The Business Times, 14 September 1978
1978-09-14
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The Business Times
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Title Section11 1978-09-14 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, SEPTEMBER 14, 1978 50 CENTS11 words
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BRIEFLY...
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Article62 1978-09-14 1 AFP. PEKING, Wed. China is considering some fit tal changes in its economic system by tatroduclng the idea of allowing enterprises freedom to run themselves Independently. A theoretical article in the People's Dally yesterday said this "freedom" could only be exercised within a unified state plan. Such aAFP. - 62 words
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Article24 1978-09-14 1 Reuter. WELLINGTON, Wed. General elections will be held in New Zealand on Nov 25, Prime Minister Robert Muldoon announced today. Reuter.Reuter. - 24 words
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Article61 1978-09-14 1 Reuter. TOKYO, Wed. The Japanese Finance Ministry said It will draw up a specific plan to allow Japanese banks to place yen certificates of deposits. Japanese city banks have been asking the ministry for permission to place yen CDs on the Japanese capital market, but otherReuter. - 61 words
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Article77 1978-09-14 1 AFP. GENEVA, Wed. A plea for increased imports of Third World manufactured goods by industrial countries was Issued here today by the °X the General Agreement on Tariffs and Trade (Gatt). It challenged the contention that such Imports are a major cause of the economic crisisAFP. - 77 words
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Article63 1978-09-14 1 Reuter. BUENOS AIRES, Wed. The UN Conference on Technical Cooperation between Developing Countries ended yesterday with a historic action plan to boost progress In the poorer countries. The 38-point plan was approved by acclamation by delegates from 121 countries. A high-level meeting will be convened to setReuter. - 63 words
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Article82 1978-09-14 1 AFP. TOKYO, Wed. Eighty of Japan's 100 main export goods are being sold below cost at the current exchange rate of about 100 yen to the US dollar, Dalwa Securities, a Tokyo brokerage house reported. Dalwa in a survey said the products subject to below-oost export accounted forAFP. - 82 words
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Article81 1978-09-14 1 THE Singapore Bus Service (8B8) will spend $77 million over the next few years to Improve its service. Tills Includes the purchase of 100 doubleSof 68 100 lo ng-wheel base buses at a cost Qf $25 million. The SBS newsletter, Busway, said that the buses have81 words
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Article73 1978-09-14 1 $EW YORK, Wed. Stocks struggled higher early today as Investors waited for Congress to act on President Carter's energy programme and a tax-cut measure. Trading was fairly active. The Dow Jones Industrial average was ahead 0.78 to 907.22 around 11 a.m. EDT. Advances led declines, 654 to 451,73 words
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Chief Price Changes
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Article127 1978-09-14 1 Foils Most active FAN 575 -65 Haw Par 1.299,000 691,000 C AC 575 -50 Sime Darby M inMag 535 -35 UOB 388,000 ana nnn OCBC 1030 -30 G Securities Tronoh Mine* UOF UOB f Fiaton !M Coconuts Pu6lk Bank 740 318 420 300 300 304 -30 -28127 words
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Article, Illustration136 1978-09-14 1 Falls Most active OCBC 10.40 -.60 Haw Par 1,666,000 M Banking 5.2S -.55 S. Darby 1,394,000 C and C Ltd 5.85 -.45 Consplant 609,000 N Iron 8,00 -.40 F. Merlin 453.000 P Bank Fand N 3.00 6.20 0.05 -.38 -.35 -35 Total Turnover: 8.93 m S Trading136 words
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Article447 1978-09-14 1 PETER CHIA - The September 13 plunge »y PETER CHIA THE THIRTEENTH of September proved very unlucky for inveetore. With aau>puk telling across tlie boerd, share prices' alum pod yeeterday end the Straits Times industrial index suffered its sharpest fall sincc the grim days of 1973. The index yesterday cloeed at 396.93, down447 words
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Article839 1978-09-14 1 SOH TIANG KENG - «y SOH TIANG KENG ECONOMIC GROWTH In developing countries, led by Singapore and other nations In East Asia and the Pacific, continues to outstrip that in the Industrialised world. This is stated by the World Bank in Its 1978 annual report published today. However, the bank839 words
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Article480 1978-09-14 1 APP. THE Malaysian government Is to propose major changes in its monetary policies to promote Kuala Lumpur as a leading commodity exchange centre, said Finance Minister Tengku Razaleigh Hamzah. At a press conference yesterday, he said that such changes would be necessary to reorganise the moneyAPP. - 480 words
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267 1978-09-14 1 ARTHUR NG - iy ARTHUR NG HAW PAR Brothers International yesterday unveiled its interim results which showed continuing hefty losses Incurred by its marine division marring what would otherwise have been a good showing. Group pre-tax profit reported for the first six months ended June267 words
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583 1978-09-14 1 MANO SABNANI - •y MANO SABNANI JACK Chla-MPH has unveiled its Malayslanlsatlon scheme whereby all Its operating subsidiaries across the Causeway will be grouped together under a single holding company to 1 be controlled by Malay--1 slans. f In a Joint statement jyesterday, it was anj583 words
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Page 1 Advertisements
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Advertisement9 1978-09-14 1 TEACHER'S ROYAL HIGHLAND 12 YK \K OLD SCOTCH WHISKY9 words
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Advertisement73 1978-09-14 1 ?%.>&@."~-;)!);</\>!=&,,~.{<(?} INVESTING in the jet Mt life on a Fijian bland 2 GERMAN Euro-bankers witch franc move* I PANAMA booata dripping fan*|e wotklwkle I LEE Kan Tky DAP* nv hope? HONGKONG stock mark* perilsr prosy srlty? AUSTRAL Enterprise switck to cocoa WORLD bend toeuae rise 7 par 2S3ii" flnt he73 words
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Advertisement62 1978-09-14 1 Ml m s iwm im Hfch Ndonnanc* Cruising AM SanHn I Spaw willchangeyourmind With ITOXBII tapes you can have alt these problems solved plus the new epitaxial magnetic particle which can really give you new dimensions in v sounc experience. Perfected for the professional but enjoy by milfions-HlflXßif makes it62 words
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TRADE AND INDUSTRY
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253 1978-09-14 2 INSTANT Asia may be a worn out cliche in the tourism trade in Singapore but its novelty has certainly gripped a Hongkong property company. Gammon Properties will announce in four weeks its plans to develop a huge Asian trade centre In the Bay Area253 words
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Article, Illustration318 1978-09-14 2 THE FIRST International toy and handicraft fair In Singapore Toycraft '78 will feature more than 60 toy manufacturers from 17 coun tries. Some 70,000 visitors are expected to attend the fiveday fair (Oct 12 to 16) at the Shangri-La Hotel. The Director318 words
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Article, Illustration663 1978-09-14 2 SIVA ARASU - »y SIVA ARASU SINGAPOREANS who Invest In the Jet-set life on Taveunl, smallest island of Fi&WUI be able to move from turday Into Sunday by stepping over the International date-line which runs through Boqulu Plantations, a Jardlne Matheson development project. When Sunday dawns and663 words
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Article185 1978-09-14 2 ONE HUNDRED engineering and technical representatives from 35 airlines are expected to attend a commercial airline wheel and brake forum at the Shangri-La Hotel from Sept. 19 to 21. The forum Is organised by the aircraft brake and strut division of' the Bendlx Corporation (US).185 words
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Article54 1978-09-14 2 AN EXHIBITION of the best of Asian advertising for the past two years 1078 to 1978 will be held in Manila with the 11th Asian Advertising Congress from Nov 15 to 18. Advertisements from newspapers, magazines, television and radio, brochures, posters and dther materials are currently being54 words
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327 1978-09-14 2 SHOPLIFTING is on the rise in Singapore. Last year, 395 cases were reported, a 116 per cent increase from the 183 cases reported the previous year. The first half of this year also saw an increase with 210 cases reported, as compared with the 164327 words
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Article94 1978-09-14 2 FIVE lawyers from Singapore will take part In the seventh conference of the International Bar Association in Sydney from Sept 10 to 17. The Singapore croup would' be particularly Interested in business law meetlnp applicable to shipping, commercial transactions, transport, consumerism and advertising. The conference will be attended94 words
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284 1978-09-14 2 Reuter. THE LAOTIAN government estimated that flooding in the south of the country last month destroyed 43 oer cent of the rice crop and about 110,000 tonnes of rice will have to be found to make up the loss, according toReuter. - 284 words
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105 1978-09-14 2 Reuter THE TAIWAN Council for Economic Planning and Development urged manufacturers and traders to Increase their exports to Asean countries, the Central News Agency reported. Quoting a senior member of the council, the news service said Asean states are big potential markets forReuter - 105 words
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Article73 1978-09-14 2 THE International marketing manager of Data General Corp of the US, Mr. Larre Nelson, will arrive In Singapore tomorrow for a brief visit. Billed as a multl-mllllon dollar computer salesman for his successful annual sales achievements In the New England area of the UB, Mr Nelson will visit73 words
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Article, Illustration305 1978-09-14 2 ABN BANK (Algemene Bank Nederland) nu announced the appointment of Mr. C. Hageert as manager of the ABN Bank in Singapore with affect from Sept 11. He succeeds Mr. P. N. M. Qemke who will leave for England to open the new ABN office In Blrmlng« ham.305 words
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273 1978-09-14 2 AT LEAST 30 Malaysian businessmen will leave for South Korea next month to establish contacts with Korean manufacturers, exporters and manufacturers. This Is the number so far registered by the Korean Trade Promotion Corporation (Kotra) which Is encouraging Malaysian businessmen to visit South Korea during273 words
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Article282 1978-09-14 2 AGREEMENT has been reached in Kota Baru between tobacco growers, curers and companies on the provision of subsidies for the growers to buy fertilisers and for an increase of between M2O cents and 90 cents a pound (0.45 kg) for the price of tobacco leaves. The282 words
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Article361 1978-09-14 2 COURSES AND TALKS Sept 1-Oct 6: A practical apE roach to computerised mgt system (MIS), SIM. SIM Sept 2-10: The effective secretary, SIM, SIM Sept 5-21: Compensation and fringe benefits, Holiday Inn, P.O.D. Sept 11 15: Introduction to commerce, BITC, SITC Sept 11-22: Personnal Development Programme, Hilton, SIDO/361 words
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Page 2 Advertisements
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Advertisement47 1978-09-14 2 NOTICE THE BECHTEL GROUP OF COMPANIES WISH TO ADVISE THAT MR. V. I. SUBRAMANIAM IS NOT AN EMPLOYEE OF ANY OF OUR GROUP OF COMPANIES AND AS SUCH DOES NOT REPRESENT ANY OF THE BECHTEL GROUP OF COMPANIES THROUGH OUT THE WORLD. MANAGEMENT BECHTEL GROUP OF COMPANIES47 words
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Page 2 Miscellaneous
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Miscellaneous624 1978-09-14 2 CRYPTIC PUZZLE ACROBB 1 One possibly About to nil? (1-4) 0 Hop tome distance In two sections (5) 9 For sunny weather, though It can be seen as polar (7) 10 Samantha. drafted back inside (5) 11 Language the French can talk? (8) 12 As a writer, he had hli624 words
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OVERSEAS
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794 1978-09-14 3 Reuter OERMAN Euro-bankers are cautiously awaiting the outcome of a meeting later this week between the French Treasury and commercial banks about the re-opening of the French franc Eurobond market. The bankers said the role played by the French Treasury in a newReuter - 794 words
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Article230 1978-09-14 3 Reuter SWEDEN is seeking renegotiation of the US$l- (552.3 billion) sevenyear syndicated Euro-credit which It signed In March 1977. senior capital market sources in Stockholm said. The sources said officials at the Swedish national debt office, which handles Sweden's borrowing, had discussions last week with theReuter - 230 words
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Article, Illustration438 1978-09-14 3 When the CIA errs UPI. A US Central Intelligence Agency report last year that the Soviet Union will be importing oil by 1985 is wrong and *ii baaed on confused data from various Soviet oil fields, the Petro Studies Petroleum Consulting Company said in a report. Petro Studiea, an independentUPI. - 438 words
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WORLD IN BRIEF
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Article469 1978-09-14 3 Agencies VIETNAMESE Prime Minister Pham Van Dong will pay an official visit to Indonesia, the Vietnam News Agency said, but gave no indication of when the visit would take place. He is also expected to visit Malaysia and probably Singapore. Mr. Dong, who ended a five-dayAgencies - 469 words
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695 1978-09-14 3 rt to 9W per cent from the current 914 jj®* cei l by US banks is Imminent and may come as early as tomorrow. New York money market analysts said the increase appears already to have been anticipated, but even higher rates695 words
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177 1978-09-14 3 Reuter. THE CANADIAN Imperial Bank of Commerce raised prime rate to 10 1/4 per cent from 9 3/4 per cent yesterday The increase reflects the rise in bank rate, announced by the Bank of Canada on Monday to 9.5 per cent from 9 per cent.Reuter. - 177 words
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Article536 1978-09-14 3 NYT. FRESH evidence that oilexporting countries are experiencing a financial squeeze has come from the International Monetary Fund. The IMF has found that, as a group, the 13 members of the Organisation of Petroleum Exporting Countries registered a combined deficit of US$l.7 billion (Ss3.B billion) inNYT. - 536 words
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222 1978-09-14 3 Reuter. ZAIRE will catch up on copper deliveries lost during its three-month force majeure by the end of this year, a spokesman for Sozacom the Zaire metals marketing company said in Brussels on Tuesday. Current monthly production at between 13,000 and 14,000 tonnesReuter. - 222 words
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284 1978-09-14 3 AP, NYT. TWENTIETH CENTURYFox Film Company pleaded no context on Tuesday to a charge that It forced theatre owners to accept a less popular film If they wanted to show the box office hit, "Star Wars." Federal Judge Edmund Gilmlerl in New YorkAP,; NYT. - 284 words
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Article194 1978-09-14 3 Washington Star. IN A major victory for the American Justice Department, a Federal judge has ordered American Telephone and Telegraph Co to turn over to the government millions of documents It had wanted to withhold from Federal trust-busters. In what one Justice Department anti-trust lawyer termedWashington Star. - 194 words
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Article, Illustration297 1978-09-14 3 AP US SENATE Republican leader Howard Baker (above) conceded on Tueeday that he and other opponent* of the natural |u bill appear to lack the votes to beat the Carter Administration in a coming showdown vote. He said opponents probably will tryAP - 297 words
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187 1978-09-14 3 AFP THE DWINDLING chances that the United States will ratify the International Sugar Agreement by Oct 1 will mean a further postponement of the start of the agreement's stock financing scheme due to come into force on that date. To discuss the situation more fully,AFP - 187 words
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159 1978-09-14 3 Reuter. THE TASMANIAN government will impose double royalties on mining companies which earn more than Aslo million (Ss26 million) a year pre-tax, Treasurer Neil Batt said. Introducing the 1978/79 state budget, Mr. Batt said companies earning more than $10 million on sales of minerals from TasmaniaReuter. - 159 words
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Advertisement156 1978-09-14 3 We can open more doors for you than any other Canadian bank r < afi at Open the door of Canadian Imperial Bank of Commerce in Singapore and you have over 1700 branches open to you in Canada. What's more, as well as having the largest network of branches in156 words
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RAW MATERIALS
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Article501 1978-09-14 4 THE Singapore market closed quietly higher with October One RSS buyer quoted at 246.50 cents/ kilo, up 1.25 cents on Tuesday's close, dealers said. The morning market gained 1.25 cents on reports of overnight China acceptances and a sizeable Indian order of RSS Three and Four501 words
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Article311 1978-09-14 4 R A 8 price* in ctnti per kilo yeatarday: Noon (par kilo) Cloaa (par kilo) Int. 1 R.8.8. prompt f.o.b. Int. 1 R.8.8. Oct Int. 1 R.8.8. Nov Int. 2 R.8.8. UK/Cont. Int. 3 R.8.8. UK/Cont Int. 4 R.8.8. UK/Cont. Int. 5 R.8.8. UK/Cont. Buyer* 243.90 248.90 248.29311 words
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Article101 1978-09-14 4 NOON MR and SMR pricee yeetenUy ■AS 0«al (Canw ter tMtk) Novenber <for»4rd Mthl "IS* per kg) HZ* ||>W MR 20 (1-ton pallet) 119.00 SS1.00N aao.oo 221.OON MR SO (1-ton pallet) 217.00 I1I.00N 111.00 220 00N M.R.I.L.B. SMR 5 CV (1-ton pallet) Ml.00 233 OON >81.00 M1.00N101 words
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Article30 1978-09-14 4 Rubber: Sept 13 Singapore: Oct 246.50 cents (up 1.25 cents) Malaysia: Oct 252.25 cents a 2.25 cents) .M 51,891 Nup 990) Official offering: 180 tonnes (down 78 tonnes)30 words
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Article81 1978-09-14 4 BANGKOK rice prices were as follows yesterday: BANOKOK rlc* In US din p«r tonn# fob bMia. WhiuPriot 100 pet lit clm* 197.100 pet 2nd clan 383 100 pet 3rd clui 77, Bpct373.lopet 147, lßpet943.lopet 343. 28 pet 337 38 pet unq Broken: A-l Super 191. A-I Spcl 117, C-l81 words
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Article380 1978-09-14 4 OVERSEAB interest made for a buoyant produce market In Singapore yesterday. The pepper market, long subdued, came In for a good round of price Increases In the face of demand from West Asia. Pepper prices only started firming four days ago, gaining about $2.50 per plcul per day.380 words
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Article148 1978-09-14 4 SUOAR prices closed yesterday 0.22 to 0.26 US cents lower on commission house long-llquldatlon In quiet trading, with 24 lots traded. The easy tone was mainly attributed to continued lack of demand coupled with the report of additional prompt raw sugar buying by China at a discount to148 words
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Article188 1978-09-14 4 YARN and cotton In Honfkonf dollar*, spot exgodown Cotton Yam China: Blua Phoenix 20 a I .MO. 33* 2 020 40* 2.T20 (per bale of 400 Iba). PUaa Good* China: Butterfly and Globe brand unq. Drajon head unq. Five lamb* una, Flower and But* tartly unq. Flying geeee188 words
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Article111 1978-09-14 4 TERMINAL cocoa opened £7 per tonne lower to £5 higher and turnover totalled 365 lota In London yesterday. The market was Initially marked up by around £12 per tonne following the overnight trend In New York and on some renewed speculative buying Interest. However, they was a fair amount111 words
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Article74 1978-09-14 4 C.I.r. North Europaan port* In Ul dollar* par ton unlaaa otharwiaa atatad; LONDON Tuaaday htilwa Malayaia 5* ffa bulk par tonna Novambar Sumatra SH f fa Baptambar Octobar Novambar Oacambar January Nlgaria 6H ffa bulk stf 591 air unch 812 Mpd »r .flO/#C2 50 B90/SM.M pd unch 61074 words
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Article352 1978-09-14 4 COPPER wirebars finished Tuesday morning down C 3.5 for cash and £2.5 for Three Months. The market lacked any improvement In physical offtake In the morning and dealings were*featured by further heavy lending from an Influential quarter which widened the contango to £16.25. Three Months traded between £754.5 and352 words
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Article257 1978-09-14 4 LONDON silver finished mostly 0.2 pence higher on Tuesday. Traders said the steady tone was aided by the overnight close at New York and the trend In gold. Small scale short-cover-ing and the bullion dealers fix supported the market although turnover of 35 lots was about half carries. 81lver257 words
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Article395 1978-09-14 4 BUOAR future* yesterday opened £2.40 to £180 per tonne below Tuesday's 1700 hours level* in London. Turnover totalled 2,287 lot*. The market opened lower under local Belling, profittaking and long liquidation which waa met mainly by trade buying. Dealers aald most of the loaaea were recorded on the kerb395 words
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Article274 1978-09-14 4 ROBUBTA coffee futurea opened "ateady" £30 to £12 E»r tonne up in aalea of 572 ta In London yeaterday. Trade commission houae and dealer profit-taking contributed to the marketa early galna although beat levels were not fully maintained by end aeaalon. November ended the aeaalon £30 up at £1.553274 words
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Article77 1978-09-14 4 CHICAOO wheat futures closed on Tuesday moetly lower, down IK centa a bushel nearby but up 2* cents in deferred contracts, after a dull session. After a morning of nearly featureless trade, a commission house and a commercial firm became food buyers in the final nour. Brokers said another77 words
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Article105 1978-09-14 4 CHICAOO soybean meal futures on Tuesday maintained earlier losses to close off 10.70 to 10.30 a ton while oil futures fell O.SS to 0.03 cents a lb In most months but showed a slight gain in the August contract. Selling by a commercial associate house pressed oil prices in105 words
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Article76 1978-09-14 4 ZINC was up mostly £0.75 per tonne on Tuesday. The market held steady reflecting the trend In lead although the pace of trading remained slow. Three Months traded upto £328 per tonne on the kerb after ring sales of only 850 tonnes. ValuA advanced sharply after lunch on nervous76 words
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Article192 1978-09-14 4 THE Straits tin price In Penang rose MB3O per plcul to 11,801. They attributed the firmness to very strong demand from US, from Europe and locally, coupled with a higher London Metal Exchange. Sentiment was also helped by the sharp reduction in tin concentrates from miners and total192 words
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Article415 1978-09-14 4 THE kllobar in Singapore yesterday opened at 8*15,113 per kg and cloeed at 5515,1&. The highest and lowest of the day were $15,157 and $15,070 respectively. Prices rose from the opening but eased off towards closing. The tone was quiet. Spot gold for London delivery opened at U*****.40/207.80 per415 words
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Article82 1978-09-14 4 LEAD rose by £8.25 for cash and £5.25 for Three Months on Tuesday. This market advanced on trade «>coverlng against Continental and UK physical business, chart and some stop loss buying which took Three Months upto £357 per tonne. Continued market talk of an Imminent U8 producer price rise82 words
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MONEY AND EXCHANGE$
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Article497 1978-09-14 4 WITH dealers waiting for the outcome of President Carter's energy bill In Congress, the US dollar was traded steadily In a thin mtrket. The dollar opened and closed at about the sajas level against major currencies on the foreign exchange market yesterday. Against the yen, the US dollar497 words
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Article114 1978-09-14 4 Asian rates 1 ncy d*KMlt U m on Mpt 11 UIDatWi Offer •inl 11/11 i urban* 1ST' 66/16 ii/ii 6/16 111/16 i/a i/ie 1/16 N.rn. Da 6/14 {ft u/u 1 1/16 11/4 11/16 17/1 ■M.C IA.I i am t 11l/> 61/16 11ll/l< >7/16 11 If mthft 61/4 ia 1/16 rwMp114 words
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Article21 1978-09-14 4 THE average rat* at which Singapore banks are currently prepared to land tc their beet customers is 7.16 per cent.21 words
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Article43 1978-09-14 4 RANOt of arte** off«rtd by dlacoun' houM* on fleet 11: O* might 1-IS1 1 Ofcli (topoMU T JSH Qjjjm 3-month Buy** J-S3StP WU IVtt Bank bill* 7/10 ii/ii J- month CD 1/4 I/a ••month CO 7/t •a/« Source: National Discount Co Ltd.43 words
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Article87 1978-09-14 4 Euro rates LONDON Eurodollar deposit rates opened steady .around recent firmer levels yesterday although period rates up to Six Months were adjusted lower for the Friday start to dealings. Technical falls in fixed date deposits ranged from around 7/16 In One Month to 1/16 In Mx Months but the undertone87 words
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Article245 1978-09-14 4 THE dollar yesterday was marginally firmer In sluggish opening trading, with no fresh news to influence sentiment, dealers said. Backgrounded by the Camp David Middle East talks and expectations of further rises soon In US Blme rates, prompted by 8 commercial paper rate levels, the dollar maintained most j245 words
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Article277 1978-09-14 4 THE dollar on Tuesday closed marginally firmer against other major currencies in fairly quiet trading, dealers said. They said the market appears to be In a holding pattern as participants await developments from the Camp David Mideast summit, action on the energy bill now before the Senate, or277 words
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Article163 1978-09-14 4 THE US dollar for overnight delivery closed at 191.83 yen yesterday, up from a 191.70 opening. Trading was light with volume 8401 million. The dollar fluctuated fractionally In thin late trading with dollar demand and supply well balanced after an Initial decline reflecting Its overnight easiness abroad. The rate163 words
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Article115 1978-09-14 4 THE US dollar closed ite&dy in slow trading with some operators reluctant to open new poiltloni as they awaited developments from the Camp David Summit, dealers said. The dollar was quoted at 1.9960/70 marls, unchanged from Its closing level In New York overnight. It firmed narrowly to HK84.7460/ 500115 words
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Article37 1978-09-14 4 THE Monetary Authority of Singapore Invites tenders for a total of 125 million 91day Treasury bills to be issued at the option of the tenderer on any working day from Sept. 18 to Sept 22.37 words
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Article13 1978-09-14 4 AUSTRALIA Nt wrrtHMM quotaa "tnTi-im, 1.1471 BUrtS* *6177 SM"*" NEW ZEALAND: g»ar.sar13 words
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Page 4 Advertisements
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Advertisement155 1978-09-14 4 p' Don't lot th<? I«»nc|ii«»c|<? l)«»rrH?r stop you from wider cont.icts V 4 J o* >0 A V u>'^ cvA »s A< \»> \N r vt \4V I s »•&«> tt t*. nN G v«'^ > U O--I vc^ £^'1 iSSS w ¥3 +> vJ- J* Vsa 2 jCe> »>j155 words
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TRANSPORT
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Article, Illustration122 1978-09-14 5 THAILAND is major efforts to become the gateway to Indochina by increasing flights to Vietnam and opening flights between Bangkok and the famed Angkhor Wat ruins in Cambodia. Quoting a high-ranking Communications Ministry source, the Bangkok Poet daily said preparations are underway to negotiate an increase of122 words
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Article421 1978-09-14 5 Reuter, UPI. A DECISION to build further Concorde aeroplanes cannot be envisaged (or the moment, French Transport Minister Joel le Theule said In Parliament. The five currently being built have yet to be sold and there Is no short-term prospect of doing so. Meanwhile, JapanReuter,; UPI. - 421 words
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Article118 1978-09-14 5 AP. THE CHEAPER travel surge has made some British airliners distinctly scruffy, the state-run British Airways confessed yesterday. Cabin staff have threatened to strike next week in protest at working In aircraft they consider dirty and with faulty equipment like public address systems, catering facilities and lavatories.AP. - 118 words
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Article, Illustration420 1978-09-14 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Eaquillno (0700 after Yu Quan Shan) 38/39 Golden Hill (1500 after Klnf Luck) 24 Horn (0500 after Silver Lake) 29/30 Ibn Rushd (after Menestheus) 1/2 Kota Bahagla (1730) 10/lf Lycaon (after Hoegh Elan) 31/32 Melki (2100 after Oa Bal Shu)4s Pabloeverett (0600420 words
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533 1978-09-14 5 RAHIM KASSIM - Sy RAHIM KASSIM IN THE wake of the crowing concern over the escalating growth of flag-of-con-venlence "sanctuaries", Panama has embarked on a worldwide mission to boost Its image as a responsible maritime nation. Spearheading the drive Is the Panama Bureau of Shipping which has been533 words
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348 1978-09-14 5 AP, UPI. IN A move to protect America's environment against oil spills, the House of Representatives passed legislation on Tuesday to increase safety requirements for tankers. The measure, approved by a 366-6 vote, is similar to legislation already adopted by the Senate.AP,; UPI. - 348 words
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437 1978-09-14 5 Reuter. WATERSIDE Workers Federation (WWF) members at Australia's major ports voted to remain on strike until at least tomorrow when they will meet again, a union spokesman said. The national dock strike has stopped general cargo handling at the major ports since Monday.Reuter. - 437 words
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Article215 1978-09-14 5 UFI. NORTH American grain movement* to the Far But on a. single Toyeee Included the booking byDallchl of a 52,000-ton heavy grun-sorghum-soyabean loader for discharge In Japan after Sept 20 to 30 loading for which the rate of U5C11.96 wes realised a drop of around 10 cents onUFI. - 215 words
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Article177 1978-09-14 5 CALEDONIAN Macbrayße of Gurock, Sc•eland, will bo longer be troubled by Ike wide reafe of quey heights of Scottish Islaad ports when new paseenger/ vehicle vessel, C ley more joias its fleet. Claymore, a 450-dwt vessel launched last month at Leith Yard is able to carry177 words
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147 1978-09-14 5 AN INTERNATIONAL cargo transfer and aootu 6QUipiß6nt company, Micfrefor, hu Introduced a newly designed panel for car-deck construction on roro ships. The design, marketed onder the name Omega, permits a 25 per cent reduction of weight without loos of strsngih. Macgregor says that tike147 words
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Article80 1978-09-14 5 THE PORT of Singapore Authority (PSA) will be conducting a course on port technical services from Nov 6 to 21 The objective of the course Is to give participants an overview of port services In the mechanical, electrical, marine, civil and structural fields. It Is Intended80 words
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Article706 1978-09-14 5 ARRIVALS OpmtarNote Am VMi MAS MAS MH801 0700 KUL MH882 0729 KCH 8IA SQ101 0615 KUL MAS MH621 0840 PEN MAS MH871 0045 PEN/KUL MAS MH607 0845 KUL CPA CX710 1005 HLP RBA BI323 1025 BWN OIA GA980 1030 HLP MAS MH605 1045 KUL SIA SQ103 1045706 words
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Article272 1978-09-14 5 AP WEST German and American negotiators opened talks on Tuesday on a new aviation agreement amid signs that the two sides are far apart regarding civil air service between the two countries. The US delegation, led by Assistant Secretary of State James At wood, is expectedAP - 272 words
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Advertisement159 1978-09-14 5 COLLKTINQ Oriental Anticnej by Judith Moorhouse and Dries Blitz 21 Hamlyn Group, London. Oriental antiques have always fascinated collectors throughout the world, evoking as they do the exotic and Inscrutable East. It Is, however, widely believed that they are too expensive for the average collector. This myth Is perpetuated by159 words
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426 1978-09-14 6 MALAYSIA and Singapore look set for strong growth in 1979 and the following years. Singapore's surge ahead will have, as always, to be fuelled by hard selling both of products and investment-potential, hard won success that It Is. But Malaysia will glide upwards426 words
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Article242 1978-09-14 6 AN INORDINATE blanket of fear was cast around the stock market yesterday as the twoday fall in share prices gained momentum. Small investors were trouDled enough to sell and short sellers moved in to take advantage of the situation and accelerate the downwards movement of most shares.242 words
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Article, Illustration3557 1978-09-14 6 LEE LAM THYE, the Democratic Action Party's young politician, contested in the Kuala Lumpur Bandar constituency (one of KL's five constituencies) in Malaysia's July General Elections and won with a 21,700 majority. Barely 32 years old, Mr. Lee has already made a name for himself as3,557 words
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Page 6 Advertisements
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Advertisement14 1978-09-14 6 m A Mi HenkellTrocken The award-winning sparkling wine from Germany. Another quality product from14 words
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Advertisement52 1978-09-14 6 DflLVflfllUStf TtiffflsciriflTiom Just don't mitt ttMm at the ton Bar whliamay put sat thai r audtanca with tOair rhythmic sways of thair bailias to tha gantlanaaa of thair voicaa. Also on stage to a non-stop musical dallflM: Sonny Bala A Tlta Naw Tha Traod Conat rha Trand ConataMaOon DW rtjng52 words
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Advertisement64 1978-09-14 6 Hotel Royal-RAMAM Newton Road, Singapore 11. Republic of Singapore Telephone: *****1, Tetox: RS-***** Cables: HOTELROYAL igmpepop's Indonesian set lunch daily for lovers of spicy food and our speciality IK AN MAS. Try our most-talked about air-flown steaks for gourmets. A special International Buffet from 12 noon to 3 pm. every64 words
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Advertisement102 1978-09-14 6 Delicious food at its most glorious awaits you at 'J-jluuittrlrrr A h'Mint v of he jiifiYiit von .if t h 4 |||t M If f 1 .ist !I if mo >? vim iot h a nMsfii p»c» t-s of ijK.pr, "'Kinq. sip i|<>v .1 Irisijiclv <11fi(■« ■i i,ii< h. 131j(102 words
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Advertisement23 1978-09-14 6 r >•- '***?>■ ,~r m. f ■> I EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253623 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-09-14 6 OUTLOOK for Singapore from 6 a.m. to noon today: Scattered showers around midday. Report for 24 hours prior to 7.30 pm on Sept. 13 at the airport: Maximum Temperature 28.5°C Associated Humidity 83 Minimum Temperature 22.7°C Associated Humidity 97 Hours of Sunshine 0.50 Rainfall in Millimetres 61.7 Total Rainfall for60 words
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Miscellaneous270 1978-09-14 6 SINGAPORE 5 7.00 Ramfaian Sukan (Malay) 7.30 News in Malay 0 7.45 Man From Atlantis C.W. Hyde with Malay subtitles 8.45 Science Report 9.00 The Good Life A Tug Of Forelock 9.30 News and Newsreel in English 0 10.00 Rhoda 0 10.25 Gunsmoke Matt Dillon Must Die 9 11.20 Ralph270 words
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Article, Illustration306 1978-09-14 7 LEE LAM THYE, the Malaysian MP featured In today's paper, Is In such popular demand within his constituency that even housewives call him up when they are planning to divorce their husbands, according to Kuala Lumpur sources. They obviously prefer him even to their mothers as306 words
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Article917 1978-09-14 7 W. WINFIELD MILLER - HK market peril or prosperity? FOBUM. ...on stocks fc—— MMumm It W. WINFIELD MILLER UPI SOARING prices on the stock and property market 1 has minted a boom times' mentality in Hongkong this polyglot International business Mecca of 4.5 million people. The bullish Hang Seng Index of share prices basedUPI - 917 words
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Page 7 Advertisements
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Advertisement295 1978-09-14 7 q&Sm .t M f -.^f 1 5; m-3 ,rf.vr^.m V'» ip»iptsr: m. N > if T -m Now, at the IMPERIAL BAR n v I *V» V II il':i i 1 Come, listen to the soothing sounds of Tony, Terry and Spencer at the Imperial Bar The most talked about295 words
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Advertisement66 1978-09-14 7 ORCHID INN 214 Duncarn Road, Singapore II Tel: *****2 HOTEL PHOtNIX SINGAPORE Orchard/Somerset Roads, Singapore 9 Tel: *****6 PENINSULA HOTEL Cokman Street, Singapore 6 Tel: *****1 RAFFLES HOTEL I*3 Beach Singapore 7 Tel: *****1/***** SHANGRI-LA HOTEL 22 Orange Grove Road. Singapore 10 Tel: *****4 SINGAPURA FORUM HOTEL 585, Orchard Road.66 words
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Page 7 Miscellaneous
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Miscellaneous35 1978-09-14 7 BriStoW' Ffanjt Dickens c*u. NfooesexF f\ FRieND"? WoU'Re. NO OF roiNt, DRoPPIKb iisl ITUKB THRT. LRST THIHG H€£D U*€*4 I SfiGPK ,H LPSTC' •s "to FinJD N|OU ON my sill UHISTUNG, ukw figfe ue uftmnG35 words
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INTERNATIONAL STOCKS MARKETS
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Article497 1978-09-14 8 EUROPEAN MARKETS SHARES in Brussels dosed mixed to moethr higher In lively trading on Tuesday. Lambert, Viellle Montagne, FN. Solvay and Acec roee, but Electrobel. UCB and Cometra were lower. Oold mines rose. In foreign stocks, UK and French were mixed, Qerman and Canadian little497 words
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Article91 1978-09-14 8 sew is Fr» FORWARD MARKET Acce 451 20 Arbed 2400 10 AsMr 778 -2 Briucan 497 -1 BnHamb 1585 +25 CSMPAC 988 •2 Cock 472 -4 De Beers 237 Ebes 2325 +5 El*otrobel 8800 -40 Ob-Inno-Bm 2365 15 G«Y 1400 +30 Hobok 2700 +20 Petro 3930 85 RylPutch Sldfp91 words
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Article188 1978-09-14 8 SEPT It Dm Aef-Telefunken AW> AlMLeben A1U Vers BASF Bay HT Wbank Bavli bank 84.10 31.50 895 515 140.90 294 337 143.10 309 80 227.50 425 293 232 77 320 268 166 306 250.50 224 189 137 120 220 117.50 166 139.70 49.20 176.20 152 1 -0.4 +20 +1188 words
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Article91 1978-09-14 8 9 jEkl2 Lire AlMR 105 25 -2.5 AaaaOen ***** +1300 BaM Ml +31 cBi 5000 49 2340 +22 VlSar 183 +3 75.23 unch IFlJrl 2551 +1 ItaZBncnU ***** -150 itdlags 810 +7 Italsfier 388 +11 Mafifetl M Pf 495 unch Marelll Ere 360 unch Medtob ***** +850 Mlr&lanxa *****91 words
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Article256 1978-09-14 8 SEPT IS Frs CORBEILLE Air-Liquids B 8 N Oervals Danone CSF (ThomsonCsf) CieFrancaise desPetroles Compagnle Financier* Compagnle Generale Credit Foncler De France Hachette (Llbralrle) Machines Bull Michelln (B) Paribas Pechlney Clglne Kuhlmann Peugeot' PtiUtpa<NvO«m Be zlt) Printemps S A Rhone- Poulence SA Royal Dutch SueKCte Flnan De) Thomson-Brandt Uslnor256 words
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Article178 1978-09-14 8 SEPT 11 FU ABN 384.00 -0.5 Ahokl 118.00 -0.5 Akso 34.40 •0.2 AMEV 02.40 ••■0.4 Am fas 117.80 ♦1 Amrot Bank 84 20 unch Bergou 88.00 •1 Rerk 101.90 unch Bols 78.00 -0.8 BorsumlJ 173 90 ♦2.5 Burhmann 78 00 unch Byenkorf 100.00 -0.5 Calve Delft 178.00 +2 Dell178 words
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Article181 1978-09-14 8 SEPT 12 Francs Actions Suisse* 267 -1 AlusutsaeBr 1155 -15 AlusulsseReg 505 -4 Brown Bowl Br. 1580 •25 Clba Oelgy Br 975 -IS Clba Oelgy PC 730 •15 Oba Oelgy Ret. 505 -4 Credit Suisse Br 2310 -30 Credit Suisse Reg 430 -1 Elektrowatt Br. 1950 George Fischer Br181 words
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Article1157 1978-09-14 8 NEW YORK INTEREST rate worries plagued the stock market on Tuesday as it tost ground In moderately active trading. Analysts said the market remains nervous about a slight tightening of credit by the Federal Reserve, and money market analysts said a quarter point rise in the prime1,157 words
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Article62 1978-09-14 8 FINANCIAL TIMES INDUSTRIALS Tuesday 528.4 Monday 524.3 Week Ago 903.5 DOW JONES AVERAGE INDUSTRIALS Tuesday 906.44 Monday 907.74 Week Ago 886.01 LONDON DOLLAR PREMIUM Tuesday 96 to 95* Monday 96 to 96* H.K. HANG SENG Wednesday 676.27 Tuesday 689.31 Week Ago 887.41 SYDNEY INDUSTRIALS Wednesday 466.86 Tuesday 466.3462 words
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583 1978-09-14 8 TOKYO Source: DBS-Daiwa THE Nikkei Dow-Jones average recorded an aO-ttme high res-' terday morning, owing to aotve buying by Institutional investors. Turnover and total sales value were relatively big. However, stocks in general lost their morning gains because of profit-taking near the afternoon close. InSource: DBS-Daiwa - 583 words
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Article331 1978-09-14 8 Source: SHK Sec BUOYED by continued bullish press comment overseas, the market opened better yesterday morning but began to slide towards lunchtlme. Turnover was comparatively low again as investors adopted a cautious attitude ahead of land auctions and possible interest rate rises. Some short selling was evident a phenomenonSource: SHK Sec - 331 words
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Article170 1978-09-14 8 8a* 11 Bangkok Bank.... Bankof AyudhayaLtd ThalDanu 970 906 until -19 Thai Firmer* Bank Thai Commercial Ml 990 004 ♦1 12 Bangkok Metropolitan Bank Industrial Finance unq 2 *7S General Finance 900 Bangkok Investment Sit until ♦0 -3 1,040 10 Lee Kwang Ming >11 2 Thai Insurance unq Safety170 words
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Article223 1978-09-14 8 BUT II OenU INDUSTRIALS A. C. 1 1S7 unch A.N.I 196 +1 A. P M 114 -1 Ampol Pet 8S -1 B. H P 834 -1 Bank NSW 714 BormJ 255 -3 Brtmbte* >03 +1 C. B. A MS -2 C.8.R 362 47< 14! 33! 2M S3 233 295223 words
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Article99 1978-09-14 8 SEPT 1* Peso* Aco}« Mining 00M 0002 Alias Con A AtluCon. B 21.00 -0 2 Baffulo Qold .011 unch Benguet Con B 38 50 unch BF Ooodrlch 22.00 unch CDCP 25 SO unch Inco B Landoll .016 unch Lepanto B .2425 -0.0025 Marlnduque B 6 70 -0.15 Meraloo 21.8099 words
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Article1629 1978-09-14 8 September 12 CHICAGO Board Option* Exchange volume eased to 132,824 contracts on Tuesday from 184,700 contracts. OPTIONS OCT JAN APL STOCK Alcoa 40 7 l/l 17/9 UNTRD 47 Alcoa 45 37/1 61/I UMTRO 47 Alcoa SO 11/4 S7/S J S/4 47 Am Tel 56 7M UMTRO UNTRO1,629 words
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Article238 1978-09-14 8 wart u Band DawmaAU A Alpha ISO ♦a 1M unch S» MM iSJ 2£h -J ar" MS 1MB +1 Currtt rmaae* M ii) DcBaaralnd IMS TO ♦5 Edgars 32S0B 100 Mi unch Fed VoUt irr ♦a 1*1* MB Otrttn vn Oienanl Owl-in III 310 unch Hippo Hrtald Hutatu MO238 words
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Article346 1978-09-14 8 SHARE prices closed lower In active trading on Tuesday. The composite Index was down more than 1W points with declines in eight of its 14 component groups. Losses outnumbered gains 290 to 196. Pop Shoppes fell to 5* following news that Venturetek does not Intend to sell its 54346 words
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146 1978-09-14 8 Reuter AKROYD and Smithers Ltd London Jobbers, said from Oct 1, it plans to expand its trading list of South African gold mining shares by about 30 companies, in addition to 15 larger producers. The firm said the expanded list will include stocksReuter - 146 words
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131 1978-09-14 8 Reuter. BRITISH Aluminium Co Ltd said dealings in its shares were halted on the London Stock Exchange at its request. It said Reynolds Metals Co Inc, a major shareholder, is disposing of its holding. British Aluminium said the placement of the Reynolds Metals Interest is beingReuter. - 131 words
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Page 8 Advertisements
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Advertisement140 1978-09-14 8 >"«S SOU MID UMITEI The Directors of Gold Coin Limited wish to announce that the unaudited results for the half year ended 30th June, 1978 compared with those of the corresponding period in 1977 were (figures in S$000s):GROUP COMPANY Ist January Ist January 30th June 30th June 1978 1977 1978140 words
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INTERNATIONAL COMPANY NEWS
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327 1978-09-14 9 FT PETERS VILLE Australia, the diversified food products group, has reported Its third successive record profit In the year to June 30. Earnings rose 35.7 per cent, from A 86.51 million to $8.84 million, on sales up 15.9 per cent," from $239.66 million to (277.81FT - 327 words
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263 1978-09-14 9 THE Manila-baaed Marinduque Mining and Industrial Corporation expects to complete negotiations next month on restructuring its debt. The nickel, copper and ceftient-producing company also reckons that rising cobalt prices could boost its second-half revenue substantially. Accordingly, Marlnduque is renegotiating a contract with263 words
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118 1978-09-14 9 UPI BROTHER Industries, Japan's top sewing machine maker, is setting up a wholly-owned sewing machine assembly plant In Kaohslung, Taiwan. A spokesman for the Nagoya-based company said the new firm, capitalised at UBB4 million, will create 400 Jobs for Taiwanese. Production of sewing machinesUPI - 118 words
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Article125 1978-09-14 9 AFP THE JAPANESE Mazda car maker, Toyo Kogyo. continued to suffer a decline In sales last month because of a steep fall in exports to the United States and Europe. Japan's third largest car maker blamed the export decline on the yen's surge In valueAFP - 125 words
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Article101 1978-09-14 9 Reuter. COAL and Allied Industries Ltd reported an unaudited consolidated operating profit of A1i0.70 million (15.55 million) for the year ended June 30 on turnover of Sl3S.ee million (SI 14.38 million) and other income of 82.10 million (51.32 million). Profit is after tax of 53.63Reuter. - 101 words
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720 1978-09-14 9 ASIAN FT THE ANNOUNCEMENT of the purchase by shipping magnate Sir Yue-Kong Pao and his family of a major holding in the asset-r! Ich Hongkong and Kowloon Wharf and Oodown Company for an estimated HK8450 million Is seen as a closing of ranksFT - 720 words
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Article411 1978-09-14 9 SONY Corp consolidated net income is sure to drop in the current year ending Oct 31 from 34.84 billion yen last year, though it is stiff too early to predict by how much, its managing director Mr. Klmlo Okura said. He also said consolidated net sawl411 words
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235 1978-09-14 9 ADELAIDE Steamshln Company, the Indus trial (roup which has been fellow lag aa aggressive diversification programme, has raised its dividend after a 21 per cent profit riao la the year to Jane SO. Group earnings lucre—ed from AM.44 mUlea to 15.17 million. The235 words
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Article30 1978-09-14 9 C. ITOH and Co Ltd mid It arranged for the Phosphate Chemicals Export Association Inc of the US to Mil phosphate chemical fertilisers worth U5818.2 million to China.30 words
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601 1978-09-14 9 f N AMKHICAN L NYT. AFTER a year's absence from the full-site car segment of the new car market, the Chrysler Corp launched production of three new top of the line luxury cars. Chrysler said It planned to manufacture 175,000 units of the vehiclesNYT. - 601 words
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497 1978-09-14 9 NYT GENERAL Motors Corp has reached agreement with the United Automobile Workers Union (UAW) regarding hiring policies that could make it easier for the union to organise workers at newer OM plants outside the great Industrial crescent. Mr. Elliott Kstes, president of OM,NYT - 497 words
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260 1978-09-14 9 HOLLAND Amerika Lljn (HAL) moved deeper into the red during the first half of 1978 Incurring a loss of U883.9S million at the net level compared to 82.11 million a year earlier. Tourism and trading improved their divisional performances but the weakness of260 words
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692 1978-09-14 9 UUKOPKAN FT NORSK HYDRO, the Norwegian metals, chemicals and energy group reported higher turnover and operating profits for the year ending June 30. mainly as a result of Its oil activities. Preliminary figures show turnover at NKr 6.83 billion or US$l.3B billion. ThisFT - 692 words
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Article78 1978-09-14 9 Reuter BO WATER Corp said its pie* tax profit came to £42 s million (£44.7 million) In the six months endad Jum 30 Turnover at £788.8 million (£849.8 million) and earnings per share lOp (12.1p). Meanwhile, Barsrisehe Versiaekaak says It Is to raise its capital shortly, but finalReuter - 78 words
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167 1978-09-14 9 Reuter RICHARD Costain Ltd expects 1978 results will reach new record levels. Last year the company made a record pre-tax profit of £36.21 million. The statement was issued with first half results which showed pre-tax profit up to 1'16.22 million from ti1.52 million inReuter - 167 words
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Article89 1978-09-14 9 f H( )NI >S<v L( )ANS Reuter TOYO Rubber Industry Co Ltd said It will float a 30 million mark five-year straight bond on the Oarman capital market with payment to be made by Sept Coupon and issue price will be decided before Sept 20 whenReuter - 89 words
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Article43 1978-09-14 9 Reuter. KLEINWORT, Benson Ltd and Socleta Flnanslarla Asslcuratlva (RAS Oroup) said they arranged a US$2O million loan to Credito Commerciale Spa of Italy. Terms were not immediately available. The banks said the loan will be used for Italian export finance. Reuter.Reuter. - 43 words
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75 1978-09-14 9 Reuter. NORTH-WEBT Industries Inc mid it obtained an additional US$l5O million ctandbjr revolving credit, raising the total of such commitment! to $880 million with 17 domsstlc and European banks. The company said the new commitments, with a 10-year term and an average life of nine years,Reuter. - 75 words
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Article64 1978-09-14 9 Reuter THI 40 million mark sevenSi sr convertible bond for tanley Electric Co Ltd will carry a 3-1/JT per cent coupon. Bond market sources said ths bonds are convertible at a price of $28 yen per 80 yen nominal share from Nov 1 this ysar at aReuter - 64 words
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Article69 1978-09-14 9 Reuter UNION Explosivos Rio Ttoto SA of Spain is raising US$BO million through eight-year Eurocredit with a four-year grace period. Euromarket sources said the credit carries a spread of one per cent over London interbank offered rates and includes a tax absorption clause. Westdeutsche Landesbank OlrosentraleReuter - 69 words
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53 1978-09-14 9 Reuter THI 100 million mark 10mr Eurobond for Petroleo BTtiilelro BA (Pttrobru) will carry a 7 p«r cent coupon and has been priced at par. A spokesman for lead manager Westdeutsche Landesbank Olrosentrale said the Issue has a fiveyear grace period and eightyearReuter - 53 words
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Article74 1978-09-14 9 Reuter. RANK XEROX Prance 8A group net 1978 profit will rise 17 per cent to about 130 million francs sgalnst 114 million lest year. The chairman, Mr. Roland Magnln, said sales will also rise 17 per cent to 1.8 billion. Word processing equipment has accounted for about 8Reuter. - 74 words
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Page 9 Advertisements
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Advertisement199 1978-09-14 9 c ov»«* an< The Foulks way means 1. Studying with the largest established firm of accountancy tutors in U.K. 2. Enjoying tha banafitt of ovar 00 yaari of tutorial axpartiM. 3. Baing informad of tha latast changes and currant avanta and topics of intarastand ralavanca through tha axclusiva "Foulks Lynch199 words
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DEALS DONE ON THE SES AND THE KLSE
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Article1520 1978-09-14 10 BID and offer prices officially listed and business In and reported to tbs Stock Exchange of Singapore yesterday wttli the number of shares traded shown in brackets In lott of 1,000 units unless otherwise specified. All Tune Settlement Contracts are quoted after the word "sett." Big Board deal1,520 words
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Article115 1978-09-14 10 4 1/2% 1/VM (250.000) (00. SOB 90.808) 4 »/4* IS/*/80 (250.000) (00.058 100.058) t V 4% T P IWBI-84 (250.000) (102.358) 7% 1/8/8* (250.000) (100.708 100 858) 7 1/4% 14/4/84 (250,000) (100.75B) 7 1/4% 18/14/84 250.000) (100.75B) 7 1/4% 1/5/87 (250.000) (100.70B) (4) 100.96 V 4* T P115 words
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Article41 1978-09-14 10 STRIKING prices of the stock options officially listed on the Btock Exchange of Singapore, the periods, bid and offer prices and business done yester- day with the number of options traded shown in brackets. Sime Darby (Sept $2.00) (2.008)41 words
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Article2452 1978-09-14 10 1978 High 1 Low Company Last Sale Gr s Div +or- SECTION ONE INDUSTRIALS Div C'tt Gr Y'W Net P/E Vol COOO) Day High Low 272 238 178 219 275 111 276 326 245 660 132 123* 112 133 195* 80 V, 162 173* 140* 258 Ac2,452 words
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Article144 1978-09-14 10 SINGAPORE UNIT TBU8T INCOMS BOND UNIT (!*■■■>■ i' pries tm Sept 14) (Oaefea* trim) The Commerce 2.M 2.M INCOMS BOND I.M 1.1S The Saving fund IJS0 1 58 MARA BUMIPUTBA FUND 8'pore Prot Fund I.M 123 (BlAiifan' prim tar flap! 14) 8'pore Security Fluid 8'pore Invert Fund ».04144 words
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Article1843 1978-09-14 10 BID 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. INBVSTBtALS AIM (S.SOB). Ajl»»m»t» (3.008). <lnw (3.468) (3) 1.40. Bata (3.708) XD.1,843 words
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Article, Illustration704 1978-09-14 10 BEARS ullmesad prices lower ea the Stock Kichtap of Slagapere yesterday. Near-pealc sol Hag slashed 12.58 palate eff the Straits Tlmss industrial iadez to SM.lt while the velatile Bnsinoos Times lades, which smellsrs the It amst active sleeks at the day. plaaged Ut.N points to704 words
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712 1978-09-14 10 PRICES came crashing down on the Kuala Lumpur stock market yesterday In the sharpest general decline since the boom began early this year. All across the board, nervous sellers were making a frantic bid to clear positions and the selling hysteria that712 words
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COMPANY NEWS
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Article, Illustration606 1978-09-14 11 MANO SABNANI - ■y MANO SABNANI JACK CHIA-MPH has taken advantage of the bullish stock market conditions and the high price of Its shares to complete the purchase of the second tranche of shares In Tung Yuan Enterprises. The second stage of the takeover of606 words
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Article61 1978-09-14 11 MAGNUM, Corporation: Group pre-tax profit 110.03 million ($7.77 million) for the first half-year ended June 30, 1978. Group sales 1162.79 million (9143.12 million). Tax 95.15 million (93.71 million), minorities 91.54 million (9843,000) leaving attributable earnings at 93.95 million (93.22 million). Extraordinary losses 91.28 million (nil previously). Parent company61 words
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Article257 1978-09-14 11 SIX British-incorporated companies under the Barlow Group of rubber companies Intend to amalgamate Into a new holding company. The six are the Bradwall (FMS) Rubber Estate, Chersonese (FMS) Estates, Majedie Investments Limited, the Muar River Rubber Company Limited, Sekong Rubber Company, and the Sungel Krlan257 words
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Article97 1978-09-14 11 HAW Par Brothers International has denied rumours that it was negotiating to sell Its 30 per cent stake In Island ana Peninsular. In reply to a query by the Stock Exchange of Singapore, the company stated that there Is no foundation to the rumours at all. United97 words
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Article337 1978-09-14 11 Carnal Ex Booka Date Total for Total for payment Data clOM payable the year previous yoar UOB SHI Aug 21 Aug 28 Sept 18 BH 12HH AlnHMn BP Sept 1 Sept 11 Sept 18 BH BH Bata Pa mt Prod MPro* Aug 17 Aug 29 Sept 28 8*337 words
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Article128 1978-09-14 11 Coapaay Particular! Ex Daw BookaC QMtbMpUk MMmd CMtaf MaUa Pallia lyitlMk RmIu Fabar Martla Bonua laaua of 1 far 4 Bonua laaua of lforl Bonua laaua of 1 fori Bonua laaua of 1 for* Boftua laaua of l fori Bonua laaua of 1 for 4 RlftiU laaua of128 words
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Article, Illustration361 1978-09-14 11 S.C. CHRAH - »r S.C. CHRAH MALAYAWATA Steel Berhad achieved a production record of 17,800 tonnes of steel bars In July alone the highest In the company's history, Its general manager Abdul Hallm Rejab said in Penang. The company, which Produces an average of 2,000361 words
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647 1978-09-14 11 P. GUNASEGARAM - ■y P. GUNASEGARAM AUBTRAL Enterprises, a subsidiary of Island and Peninsular Development, has decided to replant its remaining acreage of rubber (346 acres at Jerantut Estate) gradually with cocoa instead of oil palm "In view of the possible higher profitability." Chairman,647 words
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296 1978-09-14 11 THE earnings slid* at Guthrie Ropel rionood lath* second half of 1877 continued unabatad lata the Ural half of tha ourraat year thus resulting la a further profit erosioc. However, the elide le expected to be ehoofcod la the teoond half-year ae the296 words
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Article34 1978-09-14 11 SHAREHOLDERS of Associated Plastics Industries have decided to sell 2,241,000 shares of $1.00 each In Nylex (Malaysia) Sdn Bhd at 83 cenu each subject to the approval of the Foreltn Investment Committee.34 words
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834 1978-09-14 11 SUSAN SEVAN - ■y SUSAN SEVAN TRENaOANU Development and Management has now published Its report and accounts for 1977. The delay has given rise to criticism from a group of sublessees of the estates which TDM manages. The company says that the accounts, which show a834 words
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Article270 1978-09-14 11 ALEXANDRA Holdings Ltd: AOM to be held at 16th Floor, Rooms 1811/ 1812, Shlng Kwan House, 4, Shenton Way, Singapore on 8ept. 18. USroat Eastern Life Asauranoa Company Ltd: EOOM to be held at 18th Floor, OCBC Centre, Chulla Street, Singapore, at noon Sept. 18. jaek Chia-MPH Ltd:270 words
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Page 11 Advertisements
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Advertisement114 1978-09-14 11 M'l'l" ACCOUNTANTS, AUDITORS, COMPANY SECRETARIES, MANAGERS, ADMINISTRATORS, BANKERS, STATISTICIANS. The fast growing industrial and commercial sectors of this region are constantly looking for professional men and women to fill such challenging and highly paid posts. Do you have the qualification to fulfil any of these roles? If not then ACT114 words
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726 1978-09-14 12 NYT. PRESIDENT Carter's bud- get planners say that In his 1900 budget he will ask Con31tess to start controlling some of the uncontrollable Federal programmes and to scrap some programmes {U together. T With drafting of the 198 a budget about to swingNYT. - 726 words
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232 1978-09-14 12 Reuter. THE JAPANESE Finance Ministry has extended its [guidelines for Japanese banks' medium and longterm overseas lendlngs to include privately-placed bonds and medium and long-term Eurodollar deposits, retroactively to July 1. The guidelines enforced last July require Japanese banks to match fresh overseasReuter. - 232 words
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166 1978-09-14 12 AFP, Reuter. TIN PRICKS for forward! ilslliwj ami to mw rwtrd Imla fcr tka third MMMishw day on the Lomlm Mttol b* hi'n fotar* shortages bat foiled to hold bit levels. Havtac traded op to £7,100 (930,400) a tone for this position ssllsrs laterAFP,; Reuter. - 166 words
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588 1978-09-14 12 THE president of the American Textile Manufacturers Institute said the Federal government should not further reduce current tariff levels. Mr. Robert Small told the Northern Textile Association the US textile and apparel trade deficit Is now running at nearly US$5 billion (Ssl2 billion) annually588 words
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Article551 1978-09-14 12 THE CHAIRMAN of Cycle and Carriage, Mr. Chua Boon Peng, is being sued by his aunt and cousin for allegedly inducing them by fraud to sell him a total of 349,136 shares below their actual value. In separate writs served In the High Court on551 words
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Article700 1978-09-14 12 LONDON. Wed. Leading equities extended recent gains In -.moderate turnover, dealers said. At 3 pm, the Financial Times index was up 7.5 points at 533.9. Government bonds rose up to •i/2 point on speculative demand •head of the UK trade figures tor August to be published tomorrow, dealers700 words
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Article135 1978-09-14 12 NEGOTIATIONS on a proposed international fund to help stabilise major world commodity markets will resume In Geneva on Nov 14 for two after being suspended for nearly a year, Mr. Gamanl Corea, secretary-general of the UN Conference on Trade and Development announced. Although industrialised and135 words
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Article, Illustration846 1978-09-14 12 Reuter, UPI. THE U8 Federal Reserve Board Is making a conscious effort to restrain the growth rate of the economy to reduce Inflation, Fed chairman, William Miller said. He told a group of Georgia businessman at a seminar In Washington "slower growth Is betterReuter,; UPI. - 846 words
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Article444 1978-09-14 12 AFP, Reuter THE Japanese tax system research council, an advisory body to the Prime Minister, announced a tentative plan to introduce a general consumption tax In Japan to Increase national tax revenue and reduce deficit financing. The plan alms to tax the amount of totalAFP,; Reuter - 444 words
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Article401 1978-09-14 12 BONDS worth USSIB.B billion (over Ss42 billion) were floated in foreign and international markets during the first half of this year, a 7 per cent rise over the same period last year. Developing nations continued to Increase their use of international bond markets as a source401 words
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Article139 1978-09-14 12 THE Singapore Tourist Promotion Board Is taking measures to protect Singapore's Image as a convention centre. Part of this move calls for the introduction of some form of legislation to pre* vent dubious firms from setting up offloes here to organise «onventlons. The concern here Is that139 words
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240 1978-09-14 12 UPI. HEARTENED by Peklntfs assurance! that It la ready to accept international trading practice*, Britain?! banks and capital manufacturers are egpectlng large Increases In exports to China. Trade Secretary Edmund Dell predicted £s much as a four-fold lacrease in exports to ChlAa within threeUPI. - 240 words
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Article224 1978-09-14 12 THE PRESIDENT of Japan's Influential Federation of Business Organisations (Keidanren) said it is vital that Japan raise economic growth to 7 per cent this financial year, but warned the target might be difficult to achieve without further economy-boosting action by the government. Mr. Toshlwo Doko224 words
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Advertisement108 1978-09-14 12 NOTICE To the holders of the floating rate U.S. Dollar Certificates of Deposit due 16th March. 1081 of: A The Mitsubishi Bank, Limited D.B.S. Building. 6 Sbenton Way Singapore 1. We hereby certify that the rate of interest payable on the above-mentioned certificates of deposit for the interest period beginning108 words
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Article3579 1978-09-14 13 SCHBMLB A guide to ships loading at Singapore for Ports around the World Ttas foUowtnc list Übulatss, by port of desttnsUoolhrmmeafUieehlp.theehippins Uns tavotvsd, sod ttw wttmsisd dstssif trrlval snd dspsrturo from Slnfapor* port. ADD* Ben Onto. Sept 14/ Koto D%wi, PIL, Sept 14/11. Holstenstatn. Trtot. Sept 17. Ned3,579 words
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Advertisement304 1978-09-14 13 WRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA ■ihf wt'ug" T«fcnm Hantaom ft CrodlcM KMtaUMpHr T«t:W79»H SHIPPING ZZ SANKYO I.INEI AUSTRALIA SERVICE P.Mmi 1li«p»n Lntfit It NIPUHOOI 19/21 S«ft 17/11 Sat SYO.MIL.tta TUCRIVER 1/2 OCT STO.MIL MAVOREE2E 1/2 Oct 3/407 FIEM THREE STAR Oct 11/12 Oct STO.MCL.ttCL BANGLADESH SERVICE SEMLOOM304 words
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Advertisement163 1978-09-14 13 ja THAI MAWN€ LWf m^sr REGULAR SCHEDULED CONTAINER FEEOER SERVICE BETWEEN SMWORE/MMKOK KITISMMITV.U IM 10 SapC 13h* us fS.. MTISMWTVI9 Hhfl life* 2ZS#t lITIMMMTia »l*ta S«g< IM 10d momms/enqumici occm immitf t ciimnua ra. ito 21ST FlOOt, MMMM NOUtt. SMCHTM MM. TRANS-C-LINE «press :cntd op- service to' fc u'Opean tmancj163 words
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Advertisement216 1978-09-14 13 cTTTTe¥Wi: ■^"•«SIKtf O uS2: UMOR WtTMLM hiNrt MM MM UNION JEMAN 17/19 SapA— MM LORD STEAMSHIP CO. IX IMMN/STMni/TMMN EXPtESS UNO SC J-fO« f KELAM fEMM T.UWM LOON CMONC ..UW taNrt 15/HS* 22S*t LOON HSIM .NiPwt 1(/1SS#I 11/211* 2S S^t LOON FAT 21/22 S*t 23/25 IQd PHILIPINE ACE LINES INC.216 words
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Advertisement124 1978-09-14 13 NOTICES "LOON CHONG" VOY. f Arrived 8.1.U78 *t P.P. WktrfMwi No. W Oeneral survey on damaged cargo discharged ex the above vessel will be held on Friday 15th September, 1978 from 9.00 a.m. to 12.00 noon. No further survey will be held after this date. STRONG WILL ENTERPRISE (PTE) LTD124 words
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Advertisement11 1978-09-14 13 SEA n M LAND LARGER FA9TSR K CALL FOM OCT AHA11 words
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Advertisement821 1978-09-14 14 Pom II J^Hapag-Uoyd \m 2/10 EXPRESS CONVENTIONAL TO EUROPE Spwt P.Mlmi fm. mm tM '**1 B-fcavw Rtaii 17/ a is/9 10/10 t/10 17/ i 73/10 13/10 15/10 KS 2/10 4/10 25/10 21/10 2/11 11 29/10 31/10 S—• 0 !lf EK u/ii ff/!! ***** 1m 30/11 17/12 30/.2 4/1 25/12 2Y821 words
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Advertisement603 1978-09-14 14 barber blue seal BartwrßhieSea From: US ATLANTIC US GULF i EAST CANADA MM I Oct4/5 Od 19/ It Oct S/M IS* 25/30 Od7/5 Od 22/24 No. I/) BBS SartwrßfcjeSea No. 7/1 Terrier Sept 11/22 I Od 3/4 tart loiter "MENESTHEUS" 6 14, W 17-22/S* Barber BMW sea Tk CANADA/USA Pacific603 words
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Advertisement626 1978-09-14 14 LAND U.S.A./ ASIA SERVICE Mnr REFRtCERATED CONTAINER SERVICE SUM EVCR* MCCESORT FOR WWW W USA. CANADA. CAM MUM. MPM. (OKA. TAHNM. NOUS RON* THAILAMO MO PMtUfPMCS Vessel C.F .S. CLOSES Arrive 'Departs 700 PM WORLD TIGER V 9 SEPT 21/22 *PT 20 WORLD LION V 9 art 28/29 SEPT 27626 words
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Advertisement899 1978-09-14 14 tverett Lines I mgk Burma Fhrt Star SMppinf Ctrpn. Bk "BURMESE NATIONAL LINE" LOADING FOR RANGOON »v* vm m mix- waunK B.F.S.S.C Ajents in Malays* MALAYSIA R| Port Kelang Tel (38) 7355 Penang Tel. *****/***** #< P Compania Arf«ntini Da r m OUT ;Mal cs i cam* america "m TMH899 words
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Advertisement691 1978-09-14 14 I\K I H v.W I o SAIUA/q Hr /—-HP Orient Overseas C<micii*teA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) S'M* FMm| Sato LiHawtHMi IT daw tatwarp ME OOMU. 9N t" 15/9 2/10 3/10 5/10 7/10 9/10 tIinnUHUW 22/9 24/9 10/10 12/10 14/10 16/10 11/10 IUEIKkTEIBO 28,9 30/9 16/10 18/10691 words
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Advertisement1062 1978-09-14 15 OCL Overseas Containers Limited TO H/CWTMUT: pmmm m* CITY m Ell Ml MMI MT Mil MV ■■I EIPMSS II Not >•« comtamersnip service nw wtrnntm. H*krg Ma» U S'taa flWt P. ktanf V*M r »*W M«f* U.K. >1 Mat a Sapt It lit M kt IS M II kt II1,062 words
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Advertisement980 1978-09-14 15 Ben Ocean Ajautaerrva(BtoljnaM»nMmel(*enlmeandNSMO Mull OEHMHM 17/18 Serf 1 Set KM HIKMUIU M/M Bet 11 Hoc T> m MA WW LYCAM 0.11/1S Sept laertes 11/11 act LVCAM 11/11 Me FROM M/CBNTINtHT (Via ROM) Satis Europe Hml P. Mlonf S«MM<e POM 11 Sift 11/11 act Indonesia. MK. mm, onkapore i rnuiTi smppimo980 words
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Advertisement629 1978-09-14 15 SEN LINE um Jil J.IMMfT Mawa WM I (IMr/«M h1» Fm I SciWmrni AjVwr* ri in* nw h jrt w iT 2AMM alaM. II M n M kt H •'haver rmm ww ww L t*rm—l/boo* fclMi—'l fIMM AM IK 0««t. IP. bM r«M* For. itain "*2,1 ii f. lmfli tun629 words
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Advertisement740 1978-09-14 15 Scan Dutch V WESTBOUND TO MED/UK/ CONTINENT/ SCANDINAVIA MM. trout P MIMIf MtH,r 4 > IMCtiU U>M Ml HMfTIUa 11/ -K* FnMi from P Mitnf Vtsstl FtANCtSCA MM Ml DWT uiuiu i?/1 nrrunau FIMUK* 21/ r tUMMU My I rUMEKt 7/11 UMIt a/ t/n it/it M/u n/a 4/w «/n a/n740 words
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Advertisement569 1978-09-14 15 r GUTHRIE BOUSTEAD ag^OE's THE BANK LINE LTD. IMB mill tmu IM (MMKitiu, Rtwmon. OurtM, EL. P.C.. Caption) KumtM «ct Sp.™ 1/11 act P.Mia* ti/i» art mm cur a wn «mu fm imini —u P. Ktt3r.| 11/n let S port it/a Oft avisaci Fnt f r.hin $>*, expiess soma imect569 words
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Advertisement759 1978-09-14 16 ># K line KAWASAKI KISEN KAISHA. ITD irn m tr chmmt Snort P Kdm LHeere Wbarg If"** MM. M to tat IS to* 1 let S let W I II It MM. 12W 21 toft a toft Iffctl3irtt4«etl»«rtTTJc MZE WV a toft »toft MWJS2K2SSS EMinv sfct am n« an an759 words
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Advertisement749 1978-09-14 16 Vs V/ U.S.A./EAST MAM SOURCE ACCEPTING FCIACL CHTMMHS FMM HUM. P. SUM, SI laaMac tor ami, W*i ■U'U. *M I9IIWI P. K|||M "VIMM VIMUM" (MU SCI) WH W a/24 14/* Saft E.C./CREAT IMB SEMKE CALIFOMtA I PACIFIC IOITI WEST imum *m im man. sm wnu. tmmu. 1 ••J.I. UHMU PtAMSN"749 words
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Advertisement923 1978-09-14 16 ORIENT UNES LTD "FULLY COMTAINMUSID SttVICtS: s*pon r.M«c .""S? fZi r t3 MPT <W CMAL la tat IS Salt 1 Set Ito I let ckvaliei nm.t as* as* 2 E 2 E 2 E cwauei mze as* »s* S E NEFTME PEAIL S let Ikl 8 W »J? >« MEMATM923 words
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Advertisement582 1978-09-14 16 S AUOAYSIA" tNTEttNATtOHAI SHFHHG Co**o*AnoH MOIHAO EXPRESS FULLY COffTAINERfSED SERVICE TO/FROM MED/UK/CONTONENT/SCANOINAVIA HT —fc Mm BaoapMai Port Haato. HB. 1) Staff gum Km «It-Ma SUN rum* r»M* M«. Kin MM MM MM MM M M MM M rt SCIAMU MM MM MM MM MM H/ I 11/ I MM MM582 words
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Advertisement666 1978-09-14 16 INTRASCA iPTE LTC V i I'm t. UN n«k lii m hri n«« utm H-kwi/rtaa. act i att r- snintu/Mfniim/ MM 1 M I M R'*M/N-tar(/*wtaoN. WMU i^-auiiv-eww^mw \*Kansai Line $T*AITS/AIISTRALIA SERVICE S inpapwa F.WMI laaMffcrt WtTPO I. M 21 s«ft 2SSapt Brtstaae/SyCßay/ me l DOU mt t notUKK. KTUtU666 words
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