Advertisement64 1977-11-30 1 whatever you need in menswear.get itaL.. MOHAN'S DERI STORE (FTEJ UD. 321 Orchard Road. 1M *****22 (nart toMMM HoM) W,lhWw WwnnHiiy Cawtia THzaoam DaMy:9am-9pm BEE BACK PAGE Oversees New*/ TV Radio Overseas News/ Oosswords Local Co. News Overseas Stocks P 2 Commodities Transport 4k ComP 3 muni cations P 464 words
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Advertisement59 1977-11-30 1 w. A KV-2000ES Sony's 20" (51 Bcm) New Trinitron colour tv system with 60% bnghter and sharper plus instant picture make him the best colour tv system in town. warranty •24 months' cover for free labour •24 months' cover for all parts •24 months' cover for the picture tube Setron59 words
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Advertisement196 1977-11-30 1 Some flames just never give up TAMTA IC lujhtt" olivelki Logos. Once you try it, your calculator just won't do. Olivetti Logos: A range of calculators designed to do more ha/*d calculating work than most machines. There's the new Logos 42a that cbmes with a well-designed keyboard for fast, easy196 words
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OVERSEAS
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905 1977-11-30 2 NO NEW UNDERLYING FACTORS NYT WASHINGTON, Tues. The two-month-old East Coast and Oulf Coast dock strike was primarily to blame for the United States' record US$3.l billion (557.4 billion) trade deficit for October, according to the Commerce Department's Chief Economist, Mrs. Courtney Slater. WallNYT - 905 words
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321 1977-11-30 2 NYT UNITED NATIONS, Tues. A decision by Secretary General Kurt Waldheim has started a debate In the Secretariat over whether the United Nations must honour Its collective bargaining agreements and whether It can be taken to court If It does not. Mr. WaldheimNYT - 321 words
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Article70 1977-11-30 2 UPI TOKYO, Tues. Nissan Motor Co, Japan's No. 2 car maker, has started Importing 1,500 c.c. truck engines from Its subsidiary in Mexico, a Nissan Spokesman said today. The firm will mount the engines on Datsun trucks for exports to South American countries, he said. ThisUPI - 70 words
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518 1977-11-30 2 Agencies LONDON, Tues. When the British motor industry decided to give Queen Elizabeth a Silver Jubilee present of a US$lOB,OOO (*****,800) Rolls-Royce limousine it forgot about its own biggest problem strikes. And so the Rolls will be represented only by an artist's impressionAgencies - 518 words
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Article177 1977-11-30 2 AFP PARIS, Tues. The French retail price Index rose by 0.8 per cent In October bringing the aggregate Increase for the first 10 months of the year to 8.3 per cent. Last year's increase was 9.5 per cent. Monthly price increases in August and September were 0.5AFP - 177 words
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744 1977-11-30 2 Washington Star WASHINGTON, Tues. Nint\een of the largest US oil cctipanlea face a potentially staggering US$7blliion (5516.5 billion) tax bill if the Internal Revenue Service changes Its stance on a controversial tax credit claimed as a result of taxes paid to foreignWashington Star - 744 words
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223 1977-11-30 2 A £20 million (SsB6 million) International Trade Centre Is to be built in London. When completed, it will be Europe's most modern and comprehensively equipped centre. To be situated In the heart of the City of London, Britain's international and financial centre, the com¥lex223 words
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355 1977-11-30 2 AP MOSCOW, Tues. Russia's biggest children store Is preparing for a holiday rush during which some of the cheapest toys in the world will sell "by the truckloads" for an expected US$6 million (Ssl4 million). Children's World, or "Detsky Mir in Russian, Is theAP - 355 words
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Article190 1977-11-30 2 UPI WASHINGTON, Tues. Foreign fishing fleets operating off US coastlines will be allowed to catch 1.9 million tonnes in 1978, a reduction of 200.000 tonnes from this year's'level. The Commerce Department said the reduction Is necessitated by "changes In the amounts of some species that canUPI - 190 words
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455 1977-11-30 2 DOVER, Tues. The number of English voices on Calais Rue Royale may not equal the French accents on London's crowded Oxford Street, but the Calais Chamber of Commerce believes it may be reversing the weekly flow of shoppers across the English Channel. Chamber officials say455 words
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Article164 1977-11-30 2 Reuter ROME, Tues. Treasury Minister Oaetano Stammatl said Italy needs massive Investment from public and private sources to sustain its economic recovery. The government considers an extension of subsidies to employers on social security contributions, due to expire at the end of January, toReuter - 164 words
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85 1977-11-30 2 Reuter UNITED NATIONS, Tues. Former government chiefs of France, Britain, Sweden and Chile have been chosen by former West German Chancellor Willy Brandt for his think tank on world economic problems. Messrs. Edward Heath of Britain, Pierre Mendes of France, Olof Palme of Sweden,Reuter - 85 words
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300 1977-11-30 2 LONDON, Tuea. China's Foreign Trade Minister Li Chiang arrived yesterday for talks with British ministers aimed at expanding trade between the two countries. He is the first Chinese minister to visit Britain in nearly five years and his trip comes when China is300 words
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Article146 1977-11-30 2 Reuter WASHINGTON, Tues. President Carter plans to leave on Dec 28 or Dec 29 on a major foreign tour that he postponed this month because of preoccupation with energy legislation. Administration officials said the trip, originally Involving nine countries, is to be split Into two,Reuter - 146 words
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246 1977-11-30 3 OTTAWA. Tues. Canadian real gross national Eroduct rose 1.3 per cent In He third quarter 1977 after a revised 0.3 per cent fall in the second. Statistics Canada said the growth in real output was second largest In the past 18 months. The246 words
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Article596 1977-11-30 3 NYT NEW YORK, Tues. Lehman Brothers and Kuhn Loeb, two of the most widely known and oldest Investment banking firms on Wall Street, announced yesterday their intention to merge. The consolidation of Lehman, founded In 185Q, with Kuhn Loeb, founded In 1867, will bring togetherNYT - 596 words
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287 1977-11-30 3 NEW YORK, Tues Credit flows in the (JS heavily directed towards consumption rather than productive credit, have created an inflationary bias in the economy. Limited partner of Saloman Brothers and investment banker Sidney Homer told life insurance executives that this years's credit287 words
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Article723 1977-11-30 3 UNEMPLOYMENT BAD Reuter AFP PARIS, Tues. The seven major Organisation for Economic Cooperation and Development (OECD) economies are sinking near to the worst average levels of performance seen In the decade before the 1973 oil crisis. Hudson Research Europe, the private forecasting body, said itsReuter; AFP - 723 words
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Article299 1977-11-30 3 Reuter BONN, Tues West Germany's state (Laender) economic ministers regard a Federal Economics Ministry forecast of 3 to 3.5 per cent real growth in 1978 as relatively ambitious since even a 3 per cent rise looks at present in danger. Bavarian Economics Minister Anton Jaumann saidReuter - 299 words
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Article67 1977-11-30 3 Reuter AFP NEW DELHI, Tries. A visiting Australian business delegation had discussions here yesterday with Commerce Minister Mohan Dharla on prospects of production cooperation and Joint ventures for mining equipment between the two countries. The delegation hopes to Investigate the scope for Australia involvement In India'sReuter; AFP - 67 words
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Page 2 Advertisements
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Advertisement271 1977-11-30 2 <i|Saw JgSSk. CYCLE ft CARRIAGE LIMITED (Incorporated in Singapore) PROFIT ft DIVIDEND ANNOUNCEMENT The Board of Directors reports audited Group and Company turnover and profits as follows: SS'OOOt Years Ended 30th September 1f77 I 1*76 Turnover: Malqysia Singapore The profit before taxation and extraordinary items amounted to After depreciation of271 words
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Page 2 Miscellaneous
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Miscellaneous50 1977-11-30 2 THE WEATHER WEATHER report for 24 hours prior to 7.30 pm on Nov 29 at Singapore airport. Maximum Temperature 29.2* C Humidity 90 Minimum Temperature ».I°C Associated Humidity 99 Hour* of Sunshine 015 Rainfall in Millimetres .*..*1.8 J°t*| Rainfall for the Month 361.4 Total Rainy Days for the Month 2050 words
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Miscellaneous238 1977-11-30 2 SINGAPORE 5 3.00 PM Opening followed by Serbanika (Malay repeat) 3.30 Diary of Events (Malay) 3.35 The Mighty Amazon (repeat) 4.30 Intermission 6.05 Opening followed by Electric Company 6.30 flews in Brief 6.35 Last of the Wild Sea Lion 7.00 Samudra (repeat) 7.30 News and Newsreel (Malay) 7.55 Music at238 words
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Page 3 Advertisements
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Advertisement54 1977-11-30 3 A PRESENTATION OF IMPECCABLE SIMPLICITY IN QUARTZ WATCHES -o OMEGA FEW THNGS IN LIFE WU OUTLAST SWISS CRAFTSMANSHIP From the Omega Quartz Collect.on: (1) 192.0030. (2) 196 0065. (3) 192 0028 Sole Agents: S.lvaroyal Pte Ltd. 626-630 Colombo.Court Building. Singapore 6. Tel *****2/5; 20-22 Jalan Tun Perak. Kuala Lumpur 01-03.54 words
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Page 3 Miscellaneous
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Miscellaneous564 1977-11-30 3 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 False treacherous ground to us (5) 6 The snoring forties? (5) 9 One of a friendly crew evidently (7) 10 A departmental dab (5) 11 Amounts of current spending (5) 12 Something brewing? (5) 13 They don't know what they're talking about (7)564 words
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COMPANY NEWS
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442 1977-11-30 4 CENTRAL Securities (Holdings) Is looking Into the possibility of expanding its activities in the rubber based industry. Datuk Loy Hean Heong, the chairman of its executive board, said this reflects the Importance the group attached to rubber. Datuk Loy was speaking at a ceremony during442 words
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362 1977-11-30 4 AGAINST the generally improved performance reported by mott hotels, in the Republic recently, Sea View Hotel continues to report dismaying results for the year ended June 30, 1977. In fact, the hotel reports a higher group deficit of $1.56 million, an increase362 words
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Article621 1977-11-30 4 GROUP EARNINGS UP 68pc TO $39m TRUE t& its own optimistic forecast, Cycle and Carriage set record performances for the year ended Sept 30, 1977. Group pre-tax profit Jumped 67.7 per cent to a new record high of $39.35 million. Turnover, reflecting steep sales increases621 words
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Article56 1977-11-30 4 HOKUSHIN Electric Works' US$lO million fiH per cent convertible bonds 1992 will be officially listed on the Stock Exchange or Singapore this morning. An SES statement says dealings will be on a ready basis only and the quotation of the bonds will be expressed as a percentage of56 words
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1135 1977-11-30 4 ON June 8, 1965, some 400 prominent Malay businessmen, professionals and politicians resolved at the end of the second Bumlputra Economic Congress in Kuala Lumpur that a national corporation should be formed to exploit the natural resources of the country. The late Tun Abdul Razak,1,135 words
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Article533 1977-11-30 4 NEW YORK: When Kaneb Services, a coal and pipeline company, Indicated last Wednesday that It might exchange three of its shares for each of Diamond M. Company's shares, there presumably was disappointment In more than one board room. For that exchange would mean a price533 words
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435 1977-11-30 4 TEMENOOONO Securities expects group pre-tax profit to rise by 23.3 per cent to 52.13 million for the current year ending Dec 31, 1977. This is revealed In the offer document released by merchant bankers Baring Sanwa Multinational on behalf of Bowater (SouthEast Asia) which is435 words
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Article32 1977-11-30 4 SAN Holdings linaudited group pre-tax loss M 556,949 ($450,569) for the first six months ended Sept 30,1977. Parent company pre-tax loss $54,938 ($394,856) on nil revenue ($35,360).32 words
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Article1562 1977-11-30 4 November 28 Chicago Board Options Exchange volume was 93.856 contracts, up from 73,278 on Friday. OPTION JAN APL JLY STOCK Alcoa 40 4 1/2 Untrd Untrd 43 3/4 Alcoa 45 1 1/4 21/2 31/8 43 3/4 Alcoa 50 1/4 5/8 Nol 43 3/4 Alcoa 60 Untrd Untrd1,562 words
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Article115 1977-11-30 4 WANDER Ltd., the Swissbated manufacturer of Ovaltine, is planning to expand ita manufacturing activities in Malaysia and increase the range of products sold. Hie company's managing director Dr. R. Sohweiser who was in Kuala Lumpur recently held talks with Mr Alasdair Smith-Laing, the marketing director115 words
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COMPANY MEETINGS
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Article21 1977-11-30 4 THE following company meetings are due: Nov 30 at 11 a.m. at Sungel Way Brewery, Petallng Jaya, Selangor.21 words
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Article16 1977-11-30 4 Dec 1 at noon at its registered office, 73 Beach Street, Penang, Malaysia.16 words
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Article25 1977-11-30 4 Dec 5 at Its registered fc'vv v av IM icgioicicu office, 50 Jalan Ampang, Kuala Lumpur, Malaysia at 12 noon.25 words
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Article25 1977-11-30 4 Dec 15 at Its registered office, 4th floor, Wong Shee F\in Building, Jalan Ah Fook, Johore Bahru, Johore, Malaysia at 11 a.m.25 words
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13 1977-11-30 4 Dec 17 at 21 and 23, Jalan Hussein, Ipoh.13 words
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Article313 1977-11-30 4 Current Ex Date Total for Total for payment Date payable the year previouayear Oriental 0%I Nov 6 NOV 30 6% 15% Rothmam 20% Oct 14 Nov 30 20% 20% Mentakab Rubber 11%I Nov 11 Nov 30 11% 25% Sime Darby 24% Oct 20 Dec 1 35% 20% Sime313 words
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Page 4 Advertisements
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Advertisement206 1977-11-30 4 Iced Cream. Harveys Bristol Cream. The best sherry in the world. Eastern Agencies Ifii TEMENGGONG To Shareholders in Temenggong Limited Recommended Cash Offer by Bowater (South-East Asia) Limited The Offer Document has been despatched on 29th November, 1977 to all Shareholders in Temenggong Limited. If you have not received your206 words
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INTERNATIONAL COMPANY NEWS
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Article499 1977-11-30 5 NORTH AMERICAN COMPANIES Reuter PAINE Webber chairman and chief executive James Davant has expressed reservations about New York Stock Exchange plans for options trading. The exchange should concentrate on the Job it does best rather than diversifying its services, he said. Paine Webber presidentReuter - 499 words
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Article293 1977-11-30 5 Go-ahead for suit against AT T Reuter THE US Supreme Court has cleared the way for the US District Court to resume its long delayed proceedings in the government's sweeping antitrust suit against American Telephone and Telegraph Company. The High Court refused to hear an AT T appeal challenging theReuter - 293 words
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Article113 1977-11-30 5 Reuter THE Los Angeles Board of Water and Power Commissioners has authorised purchase of 83 million barrels of low-sulphur fuel oil for US$l.2 billion from Atlantic Richfield Co and Pacific Refining Co of Houston. The oil purchase, which would be the largest in the city's history,Reuter - 113 words
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Article123 1977-11-30 5 Reuter SYNTEX Corp. has reported a 35 per cent Jump In first quarter earnings over the year-agoperiod, thanks mainly to sales of Its antiarthritic drug naproxen. Net profits for the quarter were $14.55 million, or 75 cents a share, up from $10.72 million, or 52 cents,Reuter - 123 words
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Article63 1977-11-30 5 LOCKHEED Corp plans a US$5O million one year renewable bonding facility for its Saudi Arabian projects, a spokesman for Kredietbank SA Luxembourgeoise said. The bank is sole manager and leader of syndication for the facility which should be completed by midDecember and is already oversubscribed. the spokesman63 words
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Article785 1977-11-30 5 Reuter CNA Financial Corp could supplant Lorillard Tobacco as Loews Corp's biggest profit centre in 1977. president Preston Tisch said. Last year, CNA contributed about $48.69 million to Loew's profits, againt $79.05 million from Lorillard. Although Mr. Tisch declined to estimate profits for the fullReuter - 785 words
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406 1977-11-30 5 EUROPEAN COMPANIES FT THE state-owned Salzgltter group has ruled out mergers as a means of solving the crisis in the West German steel industry while simultaneously announcing a bigger loss for its own business year ended Sept 30, 1977. The group's clear policy statementFT - 406 words
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Article344 1977-11-30 5 Reuter HOECHST attributed a fall in group pre-tax profits in the first nine months of this year to declining sales growth over the period, while turnover In October and November was down on the same year-ago months. Hoechst said Its world group pre-tax profits to the firstReuter - 344 words
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Article249 1977-11-30 5 Reuter Tnrsst'N, formerly August Thyssen-Huette. expects to pay a 5.50 mark cash dividend for the year ended Sept 30. 1977 after having paid an unchanged seven marks for 1975/76. A Thyssen spokesman said the dividend proposal is on an unchanged capital of 1.3 billion marks. A finalReuter - 249 words
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Article803 1977-11-30 5 FT THAMES Board Mills, a subsidiary of Unilever, is planning to triple the size of its high grade cardboard factory at Workington. Cumbria, with an investment estimated at £58 million. If the expansion goes ahead. It will be one of the biggest investment projects undertaken by theFT - 803 words
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Article98 1977-11-30 5 Reuter REGIE Natlonale des Usuines Renault said in a statement it has had discussions with White Motor Corp of the US concerning possible common interests but has informed White that further discussions do not seem opportune. Earlier a Renault spokesman said Renualt held discussions with White duringReuter - 98 words
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Article83 1977-11-30 5 Reuter THE British Government has set up a working party to review the effects of industrial concentration on the economy and to advise on possible changes In monopolies and mergers legislation. Prices Secretary Roy Hattersley said the enquiry stems from government concern at Increasing concentration of ownershipReuter - 83 words
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Article71 1977-11-30 5 Reuter COURTAULDS is to offer through Its Netherlands Antilles financing subsidiary. Courtaulds International Finance, a £20 million guaranteed loan due 1989. Coupon Is expected to be per cent and issue price will be fixed on or about Dec 7. Interest will be payable in dollars outside the UK.Reuter - 71 words
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Article168 1977-11-30 5 Reuter ESSO Italiana said it has reduced Its deficit in 1977. but a spokesman could give no details of losses ahead of closure of the annual accounts. In 1976 Esso Itallana's operating loss was 109.8 billion lire which was reduced to 30.5 billion through revaluation ofReuter - 168 words
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Article153 1977-11-30 5 Reuter «T9=F has bought 251,655 shares or 41.5 per cent of Rousselot on the bourse, the Paris Stockbrokers Association said. The shares were bought at 549 francs each from the shareholders group controlling Rousselot, the association said. Ato-Chlmle has undertaken to acquire at the same priceReuter - 153 words
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Article125 1977-11-30 5 Reuter THE European Investment Bank is raising a £25 million 15-year Eurobond with a coupon of 9'/, per cent. Credit Suisse White Weld said as lead manager that In the light of yesterday's market conditions pricing will probably be at a discount. A purchase fund which, ifReuter - 125 words
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Article39 1977-11-30 5 MEGAL GMBH-Mittel-Eu-ropaeische Casleitungs-Ge-sellschaft of Essen plans to float a 150 million mark Eurobond led by Dresdner Bank on Wednesday, primary market sources said. The planned issue will be Megal's first mark bond, the sources added.39 words
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Article109 1977-11-30 5 Reuter FISONS plans to raise CIO million by way of a Eurobond issue. Morgan Grenfell and Co said. The issue will have a final maturity in 1987 and the indicated coupon is 10 per cent. The bond is co-managed by Deutsche Bank and Union BankReuter - 109 words
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Article51 1977-11-30 5 Reuter PRODUCTION of Mini and Allegro cars at British Leyland's Longbridge plant returned to normal on Monday after a strike by vehicle testers ended, a Leyland spokesman said. The dispute started on Thursday night when the men walked out in protest at the dismissal of a colleague-Reuter - 51 words
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Article199 1977-11-30 5 ASIAN COMPANIES Reuter GETTY Oil and Westinghouse International of the US have expressed interest In exploring for uranium in the Philippines, Energy Secretary Oeronlmo Velasco said. Getty Oil, which sent a technical survey team here last April, is expected to sign a service contract for uranium explorationReuter - 199 words
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Article111 1977-11-30 5 AFP CHINA Provident Co. has estimated that barring unforeseen circumstances its consolidated group profit this year will not be less than HKS4O million. Last year's net profit was $18.2 million and the anticipated "rather dramatic increase" in earnings this year is largely attributable to profitAFP - 111 words
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115 1977-11-30 5 Reuter THE Abu Dhabi Government asked the two major oil companies operating in the country to cut production by about 15 per cent next year to a maximum of 1.35 million barrels a day, oil industry sources said. The sources said the Abu DhabiReuter - 115 words
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Article108 1977-11-30 5 Reuter MATSUSHITA El.ectrlc Industrial Co will suffer a net profit decline for the first half-year ending May 20. 1978 from 23.18 billion yen In the same period this year, due mainly to the sharp yen appreciation. According to company president Toshihlko Matsushita. the yen rise willReuter - 108 words
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92 1977-11-30 5 Reuter IRAN National Industrial and Manufacturing Company is negotiating a car production deal with Volkswagenwerk, the Iranian morning Ayandeghan newspaper said. It said agreement was expected to be reached soon for a plant with an annual production capacity of 300,000 Volkswagen cars to be establishedReuter - 92 words
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Page 5 Advertisements
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Advertisement94 1977-11-30 5 November 1977 This announcement appears as a matter of record only SULU AGRO INDUSTRIAL DEVELOPMENT CORPORATION US $6,583,162 PROJECT FINANCING x Guaranteed by NATIONAL INVESTMENT AND DEVELOPMENT CORPORATION U553,400,000 TERM LOAN Managed by MORGAN GRENFELL (ASIA) Limited Provided by Banque Beige Limited Bank of British Columbia Chartered Merchant Bankers Midland94 words
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Article2399 1977-11-30 6 Gr'» Gr'» Net 1 1977 Last div Div y'M P/E Vol Day Hich Low Company Sale +OT- c'vr (•000) High Low SECTION ONE INDUSTRIALS 154 134 Acma 138 12.0N 1.8 8.6 6.4 204 165 Alcorn 165 10.0 0.5 6.0 20.0 11S 58 Allied Choc 102 -3 20.42,399 words
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Article1307 1977-11-30 6 BID and offer prion officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of •hare* traded shown in hracketa in lota of 1,000 units unless otherwise specified. All Time Settlement Contract* are quoted after the word "Sett." Bin Board1,307 words
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Article1473 1977-11-30 6 Bll» and offer prim officially liMrd and business in and reported to the Kuala l.umpur Stock Exchange yesterday with the number of aha res traded shown in brackets in lott of 1,000 units unless otherwise spec Tied. INDUSTRIAL* A|in«m*t* (2 12B). Alcsm il 658) Alt.. Hold (01,473 words
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Article76 1977-11-30 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. C and C (Dec $1.90) (0.548 O.SOS). (Dec $2.90) (0.168 0.205). (March $2,301 (0.20B) lnchcape76 words
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Article151 1977-11-30 6 SINGAPORE UNIT TRUST INCOME BOND UNIT (Minaim' price for Not 30) (Curreat p rice*) The Commerce 1.77 1 88 INCOME BOND 1 06 1.14 The Saving Fund S pore Prog Fund S pore Security Fund S pore Invest Fund 106 0.83 162 1.01 1.12 0.88 1.72 1.07 MARA151 words
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Article160 1977-11-30 6 B O T Floating 1984 (100.000) (98 J «B 98 7 »S) BOTH 1/2* 1981 (100,000) (100 J «B 101'4S) B O T 7 VB% 1984 (100.000) (97' «B -^J) LTIBJ 1982 (100,000)(98*«B 99'«S) Credit Lyonnais Floating 1983 < 100,000) (97' ,B 98S) ÜBS ConverU 6 1/2% 1991160 words
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Article127 1977-11-30 6 Kep Spore D Mark 7% 1982 (100.000) (1028 102 J «S) Kep Spore 6 1/2% 1983 (100.000) (101HB Kep Spore 7 3/4% 1987 (100.000) <99'*B 100 J «S) 4 3/4% 1/5/79 (250,000) (100.458 100.60S) (2) 100.51 5 1/4% 15/10/79 (250.000) (101.008 101.20S) (4) 101.05 5 3/4% 1/6/78-80 250,000)127 words
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Advertisement519 1977-11-30 6 BUSINESS TIMES Airline Directory Aeroflot Soviet Airline* 110-112 Show Centre, Orchard Rood, Singapore 9 (Tel: 377.111) Air Ceylon 302-B, 3rd Floor, Marina House Shenton Way, Singapore (1) (Tel: *****88) Ground Floor, ICS Building, Shenton Way Singapore 1 (Tel: *****11) Air India 16th Floor, UIC Building, Shenton Way, Singapore 1 (Tel:519 words
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Article, Illustration679 1977-11-30 7 SIN Chew Jit Poh chalked up a fantastic premium on it* debut in a quiet and ■lightly easy market on the Stock Exchange of Singapore yesterday. After opening at $2.23, the share raced to the day's high of $2.50 in brisk trading. It dipped to 52.47 at679 words
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Article392 1977-11-30 7 SHARE prices continued to show a mildly easier trend in light trading on the Kuala Lumpur Stock Exchange yesterday. Price movements were generally narrow and losses restricted to a one or two cent margin on most fronts. A few stocks, however, had appreciative gains on scattered392 words
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INTERNATIONAL STOCK MARKETS
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Article429 1977-11-30 7 HONOKONO: Share prices closed little changed in quiet trading, on lack of Incentive and with the Brussels textile talks still overhanging the market, dealers said. The Hang Seng Index rose 0.03 point to 418.16. Some buying support was seen for selected stocks In late trading. Among leading shares Hongkong429 words
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Article469 1977-11-30 7 TOKYO: Share prices closed higher in active trading with investors welcoming the cabinet reshuffle, dealers said. The Dow Jones average rose 27.06 to Close at 4.849.56 with volume of 260 million shares. The New Index close at 362.90. up 1.25. Active selective buying spread over many sections on hopes469 words
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Article505 1977-11-30 7 SYDNEY: The market turned firmer on renewed confidence the Government will win next month's general election, dealers said. The Sydney All-ordlnarles rose 5.72 points to 435.81. Among industrials, BHP gained 10 to 5.32. CSR 15 to 2.99 and TNT three to 97 cents, and banks were also firmer, with505 words
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Article159 1977-11-30 7 MANILA: The market closed easier, with turnover rising to 3.78 million pesos from the previous 2.98 million dealers said. Atlas and Phiiax lost three points each and other mining issues declined slightly, while in oils Traas-Aaia fell two points and others eased fractionally. Han Miguel lost two points while159 words
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Article122 1977-11-30 7 NOV Bah is Asia Fibre 280 -3 Bangkak Bank 391 -4 Bangkok Invest. 358 -14 Bangkok-Metro-politan Bank Bata BerhJucker 508 -14 Charoong Thai Wire 330 •3 Dumex DusttTham 320S Faber Merlin First Trust 342 -11 Oenera Finance 356S Indo-Thal Industrial Finance Corp 2185 -10 J And J Ho J98S122 words
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Article323 1977-11-30 7 AMSTERDAM: The market firmed In quiet trading and Royal Dutch led Dutch Internationals 0.80 guilders higher, dealers said. Elsewhere shares were higher with isolated exceptions. Hal was unchanged among transports where Ommeren led gains to close 4.50 up. NMB fell 0.20 in banks while IHC and Bijenkorf were also323 words
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Article148 1977-11-30 7 BRUSSELS: Share prices closed mixed to lower In quiet trading, bourse sources said. Traction, Asturienne, FN, UCB and Mosane tell while Hoboken, Cockerill and Cometra were little changed. UK mixed, Dutch higher and French lower. Gold mine shares rose with the London bullion fixing. i Petrofina and Its US148 words
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Article353 1977-11-30 7 FRANKFURT: Shares were mixed In quiet trading with buying Interest limited to only a few shares, dealers said. In steels, Kloecknerwerke rose 2.30 marks and Thyssen, which said It expects to pay a lower cash dividend in 1976/77 rose 0.80 marks. GHH rose 5.20 and Metallgesellschaft four marks. The353 words
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Article183 1977-11-30 7 MILAN: Stocks were mixed In quiet trading, bourse sources said Generate Immobiliare rose to 85.50 lire against Friday's 79 lire after agreement on a new salvage plan Olivetti Privileged and Anic were leading Industrials to show moderate gains while both Pirellis, Fiat, Snia Viscosa and Montedison were lower Sifa183 words
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Article403 1977-11-30 7 PARIS: The market was lower in quiet trading, depressed by the franc's weakness on the foreign exchange market and 1/8 point rise In call money, dealers said. Share prices were also affected by a poll published in the dally Le Matin showing the soclallst-communlst alliance still likely to dominate403 words
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Article298 1977-11-30 7 ZURICH: The market closed generally steady In qule.t trading with buying restrained by the renewed dollar (all, dealers said Swiaaair Bearer partially recovered recent losses, while among leading banks Kreditan•talt eased and Leu Improved. In financlals. CerlikonBuehrle Bearer firmed, but Its registered stocks closed barely steady. Among little changed298 words
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Article379 1977-11-30 7 JOHANNESBURG: Gold shares were firmer In quiet trading on both local and overseas Interest following higher bullion advices, dealers said. Gains ranged from five to 75 cents. Financial minings were marginally higher in line with producers. Elsewhere. De Beers finished two cents up at 527 Asbestos shares were about379 words
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Article309 1977-11-30 7 TORONTO: Share prices closed higher In active trading. The composite index was up about two points and advances outpaced declines22s to 186. The gold fndex climbed more than 35 points on firming bullion prices. Gold producers Dome Mine* at 65 and Campbell Red Lake at 36 rose 2'» and309 words
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Article1080 1977-11-30 7 NEW YORK: Stocks, higher near the opening and mixed much of the morning, were solidly lower In moderate afternoon trading. Analysts said profit-taking was the main cause of the decline, noting that the market had closed higher for five straight sessions They also said news the US trade1,080 words
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Article67 1977-11-30 7 FINANCIAL TIMES INDUSTRIALS Monday .464.5 Friday 466.0 Week Ago 475.3 DOW JONES AVERAGE INDUSTRIALS Monday 839.57 Friday 844 42 Week Ago 836 11 LONDON DOLLAR PREMIUM Monday #7* to 98% Friday 97 to 97W H.K. HANG SENG Monday 418.13 Friday 420.54 Week Ago 422 40 SYDNEY INDUSTRIALS Monday 374.1067 words
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Advertisement555 1977-11-30 7 For complete banking services, call: knit ef Aifwnci Clifford Centra 24 Refflet Place 322) Am C«miw«nl Banking Corpn Ltd 104/10* Road rfaTsSo.2: Alien Fairfifc-I<nk AG o»ii<ia« Union Shopping Cantra, Mananina Flm> 50 CoMyor Quay BangkVk Sank M 33/55 Maw Bridge Rood Bonque Nattanala De Pern o<erteot Union Shopping Cantra CoMyor555 words
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COMMODITY REPORTS AND PRICES
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Article400 1977-11-30 8 THE SINGAPORE rubber market yesterday opened Unchanged despite slightly lower London advices but later advanced half a cent on demand for forwards 4hd short-covering Interest, dealers said. Prices rose with December RSS One buyers closing the morning at 205.00 cents per kilo, up 0.50 cent400 words
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Article28 1977-11-30 8 Rubber: Nov 29 Singapore: December 205.50 (up 1.00 cent) Malaysia: December 205.50 (up 1.00 cent) Tin: $1,781 (down $15) Official offering: 270 tonnes (up 40 tonnes)28 words
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Article411 1977-11-30 8 -PRICES In cents per kilo yesterday: Noon Close (per kilo) (per kilo) xnt I R S S prompt f o b Buyers Sellers Buyers Sellers 204 50 205 5ftN 205 25 206 25N Int. 1 RSS Dec 1977 205 00 205 50 205 50 205 75 Int 1411 words
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Article118 1977-11-30 8 NOON SSR and SMR prices yesterday: HAS December January (Current Mth) (Forward Mtht I Buyers Selleri Buvera Sellers I 'SSR 20 (cents per kg) (cents per kff) (1-ton pallet) 198 50 200 50S 199 50 210 50N l SSR 50 •MRELB (l-lqn pallet) 196 50 108.SON 197118 words
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Article380 1977-11-30 8 HONGKONG. Tues. Trading In sugar futures remained dull and the market lacked Interest in line with the overnight quiet trend In New York, dealers said. July was untraded, while other months fell 0.03 to 0.12 US cents. Turnover was unchanged at 11 lots, mostly done near the close,380 words
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Article428 1977-11-30 8 THE SINGAPORE produce market remained quiet yesterday. Prices held slightly steady as both buyers and sellers stayed reserved. No demand was forthcoming for black pepper. White pepper traders received no pressure from outside sources to cut down their prices. There was some exporter buying on overseas consumer accounts.428 words
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Article349 1977-11-30 8 LONDON, Tues. Terminal coffee opened slightly easier. L4l to 116 down from yesterdays close. Volume was 182 lots. The biggest fall .was in spot November where trade liquidation was noticeable ahead of tomorrow's expiry. Other months were proportionately lower where commission house scale-down support was evident. Dealers said trading349 words
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Article83 1977-11-30 8 C.I F Rotterdam. US dollars per ton LONDON Malaysia 5 ffa bulk Jan Sumatra 5 ffa Nov Dec Jan Feb March April Nigeria 5 ffa bulk Sumatra Nov Zaire (Belg francs per kilo) Wedne«da\ 477 sir 550 sir 497 50 sir 487 50 sir 477 50 sir 45783 words
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Article244 1977-11-30 8 LONDON, Tues. Sugar futures finished the first call with losses from Monday night of C 0.50 to 10.85 per tonne. The London daily raws price eased ll to £104 while whites were unchanged at 1109. Dealers said the result of today's Syrian buying tender for two cargoes of whites244 words
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Article217 1977-11-30 8 THE STRAUS tin price in Penang yesterday was down MSIS to $1,781 per plcul on an official offering up 40 tonnes to 270 tonnes. Values fell due to higher volume of tin concentrates supplied by miners for clearance at the end month, dealers said. In LONDON, yesterday tin217 words
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Article434 1977-11-30 8 LONDON, Tues. Cocoa K) fell the t'4o limit In near il December after 33 minutes e of trading and the market n closed for the mandatory 15 y minutes. Futures had opened £1 to ie £11 higher, then fell n abruptly. Volume at the call n totalled 227 lots434 words
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Article206 1977-11-30 8 BANGKOK, Tues. Indicative prices for rice quoted here todav were: (In US dollars per tonne fob basis Bangkok I Whit* Rice: 100 pet Ist class 319. 100 Kt 2nd 305. 100 pet 3rd 299. 5 pet 289. pet 270. 15 pet m 20 pet 2#4. 25 pet 257. 35206 words
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Article149 1977-11-30 8 CHICAGO. Tues. Soybean futures yesterday accelerated their decline near the close to finish with net losses from 19** to 12*« cents a bushel. As in corn, commercial hedge selling appeared to be covering the past five days, instead of the usual three days, traders said. Brokers also noted commission149 words
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Article108 1977-11-30 8 CHICAGO, Tues. A late wave of selling yesterday pushed wheat futures to close at the day's lows, down 7-1/2 to six cents. Brokers said the decline, which had held around four cents net through much, of the session, accelerated In the final minutes as sell stops were triggered. Commission108 words
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Article338 1977-11-30 8 LONDON, Tues. Copper wire bars finished the morning showing losses of £4 per tonne for cash and 14.50 for Three Months. Values were shaded on the pre-market following the downturn at New York, poor physical demand and lower gold this morning, dealers said. The lack of followthrough to yesterday's338 words
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Article231 1977-11-30 8 LONDON, Tues. Silver lost 3.0 pence per troy ounce all round. The decline In gold and the downward drift In base metals prompted early liquidation although shortcovering was encouraged around the lower levels following the constructive bullion dealers' fix. Only 30 lots changed hands. On Monday, silver on the231 words
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Article360 1977-11-30 8 r, THE KILOBAR In h Singapore yesterday opened i- at 5512,267 and closed e higher at 5512.286 a In London, the metal opened at U*****.35/65 and E closed at U*****.50/80. a The London morning fix t was U*****.85. down $1.75 j from the previous fix. e Source: Singmas s360 words
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Article104 1977-11-30 8 LONDON. Tues. Lead ended the morning ring £3.25 down for cash and £3 lower for Three Months. Dealers said this market was easier overall with values initially depressed by lower copper and a subsequent attempted rally being reversed by trade hedge selling. Three Months traded in a range of104 words
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Article106 1977-11-30 8 LONDON, Tues. Zinc was t'2.75 down for cash and C 2 lower for Three Months. Quiet conditions existed for most of the morning with prices drifting slightly lower under the influence of copper and lead. Three Months traded from £296 50 dowm to i 295 per tonne. Ring sales106 words
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MONEY AND EXCHANGES
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Article584 1977-11-30 8 THE YEN continued to weaken against the US dollar in yesterday's forex market, falling by nearly 200 points, but dealers a reported considerable reslsy tance at about the 242.00 y yen level. T The reasons attributed to l yen's continuing decline were a reported surge in month-end Imports Into584 words
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Article58 1977-11-30 8 ACBC 7 Firmt Chicago C'< Alfemmr Bank 7 Citibank i Bangkok Bank 7 HSBC 7 Bank of America 7 Indoauei 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 Mitsui Bank 7 BankNacara OCBC •S Indonesia 7 OL'B 7 Chartered Bank L'CB 7 Chaae58 words
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Article170 1977-11-30 8 Asian rates I ASIAN currency deposit interbank raws as at close on Nov ay US Dollar* (Spoil Offer Bid 7 days 911/16 6 9/16 1 mth .7 6 7/8 2 mths 71/1# 615/16 3 mths 7 1/8 7 6 mths .7 3/8 71/4 9 mths .7 7/16 75/16 12 mths170 words
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Article48 1977-11-30 8 RANGE of prices offered by discount houses on Nov 29 Overnight 3'«S Call deposit 3U Clause Buying .Selling J-Month Treasury bills 31/4 31/8 3- Month Bank bills 4 7/8 4 3/4 3-Month CD 5 7/16 55/18 8-Month CD 5 7/8 5 3/4 Source: National Discount Co. Ltd.48 words
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Article142 1977-11-30 8 Euro rates LONDON. Tues. Eurodollar deposit rates were steady in quiet trading, dealers said. Among periods One Month eased to seven. 6-7/8 per cent on a loss of the Friday dealing technicality. Most other positions were virtually unchanged with One and Two Months slightly firmer. Dealers report slight rollover business142 words
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Article51 1977-11-30 8 FRANKFURT exchanges opening quotes on Nov 29: US 2 21(10' 70 fan x mt:m so st* 4 n.«7 ih:< f» M-n m S Fr 103 22/ 32 Lit 2 530/ 538 F Kr 45.70 80 N Kr 41 05/ 15 MtranilW 153 HKr i inn >ai 14.1 til "hi»*itu51 words
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Article197 1977-11-30 8 NEW YORK. Tues. The large US trade deficit reported yesterday morning was the major determinant of dollar rates, as the unit lost further ground against major currencies in nervous activity. Early in the session, the dollar was quoted somewhat firmer on speculation that the trade deficit would not197 words
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Article209 1977-11-30 8 LONDON. Tues. The r dollar recovered against most currencies in relatively active opening trading as operators bought back dollars sold after the announcement of the record US October trade deficit yesterday, dealers said. The dollar recovered to 2.1504/14 Swiss francs from a record low close here yesterday of 2.1415/30209 words
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Article124 1977-11-30 8 HONGKONG, Tues. The US dollar closed firmer against the yen and continental currencies in moderate trading as endmonth book-squaring and profit-taking after its recent decline aided a small recovery, dealers said. The US unit firmed to 241.35/55 yen from New York's 240.05/15 close but was below Tokyo's close of124 words
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Article70 1977-11-30 8 TOKYO. Tues. The dollar for overnight delivery closed at 241.90 yen, up from a 240.35 opening and 240.00 at yesterday's close, dealers said. No central bank intervention was detected, the dealers said. Combined spot trading volume was US$353 million. Forward dollar rates firmed on increased import covering, with volume70 words
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Article61 1977-11-30 8 AUSTRALIA/NZ exchanges quoted on Nov 28 AUSTRALIA US dollar 1 1337/1 1289 Sterling 0 6260/0 6192 Ninety-day air mall buying rates Sterling 0 6389 US dollar 1 1622 Ninety-day forward buying rates Sterling 0 8220 US dollar 1 1268 NEW ZEALAND: Sterling 0 5509/0 5479 US dollar 1 0042/061 words
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Article64 1977-11-30 8 ZURICH exchanges closing quotes on Nov 28. US 2 1400-1420 Stf 3 9047-9094 Can 1 9349-9367 D Mk 98 90-98 D Ft 89 56-80 F Fr 44 27-31 B Frtconv) 6 1523-1587 D Kr 35 15-18 N Kr 39 94-96 S Kr 44 87-91 I.IT 0 2443-2446 Anv Srh64 words
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Article374 1977-11-30 8 LONDON. Tues. Trading in the Eurobond market was light to moderate, dealers said. Straight US dollar bonds rose by up to 1/8 point while mark bonds held steady In routine trading. Eurobond prices quoted on Nov 29 Straight. Bid ()fr Nippon Fud Bank 7% 82 DSM (Holland) BNDEf Brazil)374 words
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Advertisement166 1977-11-30 8 9r-V Don't let the language barrier stop you from wider contacts m- u .nit** 3 V I od IV-> te \o \N rO le^ 1 o° v*° I S V>° S Je«° E555D \e^ 4^ v 1 t'A YOU SIMPLY CANNOT FAIL WITH VISAPHONE. Use it at home, while travel166 words
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TRANSPORT AND COMMUNICATIONS
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Article1491 1977-11-30 9 STEWART DALBY - Br STEWART DALBY FT PERHAPS IN no other field has Oman's modernisation programme been as spectacular as In communications and economic infrastructure. It is now possible to take a flight on any one of 14 international airlines to Seeb International Airport. Once through the modernFT - 1,491 words
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511 1977-11-30 9 NYT WASHINGTON. Tues. The Federal Aviation Administration (FAA) has been operating in a slipshod, highly questionable manner for years In several areas, the chairman of the House Government Activities and Transportation sub-committee charged yesterday. John L. Burton. D-Callf., made the charges as the sub-committeeNYT - 511 words
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Article628 1977-11-30 9 ARRIVALS Service Local Operator Number Time From TMA TL304B 0530 TPE MAS MH601 0715 KUL MAS MH682 0810 KCH SIA SQ101 0815 KUL MAS MH621 0850 PEN MAS MH607 0900 KUL MAS MH671 0945 PEN/KUL SIA SQ103 1015 KUL PAA PA847 1025 SFO/HNL/GUM GIA GA980 1030 HLP628 words
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397 1977-11-30 9 AP NEW DELHI, Tues. Prime Minister Morarjt Desal's Government has ordered tighter security on the Indian railways and at power stations, communications and other vital Installations. The move followed a series of accidents and fires that some authorities attributed to sabotage. They variouslyAP - 397 words
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Article, Illustration451 1977-11-30 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Centaur (1330 after Primera Peak) 42/43 Chung Ming (HOXH) (0600 after Samson) 23/24 Dalhaku Maru (JJYH) (0600) 19 Federal Lakes (after Temeralre) 3/4 Frotabelra (after Morshansk) 1/2 Kalkoh Maru (Car Carrier) (0700 35/36 Mul Kim (VPJJ) (0700) 27/28 Nedlloyd Klmberley (after Ayuthla) 10/11451 words
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Article187 1977-11-30 9 AP LONDON. Tues. Grain. South African maize and Mauritius sugar trades all reflected a generally steady tone yesterday, while quite active weekend timechartering bolstered otherwise rather thin fixture lists. In the Great Lakes, the •'Urania C." Received $20.50 (FIO) for a 15.000ton December 3-12 grain shipment toAP - 187 words
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Article143 1977-11-30 9 Reuter LONDON, Tues. British officials were confident today that Concorde services between London and Singapore would start on Dec 9 as scheduled although two countries on the route were opposed to It. A British Airways (BA) official said: "As far as we are concerned, we firmly expectReuter - 143 words
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Article62 1977-11-30 9 Reuter LONDON. Tues. Strapping reflecting waistcoats on camels which stray on to desert highways at nljeht can save them being killed by cars, says British actor Simon Ward. He has helped set up a business trying to export the coats to Arab countries. "It's an ecological venture."Reuter - 62 words
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Article1208 1977-11-30 9 THE market has been slow, but more and more fixtures are being done for the first quarter of 1978. For example, a 25/ 30.000 ton bulker Is required for late Dec. *77 with delivery In Indonesia, to carrv grain products, with redelivery in the Bordeaux-Hamburg range. There1,208 words
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Article120 1977-11-30 9 TOKYO, Tues. A 500.826deadwelght ton Ultra Large Crude Carrier (UIXXT), virtually the last such mammoth tanker built In Japan, has been completed and delivered to Its owner, Esso Tankers Co. of the US. The Esso Pacific was built at Arlake Yard of Hitachi Shipbuilding and120 words
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Advertisement289 1977-11-30 9 Youthful Activities even at your prime years Pollen-B is a unique food supplement made from natural bee-collected pollen known to legend as the secret of lasting youth.' It contains 11 vital cell-generating enzymes, 14 important vitamins, 11 minerals and 19amino-acids. Just one tablet a day taken regularly and continuously, it289 words
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Article, Illustration1526 1977-11-30 10 Prime Minister Takeo Fukuda of Japan has formed a new cabinet specially geared to cope with massive trade problems, specifically a huge surplus in its trade with the US and US demands that this surplus be trimmed as soon as possible. LEROY POPE paints someUPI - 1,526 words
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933 1977-11-30 10 LORNE BARLING - By LORNE BARLING FT LONDON: The undoubted success of British exporters this year, raising their volume by 10 per cent In the first three quarters, has been born of necessity, due to lack of demand In Britain. Conditions have also been favourable dueFT - 933 words
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Article, Illustration868 1977-11-30 10 COLINA MACDOUGALL - By COLINA MACDOUGALL FT LONDON: Just one glance down a Peking sldestreet at the shabby housing and humble food stalls shows that China Is still. a long way from urban affluence. While families with more than one wage-earner can Just about manage to pay the billsFT - 868 words
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Article, Illustration1250 1977-11-30 10 JOHN LEECH - Rhodesia's recent apparently conciliatory moves towards African majority rule were prompted by dire economic necessity as much as anything else, as JOHN LEECH reveals: JOHN LEECH FT SALISBURY: In a televised news conference for local consumption, In the run-up to the visits ofFT - 1,250 words
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Advertisement57 1977-11-30 10 NOW ON SALE at your regular bookshop. The phenomenal bestseller which has taken America by storm the story of a black American's search for his roots in Africa. ROOTS has sold over 1 1 million hardback copies since its publication and it is continuing to top the bestseller lists even57 words
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501 1977-11-30 11 Reuter MELBOURNE, Tues. The Australian economy Is expected to show continued moderate recovery during 1978, with a substantial slowdown In Inflation. In Its December quarterly economic review, the Commercial Bank of Australia said real nonfarm gross domestic product should increase by about 4 perReuter - 501 words
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654 1977-11-30 11 AFP KATHMANDU, Tues. The 26th Colombo Plan consultative committee meeting of officials was opened here today by the organisation's secretary general, Mr. 0.8. N. Pradhan. In his opening speech Mr. Pradhan emphasised the need for an "effective and well integrated rural development programme capable ofAFP - 654 words
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109 1977-11-30 11 AN AUSTRALIAN computer expert and lecturer at the London School of Economics, Dr. Robert Davenport, will conduct two seminars here next month. The first is on data analysis from Dec. 5 7 and the second is on distributed data base technology from Dec. 8109 words
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234 1977-11-30 11 Agencies SEOUL, Tues. Deputy Premier Nam Duck-woo will lead a 14-man South Korean delegation to the 12th Taiwan-Korea ministerial conference in Taipeh from Dec. 8-10. Mr. Nam, who is also the Economic Planning Minister, will confer with Taiwanese President C.K. Yen on issuesAgencies - 234 words
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248 1977-11-30 11 Reuter BRUSSELS, Tues. Common Market overseas development ministers yesterday gave the go-ahead for soft loans totalling US$3B5 million (SS9OB milllion) to the world's 36 poorest nations. The aid is the European Common Market's share of the $1 billion "special action" agreed atReuter - 248 words
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320 1977-11-30 11 MOTORISTS with telephone sets in their cars will soon be able, to place their calls by merely pressing a button which will automatically dial a precoded telephone number. If a channel is not Immediately available, the facility, to be Introduced In the second half320 words
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Article229 1977-11-30 11 AFP WELLINGTON. Tues. New Zealand will hold important talks starting next week with two countries which want a major share of the 320 km fishing zone when final allocations of quantities are made next April. The first talks will be with South Korea openingAFP - 229 words
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206 1977-11-30 11 AFP Reuter TOKYO, Tues. Japan's crude steel production In fiscal 1977 ending next March is likely to falisllghtly below 100 million tonnes reflecting a slump In the domestic economy and deteriorating export prospects. Steel industry sources said production in the first seven monthsAFP; Reuter - 206 words
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234 1977-11-30 11 THE PAINT Industry in South-east Asia Is growing rapidly according to the chairman of ICI Paints Division, Mr. D. Henderson. Mr. Henderson, who is in charge of 37 plants In more than 30 countries, is here with Mr. E.W.N. Jackson, the chairman234 words
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Article54 1977-11-30 11 AFP NEW DELHI, Tues. Tea production in India amounted to 360 million kg in the first nine months of this year. Announcing this estimate, the United Planters' Association of Southern India said the output during January-September represented 'an Increase of 45.7 million kg over the correspondingAFP - 54 words
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Article733 1977-11-30 11 STRONG GROWTH POTENTIAL Agencies SEOUL, Tues. Foreign banks are rushing to South Korea, evidently attracted by good business prospects In the Korean economy which keeps up a high level of growth. This year alone, the British Barclay and Lloyds, the Arab-owned Bank of CreditAgencies - 733 words
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Article394 1977-11-30 11 Reuter MANILA. Tues. The Philippines pledged today to increase by 25 per cent its contribution to the International Labour Organisation (ILO) in response to an appeal to member countries for more money. President Marcos made the announcement when he opened the ILO 17th Asian AdvisoryReuter - 394 words
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Article44 1977-11-30 11 Reuter KUWAIT, Tues. Kuwait and China are negotiating an economic and technical cooperation agreement. A Chinese economic mission, which arrived here on Saturday, was discussing the proposed accord in talks with the Kuwaiti Foreign Ministry, officials said here today. ReuterReuter - 44 words
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Advertisement309 1977-11-30 11 The first new idea in encyclopaedias in over 200 yean- Britannica 3, Britannica 3 does what no other encyclopaedia has ever done before: It serves the three basic needs of users in three distinct ways. That's what makes it the most useable reference work ever developed. That's why Britannica 3309 words
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Article844 1977-11-30 12 TOKYO PROPOSALS TO CUT SURPLUS Reuter TOKYO, Tues. Prime Minister Takeo Fukuda said today he planned to send one or maybe two economic ministers from his new Cabinet to Washington next month with proposals to reduce Japan's huge trade surplus with the United States. Mr.Reuter - 844 words
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726 1977-11-30 12 Agencta BRUSSELS, Tues. With just over 24 hours of negotiations left, the Common Market and South Korea have run Into a final difficulty which Is holding up an agreement to limit Korean texUle exports to the EEC. Informed sources said todayAgencta - 726 words
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Article, Illustration297 1977-11-30 12 IMITATION gold-plated orchids are giving a headache to the manufacturer of Rlsls orchids Setco, a wholly-owned subsidiary of Singapore Institute of Standards and Industrial Research (SISIR). The Imitations, passed off as genuine Rlsis orchids, have resulted In Setco receiving a spate of complaints by297 words
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Article804 1977-11-30 12 LONDON, Tues. Shares staged a technical rally after re- cent falls although trading remained very thin, dealers said. Long-dated government stocks generally maintained occasional rises ofto in subdued trading, while shorts were mixed to easier. Leading equities had gains ranging to I6p and at 3 p.m. the Financial804 words
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230 1977-11-30 12 SINGAPORE Airlines should Up new markets such as West Asia and the US if it is not to lose out to other national airlines. Making this suggestion yesterday, the president of the Singapore Hotel and Restaurant Association (SHRA), Mr. Lim230 words
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276 1977-11-30 12 LOCAL firms are still resistant to outside management consultants for fear of outsiders coming to know their secrets. This point was made by Mr. W.T. Uttlng, chief exective of PA International Management Consultants Ltd, who said that multinational firms here and276 words
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753 1977-11-30 12 Reuter GENEVA, Tues. The developed world should allow its uncompetitive Industries to decline and concentrate its resources In technologically advanced areas, a study by the Secretariat of the General Agreement on Tariffs and Trade (Gatt) suggested today, the opening day of the two-dayReuter - 753 words
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Article70 1977-11-30 12 1977 Ready Turnover ('000) Settlement Big Board Settlement Total Daily average Monthly Low High June July August Sept Oct Nov -to 25 54 3,484 1,484 1.801 2,245 Nil 521 682 524 640 NU 365 235 590 920 54 4,370 2,401 2,915 3,805 2.7 218 120 146 19070 words
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313 1977-11-30 12 CHARITABLE organisations which are full members of the Singapore Council of Social Service are now exempted from paying double road tax on their cars. Disclosing this last night, Mr. Ong Teng Cheong, Senior Minister of State for Communications, said that the relevant rules313 words
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Article141 1977-11-30 12 APPLICATION for the merger of the Singapore Contractors Association (SCA) and the Singapore Building Contractors Society (SBCS) has been approved by the Registrar of Societies. They will merge early next year. The alms are to improve standards-in the contructlon industry and to encourage tenders for Joint ventures of141 words
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Advertisement265 1977-11-30 12 If you know why, \ou would not resist an attractive offer of land in Canada. City of Longueuil is 19.5 sq. miles 60% land developed population 130,000 good link with highway substations. Land offered for sale is Cadestra 54-27 in the City of Longueuil situated 3 miles radius from Longueuil265 words
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Advertisement115 1977-11-30 12 State Bank of India India's largest bank ENTBtS SINGAPORE TO SERVE ASEAN State Bank of India begins operations today in Singapore with the opening of its first offshore branch in ASEAN. Backed by assets of US$9,OOO million and an international and domestic network of over 4,000 branches, State Bank of115 words
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