The Business Times, 22 September 1978
1978-09-22
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The Business Times
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Title Section11 1978-09-22 1 BUSINESS TIMES M.C.(P) No. 218/1/78 FRIDAY, SEPTEMBER 22, 1978 50 CENTS11 words
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BRIEFLY...
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Article100 1978-09-22 1 AP KUALA LUMPUR, Thurs. The establishment of a permanent secretariat for the Asean InterParliamentary Organisation (Aipo) will be discussed at the organisation's first general assembly In Singapore beginning on Monday. Malaysian parliamentarians, who will attend the meeting, said today that the proposal for the secretariat will be submittedAP - 100 words
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Article78 1978-09-22 1 Reuter. TOKYO, Thurs. Japan Line Ltd said today It will inaugurate on next Tuesday a thrlce-a-month cargo service between Yokohama and Singapore. The vessels will carry electric home appliances, car parts, textiles and miscellaneous goods to Singapore and return with light Industrial products and miscellaneous goods. TheyReuter. - 78 words
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Article85 1978-09-22 1 AP BANGKOK, Thurs. The Canadian government has Indicated its support for a large soda ash project Thailand's project under the Asean complementary industrial scheme a spokesman for the Canadian Embassy here said today. The spokesman said the Export Development Corporation, a state-owned financial institution of Canada, recentlyAP - 85 words
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Article77 1978-09-22 1 AP MANILA, Thurs. President Ferdinand Marcos declared a hands-off-industry policy for his government today except where private Investors can not be found for a particular project. Speaking on the sixth anniversary of his proclamation of martial law, Mr Marcos said; "It is now the policy of the nationalAP - 77 words
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Article55 1978-09-22 1 Reuter JAKARTA, Thurs. Vietnam and Indonesia today agreed to expand their trading links as Prime Minister Pham Van Dong held a first round of talks with President Suharto. Vietnamese sources said the talks between the two leaders would-continue tomorrow. They refused to disclose details of the exchanges onReuter - 55 words
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Article66 1978-09-22 1 UPI. BONN, Thurs. Chancellor Helmut Schmidt told Parliament today he regretted that the US Congress so far has blocked fulfillment of President Carter's promise to cut oil Imports. Mr. Schmidt asked Parliament to pass a record budget of 270 billion Deutschemarks (Ss3l7 billion) so that Germany can helpUPI. - 66 words
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Article69 1978-09-22 1 UPI NEW YORK, Thurs. Stocks were mixed early today as bargain hunters shopped among depressed blue-chip stocks. Trading was active. The Dow Jones Industrial average, a 4.41-point loser yesterday, was up by 3.21 points to 860.35 around 1500 GMT. The 50.58-polnt loss In the past seven sessions setUPI - 69 words
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Chief Price Changes
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Article127 1978-09-22 1 Falls Most active (.'arisherg Ol'BC IT AC K*N Ttianu Dev Supreme t'orpn M Flour ST P 1975 Straits Trading C*C 1'OB Kemavan DBS Rises St Steamship Intraco S Finance Msian Fmills Kempas 600 925 290 570 150 225 250 730 590 550 380 205 450 257 230127 words
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Article, Illustration153 1978-09-22 1 Falls Most active Min Sec 4 26 OCBC 9 40 CandC 5.50 Tronoh 7.20 Austral E 2.92 U O. Bank 3.86 F and N 5.80 Ungi 1.20 DBS 454 M Banking 5.05 Sg Best 6.50 Sentosa 1.70 N. Iron 6.05 Rises Carlsberg 6.20 Dunloplnd 4 46 84153 words
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Article1108 1978-09-22 1 RONNIE LIM - DEMAND LIKELY TO DOUBLE By RONNIE LIM THE BATTLE among can makers for the Hongkong market is hotting up. Close on the heels of the recent announcements by the US company, Continental Cans and Metal Containers (with Lam S6on interests) that they would be setting1,108 words
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Article152 1978-09-22 1 FINANCE Minister Hon Sui Sen is leading a fiveman Singapore delegation to the annual IMF-World Bank meeting opening in Washington on Monday. Currently, Mr. Hon is in Montreal for the Commonwealth Finance Ministers' conference which ended yesterday. Other members of the Singapore team to152 words
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772 1978-09-22 1 COLIN CHEE - By COLIN CHEE CHARTERED Merchant Bankers (CMB), Singapore's oldest merchant bank, is being restructured After the exercise It will take on a new face, and another merchant bank with a large paid-up capita) of $20 million will emerge. Within the next few772 words
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253 1978-09-22 1 THE profit decline at much-courted Singapore Finance is continuing despite improved sentiment in the finance industry. Yesterday, it revealed a sharp 26 per cent drop in group pre-tax profit to only $2.14 million for the year ended April 30, 1978, compared with the previous253 words
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Article413 1978-09-22 1 DUNLOP Malaysianjlndustrles Bhd (DMI) and Kedah State Development Corporation will set up a $28 million tyre manufacturing complex In Alor Star. Approval for the project has already been obtained from the Malaysian Ministry of Trade and Industry and final discussions and negotiations are taking413 words
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147 1978-09-22 1 Reuter. THE DOLLAR'S value plunged yesterday as the world's foreign exchange markets apparently ignored assurances from US officials about the basic healthiness of the American currency. As "tWe latest bout of currency unrest gathered momentum, those two traditional havens In times of monetary uncertainty goldReuter. - 147 words
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Page 1 Advertisements
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Advertisement37 1978-09-22 1 fSiW ODESSA OCEAN LINE FOR FAST EFFICIENT SHIPPING Coll the agent: Singapore Soviet Shipping Co Pft Ltd sth Floor, For Eastern Bonk Building 156 Cecil St.. Singapore I Cables "SOSIACLINE" Telex RS ***** Tel '*****33 (7 lines)37 words
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Advertisement118 1978-09-22 1 Your link to world markets When the world is your market you'll need a bank with international capability and service to handle your dealings efficiently and with a minimum of tuss. Whatever your requirements and wherever your business take you, we've got the right connections for vou. Whether you need118 words
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Advertisement68 1978-09-22 1 SHIPPING FOSTERING free trade FACTORS behiad interim through exhibitioas ia profit surge at Datnh Keramat 11 SISSIES JAPAN'S olj stockpiling MORE lajrestmeat opporschsuo eaaee ovsr*toanage 5 tunities la Benglsdesh 12 HOW TO Mat the basic aeeds TOKYO may restrict textile of the world's poor imports 12 MEMOPAD X, CROSSWORDS 1,68 words
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Advertisement289 1978-09-22 1 Is SING APORf BUSINESS V, i Ji*' r,:J -"1 4S.V i? .1 V& Wayfoong M AF. We make your money work for you "I've saved some money- now what" Jeanne Ho, Public Relations Officer "What say we talk security?'' Wayfoong MAF People work hard for their money, but most neglect289 words
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TRADE AND INDUSTRY
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602 1978-09-22 2 TSANG SAU YIN - By TSANG SAU YIN EXHIBITIONS held In Singapore will not only boost the pre-eminent position of the Republic as a regional convention and exhibition centre, but also help foster the ideal of free international trade. Politicians and bureacratlc experts have been spending a lot602 words
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Article, Illustration174 1978-09-22 2 SINGAPORE imported $113.3 million worth of automotive parts and accessories during the first half of this year, 12 per cent higher than last year. Australia's share of the market is about 4 per cent. The breakdown was given by the Australian Senior Trade174 words
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381 1978-09-22 2 THE PRIVATE sector in Malaysia described the Federal government's move to make the Industrial Coordination Act (ICA) less "cumbersome" as an encouraging and inspiring sign that positive action is being taken to Improve the Investment climate. Generally, businessmen Interpreted it as an initial step381 words
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Article245 1978-09-22 2 A SEVEN-MAN team from New Zealand will visit Singapore from Monday to seek Joint ventures and other cooperative arrangements. The mission will also assess the type of support Singapore can give to New Zealand companies wishing to set up manufacturing operations here. It Is245 words
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Article271 1978-09-22 2 MORE people are taking to repairing machines and equipment Instead of replacing them and because of this, companies which sell welding equipment and materials as well as provide training on repair work, have reported a significant rise in business. Eutectlc and Castolln, a company271 words
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Article266 1978-09-22 2 COURSES AND TALKS Sept l-Oct 6: A practical approach to computerised mgt Information system (MIS). SIM. SIM Sept 11-22: Personnal Development Programme, Hilton, SIDO/ Consulasla Sept 18 22: Introduction to marine Insurance SITC, SITC. Sept 25-29: Introduction to fire insurance, SITC. SITC Sept 26-Oct 12: Industrial Relations, Holiday266 words
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Article113 1978-09-22 2 THE second US processed food exhibition will be held at the Marco Polo Hotel from next Monday to Wednesday. It will glvelocal importers a chance to see the range of processed food available from us manufacturers. The US Department of Agriculture has selected 36 suppliers to113 words
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Article162 1978-09-22 2 SINGAPORE youths can now look forward to fairly cheap tours of Europe through a tie-up between Diners World Tour Royale Pte Ltd and Transit Travel. Diners World is a whollyowned subsidiary of Diners Club, while Transit Travel is Europe's leading under-39 tour operator. With the162 words
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Page 2 Advertisements
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Advertisement654 1978-09-22 2 Leader Page t Ideal for light industries For sale in Hillview Industrial Estate [Phase l): 17 choice factory units on freehold land fr w T i p n 2, PC -S rS Nr V > 0 m m *>J JH V > 4T3 I -T X :*< :V'. There's a654 words
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OVERSEAS
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210 1978-09-22 3 AP BRAZIL'S coffee crop next year may be cut 20 to 25 per cent from earlier prospects because of severe frost last month. The US Agriculture Department said that despite this, the 1979 harvest Is expected to range between 18 million andAP - 210 words
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649 1978-09-22 3 Washington Star. THE chairman of the United States Senate finance committee, Russell Long, said he will mount a new effort to kill the natural gas-prlclng bill, the heart of President Carter's energy programme, even though the Bill has survived its first test InWashington Star. - 649 words
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Article, Illustration386 1978-09-22 3 WORKERS, CHEW ON THIS AP. SUGAR was cheap In Mexico and rice was most expensive In India last year In terms of what workers' wages could buy, the International Labour Organisation said on Wednesday. It said the average Mexican worker could buy one kilogram of sugar with the money heAP. - 386 words
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Article624 1978-09-22 3 Reuter. THE BRITISH government will use every measure available, Including sanctions against companies, in an effort to implement its 5 feer cent pay increase guldelm* dating from last month, thief Treasury secretary Mr. Joel Barnett told the BBC. But he declined to comment on the government'sReuter. - 624 words
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Article268 1978-09-22 3 Reuter. BRITISH Chancellor of the Exchequer Denis Healey said that for Britain to Join a European Monetary System It want assurances that the scheme will not add further obstacles to economic growth, weaken the IMF or impose more strains on the US dollar. Mr. Healey said thisReuter. - 268 words
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WORLD IN BRIEF
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Article451 1978-09-22 3 Agencies. FRENCH President Valery Discard d'Estalng and Prime Minister Raymond Barre both went on air on Wednesday night to stress France's determination to be competitive in Europe. Mr. Discard said that Cabinet decisions taken the day before on reorganising the French steel Industry and creating a zoneAgencies. - 451 words
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464 1978-09-22 3 AP. THE FRENCH government announced on Wednesday a rescue and modernisation plan for the nation's near-bankrupt steel Industry which observers said amounted to almost full nationalisation. The big three steel manufacturers In France will be regrouped under new holding companies with Eidomlnantly state capl-AP. - 464 words
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Article221 1978-09-22 3 UPI CALIFORNIA Utilities has urged the US Federal Department of Energy to reach a decision by the end of the yea? en a proposal to import liquefied natural gas (LNG) from Indonesia. Gas consumers in the state should not face losing the long-term supply ofUPI - 221 words
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750 1978-09-22 3 NYT Reuter. THE US Federal Reserve raised short-term Interest rates on Wednesday. To signal this tightening move, the central bank raised the Federal funds rate the basic Interest rate In the short-term money market by 1/8polnt to 8.5 per cent. Its highest levelNYT; Reuter. - 750 words
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Page 3 Advertisements
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Advertisement188 1978-09-22 3 i 11 u rt--. iv;- r ~M'Z *Wl v > i vH s 5d r i. t <!-• »rjx r 1 iarv v Wi v 4:( v?-; r< **r ;'-1; ft ffiS3fcV.iW r View of Yihoyuan. Summer Palace in winter V fctAO 4 .sV x> ?Q »s V 40 TSINGTAO188 words
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Page 3 Miscellaneous
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Miscellaneous647 1978-09-22 3 CRYPTIC PUZZLE ACROSS 4 Suits best If restyled (6) 7 Like a furniture store detective? (8) 8 A beginner In the kitchen? 10 Just Imagine five hundred and twenty quires (5) 13 Does one reel sheepish wearing It? (4) 14 Garment modelled In Paris? (4) 15 Slowly go all floppy647 words
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RAW MATERIALS
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Article448 1978-09-22 4 THE Singapore market closed easier yesterday with October une Rub buyer quoted at 251.25 cents/ kilo, down 1.50 cents. The morning market lost 1.75 cents on lower London advices, profit-taking and some clearing out of the October position, they said. Prices rose slightly in early afternoon448 words
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Article349 1978-09-22 4 R.A.S. prices in cents per kilo yesterday: Noon Clc*e (per kilo) (per kilo) Int. 1 R.S.S. prorrfpt fob. Buyers Sellers Buyers Sellers 249.50 250 50N 249.00 250.00N Int. 1 R.S.S. Oct 251.75 252.25 291.25 251.50 Int. 1 R.S.S. Nov 255.00 255.25 254.50 255.00 Int. 2 R.S.S. 240 50349 words
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Article112 1978-09-22 4 NOON SSR and SMR prices yesterday: HAS October November (Current Mth) (Forwani Mth) Bu> erf Seller* Buyer* Seller* (cent* per k<) (a a 1 f NOON SSR and SMR prices yesterday: SSR 20 (1—ton pallet) 224.00 226 00N 225.00 227 00N SSR 50 (I—ton pallet) 222 00112 words
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Article31 1978-09-22 4 Rubber: Sept 21: Singapore: Oct 251.25 cents (down 1.50 cents) Malaysia: Oct 256.75 cents (down 1.00 cent) Tin: M 51.890 (down $15) Official offering: 185 tonnes (up 45 tonnes)31 words
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Article100 1978-09-22 4 CHICAGO wheat futures shot sharply upward in late trade on heavy commission house stop-loss buying on Wednesday. Prices closed 7-% to 6-'/» cents a bushel higher. The advance was halted near the close when a commercial firm" sold several million bushels of the December contract on a scale-up basis.100 words
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Article386 1978-09-22 4 QUIET trading prevailed on the Singapore produce market yesterday with prices holding steady. There was pressure on copra and coconut oil prices to ease as offer quotations in the Philippines were marked $25 per tonne lower. Copra prices were marked down $12.50 per tonne. However, prices here stagnated.386 words
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Article168 1978-09-22 4 THE sugar market closed 0.13 US cents lower In quiet trading, with 14 lots traded yesterday. Net open positions totalled 27 lots, while dally spot sugar price eased 0.15 to 8.00 cents. Remarks by the chairman of the US council on wages and price stability urged Congressmen to168 words
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Article194 1978-09-22 4 YARN and cotton In Hongkong dollars, spot exgodown: Cotton Vara China Blue Phoenix 20 s 1.880. 32 s 2.600. 46 s 2,700 (per bale of 400 lbs.) Piece Goods China: Butterfly and Olobe brand unq. Dragon Head unq, Fl»e Lambs unq, Flower and Butterfly unq. Flying Oeese unq.194 words
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Article199 1978-09-22 4 BANGKOK rice in US dlrs per tonne fob basis BANGKOK: White Rice: 100 pet Ist class 402.100 pet 2nd class 387.100 pet 3rd class 382. 5 pet 377. 10 pet 352. 15 pet 347. 20 pet 342 25 pet 332. 35 pet unq Broken: A-l super 197. A-l special199 words
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Article71 1978-09-22 4 C.I.F. North European port*. In US dollars per tonne unlets otherwise stated LONDON: Wedwday Malaysian 5% ffa bulk per tone November 810 sir 800 sir Sumatra 5* ffa bulk September «75tlr/M5/870pd 870slr October 835slr/830/83JSpd 62Sslr/822Vi November 825slr/810/820pd 625 62Qpd 812slr 80T ipd December 810slr/805/80Tipd 805slr/5»6/e00 January 802'ulr SOOslrMOpd71 words
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Article214 1978-09-22 4 THE Straits tin price In Penang dropped a further MS 15 per plcul to $1,890. Although with London's late recovery, conditions here still ruled easier following the gradual increase of tin supplies by miners during the past two days, they said. But some light consumer interest and buying214 words
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Article135 1978-09-22 4 THE Malaysia Minister of Finance has fixed these rates for the period from Sept 21, 1978 until further notice. Rubber 247 3/4 cts a kg., copra $1035.48 a tonne, palm kernel $955.75 a tonne, white pepper $4579.77 a tonne, black pepper $2870.09 a tonne. Rubber 58 1/4 cts135 words
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Article236 1978-09-22 4 SUGAR futures yesterday opened £0.95 to £1.70 per tonne down in London. Turnover was 693 lots. Dealers said the market again came under pressure from tired long liquidation which reflected uncertainty over the outcome of the US House vote on the domestic sugar bill which has been postponed until236 words
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Article264 1978-09-22 4 NEW YORK coffee futures on Wednesday responded to the Usda corrected report on 1979 Brazilian coffee crop prospects with a mild but short-lived upswing. Futures prices lnltlaMy rose some two to 2.50 cents, but quickly slipped back to show a net gain midday of about 0.75 cent In near264 words
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Article114 1978-09-22 4 Futures closed £6 down to £20 up on Wednesday. The afternoon market erased earlier losses on some Continental manufacturer physical demand and arbitrage buying support. The turnover of 4093 lots Included 1106 aelf trades. Cocoa futures closed 1.20 to 0.85 cent up with near Dec at 172.80 cents a114 words
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Article93 1978-09-22 4 IN CHICAOO, buoyed by good buying in oil and a strong spot month expiration, soybean futures ended 14-tt to 18 cents higher on Wednesday. The September contract expired at noon at $6.89-tt, up 24 cents, after a commission house bought several million bushels In what was believed to be93 words
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Article349 1978-09-22 4 COPPER wlrebars closed on Wednesday i» per tonne down all round on the day. Prices steadied in London partially after lunch under covering prompted by the earlier lower levels with New York a supporting influence, dealers said. The morning market had declined reflecting stronger sterling against the US dollar349 words
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Article271 1978-09-22 4 HONGKONG silver closed yesterday unchanged at HK5261.00 per 10 ounces In continued dull and featureless trading, dealers $aid. There were no trades recorded throughout the day, while fixing price was unchanged at $261.00. Silver on the LME was 0.7 to 0.9 pence per troy ounce down on Wednesday. Prices271 words
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Article481 1978-09-22 4 THE kllobar in Singapore opened at 5515,613 and closed at 8815,620. The highest and lowest of the day were $15,742 and $15,570 respectively. The market remained Inactive yesterday. Spot gold for London delivery opened at U*****.80/216.20 and closed at an all time high of U*****.20/50. The highest and lowest481 words
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Article66 1978-09-22 4 LEAD was mostly £0.5 per tonne down on Wednesday Afternoon prices virtually regained earlier losses under buying erompted by the mornig's lower levels with the steadier trend In copper and tin providing support, trade sources said. Morning prices were marked down Initially in sympathy with the trend in copper66 words
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Article40 1978-09-22 4 ZINC finished on Wednesday, £1 per tonne lower all round. The afternoon market steadied partially In sympathy with the general trend, dealers said. In the morning, prices declined under scattered liquidation prompted by the general downtrend In base metals.40 words
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MONEY AND EXCHANGE$
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Article455 1978-09-22 4 THE US dollar weakened against major currencies on the foreign exchange market yesterday as traders took stock of new developments around the Camp David agreement. The dollar opened 188.20/30 yen In the morning but heavy selling of the US currency brought It to a low of 187.70/80. By455 words
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Article204 1978-09-22 4 Asian rates Asian currency deposit Interbank rates as at cloae on Sn>t 21 1)8 Dalian (Spot) Offer Bid 7 days 1 mth 2mths 3 mth* mths 9 mths 12 mths .8 3/4 ..9 1/10 ..9 3/18 ..9 3/8 ..9 5/8 ..9 5/8 ..8 5/8 gv. fn. 9 5/8 9 15/18204 words
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Article21 1978-09-22 4 THE average rate at which Singapore banks arc currently prepared to lead to their beet customers 1• 7.25 pw cent.21 words
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Article36 1978-09-22 4 IANOE of price* offered by louses on Sept 11: Overnight 3W* Call deportta 3S* -month Treasury bill* S6/16 -month Bank Mil* -month CD 7 dlacou huff 17/16 17/16 17/t 115/16 Source: National Discount Co Ltd.36 words
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Article41 1978-09-22 4 FRANKFURT exchanges closing quotes on Sept 21: US 1 9000/15 Can *****/70 Stg 3 179/887 □n 90/S2 08 SFr 127 56/85 Lit 2 370/77 I FFr 44.89/9® Yen 1 0380/95 BFr (con) 6 342/52 BFr (fin) 6.0K/102 NKr 37 80^041 words
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Article172 1978-09-22 4 THE US currency went Into retreat at the outset of currency trading here yesterday, losing around two centimes against the Swiss franc and falling to within range of the two dollar level against sterling. It opened around 1.5160/ 80 Swiss francs while sterling traded up to around 1.9930/ 40172 words
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Article180 1978-09-22 4 THE dollar on Wednesday closed sharply weaker and at its lows for the day, dealers said. Sentiment ran strongly against the currency and at times selling was hectic. Sterling was one of the strongest currencies gaining almost two cts to close at 1.9810/20 compared with 1.9630/50 overnight. The180 words
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Article126 1978-09-22 4 DEALERS said sales of dollar export bills by Japanese traders to banks were smaller than expected yesterday, while traders and manufacturers here were delaying export covering. The market became cautious and anticipating higher bank rates In the US, including another possible official discount rate Increase, they said. Factors behind126 words
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Article98 1978-09-22 4 THE US dollar closed yesterday slightly weaker against the yen and Continental currencies In slow trading, dealers said. The dollar was quoted at 187.50/70 yen compared with Its 187.85 close In Tokyo and California's 188.05/15 close. It eased to 1.9500/20 marks from 1.9585/05 in the US and to 1.9840/5598 words
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Article60 1978-09-22 4 Euro rates LONDON period dollar deposit rates yesterday opened firm in reaction to the Fed's apparent tightening of its monetary policy, dealers said. Period deposit rates were re-adjusted upward after Wednesday's technical mark down and subsequent gains of 1/16 point were seen. Activity was quiet. Short-dated funds were steady to60 words
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Article50 1978-09-22 4 ZURICH exchangee doMg quotas on Sept 21: U8 1 5370-5396 Stg 3 0433-0493 Can 1.3139-3181 DMk 78.2906-4979 OF1 72.8919-2431 FFr 35.1797-2802 arr 4 8881 8881 OKr 28 4781-5489 NKr 29 8648-7088 SKr 34 8724-9450 Lit 0 1890-1863 A us sch 10.8318-8988 Port 3.3803-3970 Spain 2.08*2-0834 Art 0.18-28 Yen 0.8143-818350 words
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Article47 1978-09-22 4 AUSTRALIA NZ yaaterdlr *****/***** Sterling 0 5870/0 3004 Ninety-day air mail buying rata* Btertlng 0.8088 US dlrs 1.1897 Ninety-day forward buying rata* Sterling 0JW4 us am i ism NEW ZEALAND: Sterling 0.9374/0.9340 US dlr 1 0878/1 0978 Ninety-day airmail buying rataa: Sterling 0.9S88 US dlr *****47 words
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Page 4 Advertisements
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Advertisement171 1978-09-22 4 a? V h -V V T *«l •aflKfH CI I I rV- is** *i iiw i E@f Efficiency Plus Office furniture says a lot about the —i Look efficiency of the business it belongs to, furnil its management and its people. You'l Diethelm office furniture transforms theb dull offices. With171 words
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TRANSPORT
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445 1978-09-22 5 AP, Reuter. THE Hongkong-Europe Freight Conference yesterday announced a rate reduction to counter the lower charges of nonconference lines. Shipping sources In Hongkong said this could lead to a freight war if nonconference lines were to respond by slashing their rates further. However, the sourcesAP,; Reuter. - 445 words
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Article162 1978-09-22 5 AFP. A MULTI-NATIONAL hydrographlc survey will be carried out shortly on the One-Fathom Bank of the Straits of Malacca for the establishment of the proposed traffic separation scheme. Sources said the survey to be carried out by experts from Indonesia, Singapore, Malaysia and Japan, willAFP. - 162 words
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Article96 1978-09-22 5 AFP. KOREAN Air Lines will operate a regular service between Seoul and Colombo from next month, Mr. Choong Hoon Cho, president of the airline said in Colombo. The airline will operate one or two flights a week between South Korea and Sri Lanka starting from Oct 12. DetailsAFP. - 96 words
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Article, Illustration397 1978-09-22 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Almln (0800 after Iwate Maru) 18 Flliasa (after Pyramids U sails) 35/36 Frotarlo (1800 after Maritime Shoun It Rab) 15/16 Kota Mulla (0700 after Niaga V) 10/11 Lumut (1200 after Tapah) 21 East Mango Queen (after Tow Trader) 27/28 Nedlloyd Frazer (after397 words
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249 1978-09-22 5 AP. Reuter. THE worldwide trend to lower airfares is unlikely to continue for long because of increased labour and fuel coats, according to Boeing's chairman and chief executive, Mr. T.A. Wilson. Mr. Wilson told the Aviation Press Club in S" dney the mainAP.; Reuter. - 249 words
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Article69 1978-09-22 5 AFP TAIWAN bought two-thirds of all vessels sold for breaking-up in the first eight months of this year, the Shlpstats office reported in London. Of 10,420.000 tonnes sold for scrap, Taiwan took 6,920,000 tonnes a total of 168 ships. Spain bought 1,160,000 tonnes, Pakistan 632,500AFP - 69 words
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561 1978-09-22 5 THE JAPANESE oil stockpiling scheme, first announced In August, has roved highly successful, at east in the short-term. The scheme, primarily aimed at easing the excess very large crude carrier (VLCC) tonnage, provides for the Japan Petroleum Corporation to charter a number of VLCCs561 words
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718 1978-09-22 5 ALMOST US$25O million (*****.5 million) In savings will be passed along to passengers of a Continental/ Western Airlines merger during the first three vears of operation. The chairmen of the two air carriers announced this following the filing of the proposed merger with the718 words
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372 1978-09-22 5 LONDON'S troubled Upper Docks suffered a 32 per cent reduction of traffic In the first half of 1978 compared with the same period last year. The port's losses Increased from £3.3 m to £4.7 m (Ssl4.4m to $20.4 m). These interim figures, are372 words
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Article187 1978-09-22 5 AP STEADINESS prevailed In quieter freight market conditions on Wednesday. On the U8 Qulf-Japan grain trade small unlU made further rate progress when the Asia Morality secured U8822.50 (FIO)7or a 17,142-ton Sept 20 to 30 cargo, the best figure recorded this year. Great Lakes grain remained inAP - 187 words
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165 1978-09-22 5 Reuter NINE Arab oil states have rejected suggestions that a tanker company they Jointly own should receive priority In carrying part of their oil exports, the Saudi News Agency quoted the company chairman as saying. Speaking after a day-long meeting in Talf, Saudi ArabiaReuter - 165 words
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Article68 1978-09-22 5 Reuter. FRENCH air controllers will start a new work-to-rule today for an indefinite period, union officials announced. This new industrial action, after a summer of work-to-rule that left thousands of holiday-makers stranded at airports for •days, was announced after talks between unions from France's for alr-control centres AReuter. - 68 words
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Article762 1978-09-22 5 ARRIVALS Operator Naatar iSi Fnm CAL CISSl PAA PAOOS MAS MH0O1 MAS MH662 SIA SQ101 MAS MH621 MAS MH607 MAS MH671 CPA CX710 RBA BI323 OIA OA9M SIA 8Q911 SIA 6Q103 SIA SQ209 MAS MH0O5 OIA OA944 OIA OA906 OIA OA895 PAL PR501 OIA OA962 SN SN287762 words
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Page 5 Advertisements
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Advertisement140 1978-09-22 5 CIMTAT J Call us for you* local or M orward reservations CHJJ Rent-a-Car >,-, fT SINGAPORE AIRPORT m TEL *****5 m f\ v CITY TEL *****55 V,r (Of YOU NEED AN INTERCOM YOUR RECEPTIONIST NEEDS AN AIPHONE When you instai an Atphone In terrom System in your office, your Receptionist140 words
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Article369 1978-09-22 6 IF JAPAN should take restrictive measures under the multi-fibre arrangement to restrict Imports of yarn, fabrics and garment from developing countries, then It will only be committing the same sin as many other developed countries, notably those of the EEC, already have. But there is369 words
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Article249 1978-09-22 6 IMPROVED exhibition facilities in Singapore seem to have led to a boom in trade shows. Every month, one type of product or other is displayed for all to see, and millions of dollars are expended to ensure the maximum In patronage. But are trade shows uniformly as useful249 words
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Article, Illustration1880 1978-09-22 6 MAHBUB UL HAQ - POVERTY The poorest countries in the world can have their most basic needs met by the end of this century. But it will cost US$6O billion (Ssl3B billion) over 20 years, at 1975 prices. If developed and developing countries do1,880 words
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Advertisement197 1978-09-22 6 DflLVflruus a TttffflSCinflTols m 4T *s v HOtei ROyaiRAHADA J6PG RODm Just donl mlaathamatthatonßarwhilathay putaatatttairaMNancawtththatrrtiyttMnJcswaysof matr baiNaa te tha ganttanaaa of thatr votcaa. Mao on afaga to anon-alop mwafcaf (Might: »i— i lata > Tha Haw Maowglawa Tha Traad ConaMlattan Jlffll fw Indonesian set lunch dally for lovers of spicy197 words
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Page 6 Miscellaneous
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Miscellaneous60 1978-09-22 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers Report for 24 hoar* prior to 7.30 pm on Sept. 21 at the airport: Maximum Temperature 31.4° C Associated Humidity 60 Minimum Temperature 23.2° C Associated Humidity 97 Hours of Sunshine 7.10 Rainfall in Millimetres Nil Total Rainfall for60 words
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Miscellaneous258 1978-09-22 6 SHRWDTO SINGAPORE 5 3.00 PM Opeping announcements followed by Housewives' Matinee Love Between (Repeat) A Teochew feature film 4.45 Intermission 6.00 Opening announcements followed by December Bride Bald Baby 6.30 News in Brief 0 6.35 It's About Time 7.00 Persembahan Ku (Malay) 0 7.30 News and Newsreel in Malay 0258 words
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Article, Illustration1144 1978-09-22 7 A.J. SINGH; A.J. SINGH - In India, a concerted effort will be made soon to bring one of the basic needs literacy to 400 million Indians who cannot read or write. This new programme, reports A.«T. SINGH; is seen as a springboard for national development. A.J. SINGH,FT. - 1,144 words
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Article, Illustration231 1978-09-22 7 THERE'S an expatriate lady who's feeling a heel because of the tongue-lash-ing she gave a local shoe shop owner. Her husband had asked her to take a pair of his shoes in to have the heels repaired. She gave the shoemaker a hard time, pointing out231 words
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Article884 1978-09-22 7 JOHN DRYSDALE - FOBUM f ...on currency •y JOHN DRYSDALE John Drytdale is a direA tor of Asia Research Pte Ltt A PASS AOE that I read in a short report in the "South China Morning Post" the other day was heavy going, but I fastened on884 words
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Page 7 Advertisements
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Advertisement360 1978-09-22 7 rw S rj i V SI C v.« W New Japanese Restaurant KIKU^I serving authentic Japanese food Tep|\in \akki lemf xira Shashimi *suki\aki *ShabuShabu 1/11/1 1 JAPANESE -j I IVIIVIi RESTAURANT ORCHID INN Tel 531 1 22 214 Poad Singapore 1' Enchanted evenings in tine European tradition. Mirabelle t J360 words
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Page 7 Miscellaneous
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Miscellaneous41 1978-09-22 7 BriStoW if^AklkctenS 'U)6u. OONe' fl3of> Fuogc »s fx vepvce > onepeuy RJLUEP off JCB PfrO VJrt PvND THAT'S PiH eND TO 1T.... LET'S DVaoP SvjHOCHT vC V r ujism ujnepe? k \s Me how? GOMe OFF To Get P\ mGOBL S-XpyOC a41 words
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INTERNATIONAL STOCKS MARKETS
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Article542 1978-09-22 8 EUROPEAN MARKETS BB&OIAN share prices were mostly lover In moderate trading on Wednesday. Wagons-Uts roee, while Elector. Traction, Electraflna. Union mnlere, VleUle Montagne. Heboken, Cockerlll, Halnaat-Sambre. Socfln, Qevaert, St Roch, Andre Dumont and CBR fell. In foreign stocks, UK and US •ere lower. Germans and Dutch were542 words
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Article95 1978-09-22 8 SEPT M Frs FORWARD MARKET Acec 463 1 Arbed 2400 -10 Astur 780 -6 Brascan 475 -7 'u-Lamb 1830 10 Canpae 836 -4 Cock 472 De Beers 233 -3 Ebes 2315 +5 Electrobel 6810 -50 Ob-Inno-Bm 2375 +S >i: Oev 1478 -22 Hobok 2720 -50 Petro 3825 -45 Ryl95 words
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Article187 1978-09-22 8 SEPT Francs ActionsSulsses 2C5 -3 UusulsseBr. 1030 -30 Alusulsse Reg 475 -3 Brown Boverl Br. IMS -S ClbaOlgy Br 930 -5 t'lb* Oeigy PC 715 -5 Clba Oelgy Reg 582 -2 Credit Suisse Br 2330 -25 Credit Suisse Reg 425 -a Elektrowatt Br. 1840 -70 Oeorge Fischer Br 580187 words
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Article98 1978-09-22 8 *Hrr so Lire 'i>A&lc 113 4-2 AsjwacOen *****xd -9300 BStor Ml -33 5490 80 n»t 3130 148 Flnsider 225 +8.5 Geri Immob 92.75 -0.5 IFI Prt 3090 +39 Italcemenu ***** +3510 Itaigaa 858 +28 Italsider 460 ♦It Magnetl M Pf 595 +25 Mare III Ere 358 25 13.25 Medlob98 words
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Article210 1978-09-22 8 SEPT 20 Dm Aef-Telefunken 84 70 -0.5 Akzo 30 -0.5 Allz Leben 725 unch AllzVers 506 -10 BASF 138 70 -1.3 Bay H T Wbank 291 20B -1.3 Bay Vbank 337 +2 Bayer 141.20 -1.2 BBC 298 BMW 227 -3 1 Cassella 424 +9 Chem Verw 288 -5 Commerzbank210 words
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Article209 1978-09-22 8 SEPT ru ABN 387 00 -3.5 Ahold 115.80 -0.2 Akio 33 50 +0.4 AMEV 92 20 -1 Amfas 114.50 unch Amrot Bank 83 80 -0.6 Bergoss 65 00 -0 5 Berk 90 50 -1.5 Bois 78.50 unch BorsumlJ 165.50 -0.5 Burhmann 74.70 +0.3 Byenkorf 99.90 -0.3 Calve Delft 178.00209 words
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Article272 1978-09-22 8 SEPT Frs CORBE1LLE Air-Llqulde 348 unch B 8 N Gervals Danone 521 -1 CSF(Thomson--10 Csl) 320.10 Cle Francalse des Petroles 127.50 -0.3 Compagnie Financier* Compagnle General* 386 -3 Credit Fonder De France 385 -0.5 Hachette (Librairle) 255 unch Machines Bull 57. M >2 Mlchelln (B) 1300 -13 Pari Dai272 words
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Article62 1978-09-22 8 FINANCIAL TIMES INDUSTRIALS Wednesday 52®. 1 Tuesday 525.2 Week Ago 534.3 DOW JONES AVERAGE INDUSTRIALS Wednesday 857.16 Tuesday 881.57 Week Ago 899.80 LONDON DOLLAR PREMIUM Wednesday 90 to 90'/» Tuesday to 9314 H.K. HANG SENG Thursday 628.21 Wednesday .642.57 Week Ago 661.49 SYDNEY INDUSTRIALS Thursday unav Wednesday 475.5662 words
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Article79 1978-09-22 8 Reuter LEYLAND Vehicles said it viewed the outcome of a mass meeting of 1,500 striking machinists at Its Bathgate plant next Friday with cautious optimism after shop stewards decided to recommend the men should return to work. The strike, over the machinists' refusal to operate new machinery, hasReuter - 79 words
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Article558 1978-09-22 8 TOKYO Source: DBS-Daiwa THE market continued to decline yesterday centring on blue chips, reflecting Wednesday's bearish mood In the morning. However, some pharmaceutical and light-electrical issues were higher because of buying by institutional Investors Including mutual funds. Turnover continued light with an estimated 170 million shares changing hands.Source: DBS-Daiwa - 558 words
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Article377 1978-09-22 8 Source: SHK Sec WITH local Investors pondering the possibility of a Hongkong Land rights Issue and Its implications (or the market, turnover dropped sharply to 97 million and the market eased marginally. Selling increased In the afternoon with a fair amount of Institutional offers being taken by large localSource: SHK Sec - 377 words
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Article220 1978-09-22 8 8c* >1 Bake 47Bangkok Bank Bank of Ayudhaya IJ* 366 2A4 -s ThaiDtnu unq Thai Farmers Bank 354 Thai Commercial Bank 711 Bangkok Metropolitan Bank unq Industrial Finance Corp 2,595 General finance 310 Bangkok Investment 324 First Trust 304 Raja Finance 1.100 Lee Kwang Ming Trust 207 Thai Insurance220 words
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Article136 1978-09-22 8 SEPT 11 Cent* INDC8TKIAL8 A. C. I 185 ♦4 A N I 1 APM 120 ♦2 Ampol Pet B H P. 876 unch 42 Bank N8W •14 BoraJ Bramble* ♦2 Pioneer Con 190 -2 Repco unch Roth man* 2®5 unch Swan Brew unch T.N.T. unch Thies* 3 Tooth 193136 words
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Article80 1978-09-22 8 Reuter SAMUEL Montagu and Co Ltd said It has bought a 10 per cent Interest In Korea Kuwait Banking Corp, a Seoul-based merchant bank established last year. Montagu said the holding was bought at a price based on net asset value from Kuwaiti shareholders, Including Kuwait FinancialReuter - 80 words
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Article64 1978-09-22 8 Reuter. THE NEW York State Banking Department said Hongkong and Shanghai Banking Corp has filed an application for approval to acquire a 51 per cent interest In Marine Midland Banks Inc. The department's approval Is necessary for the bank to proceed with Its planned Investment InReuter. - 64 words
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Article577 1978-09-22 8 THE STOCK market closed cautiously easier on Wednesday, ahead of overseas reaction to latest development* on southwest Africa. OoW shares, after little Immediate reaction to the staement to proceed with elections in Southwest Africa, eased towards the close. Dealers said there was no evidence of panic selling. Volume in577 words
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Article1610 1978-09-22 8 September 20 CHICAGO Board Options Exchange volume expanded to 178,871 contracts on Wednesday from 143,294 on Tuesday. OPTION8 OCT JAN APL STOCK AlNt 40 91/4 0 1/2 71/4 44 5/8 Alcoa .45 1 9/9 31/2 41/2 44 5/8 Alcoa SO 3/8 16/0 UNTRD 44 6/8 Am Tel1,610 words
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Article1196 1978-09-22 8 NEW YORK STOCKS pushed lower to moderately active trading for the seventh straight session on Wednesday, after an attempt at a rally succumbed o worries about rising interest rates. Analysts said the rally grew out of the market's steep slide, but was too frail to1,196 words
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Page 8 Advertisements
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Advertisement179 1978-09-22 8 ONE GOOD PUBLICATION THAT'S worth a thousand watts li you're into hi-fi. you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints* filled with interesting and essential features for all hi-fi enthusiasts to Improve their listening pleasures. Wouldn't it be worth your while to make a mere179 words
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INTERNATIONAL COMPANY NEWS
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Article304 1978-09-22 9 Reuter AMERICAN Telephone and "Telegraph Company (ATT), parent firm of the Bell System, reported a profit of US$l.42 billion, or $2.09 a share, for the three months ended Aug 31. This compares with a >■ profit of $1.18 billion, or *$1.82 during the same periodReuter - 304 words
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Article147 1978-09-22 9 Reuter THE PILLSBURY Company announced It agreed to acquire Green Giant Company for cash and stock. In the first step of the transaction, Pillsbury will make a cash tender offer of U5537.25 a share for 1.8 million shares of Green Giant common stock. The offerReuter - 147 words
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Article106 1978-09-22 9 AFP. MOTOROLA of the United States Is in talks with Thomson-CSF of France on setting up a Joint electronic semi conductor project In France: The Financial Times said the talks were confirmed by John Welty, senior vicepresident and head of the Motorola semi conductor plantAFP. - 106 words
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196 1978-09-22 9 Reuter ROTHMANS International Ltd chairman Mr. David Nicolson said results for the first half of fiscal 1978 will be In line with those for the same period last year when turnover was 1853 million and pre-tax profit C3B million. He told the annualReuter - 196 words
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Article153 1978-09-22 9 Reuter. A GROUP OF large Institutional shareholders have defeated S. Pearson and Son Ltd's bid for the 15.02 million ordinary shares or 37 per cent stake In Its subsidiary Pearson Longman Ltd. which it does not already own. S. Pearson failed to get theReuter. - 153 words
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Article250 1978-09-22 9 Reuter UNITED Technologies Corp chairman, Mr. Harry Gray, •aid officials of Carrier Corp at a mooting an Monday told him they will consider his rger prop—l. United Technologies announced it offered to negotiate a merger with Carrier or alternatively to nak* a tender offer forReuter - 250 words
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760 1978-09-22 9 N.AMERICAN L Washington Star PAN AMERICAN World Airways (PanAm) has quadrupled Its National Airlines holdings with less than a week before a federal decision that could lead to a long and financially difficult divestiture. Authoritative sources say the Civil Aeronautics Board (CAB) will decide byWashington Star - 760 words
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408 1978-09-22 9 r < EUROPEAN Reuter THE DECLINE in chemical sales proceeds of Royal Dutch/ Shell group companies outside North America noted In the second half of 1977 has been halted so far this year, but in a large segment of the business, prices are unprofitable. Mr.Reuter - 408 words
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157 1978-09-22 9 Reuter. ROWNTREE Mackintosh Ltd said it expects the full year's profit, after higher interest charges, to show further progress, though at a more modest rate than In recent years. Pre-tax profit last year was C 41.5 million on turnover of £469.2 million. The company also reportedReuter. - 157 words
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Article260 1978-09-22 9 ENNIA, the Dutch insurance company, raised its net profit by 19 per cent to Fl 22 million in the first half of this year, from the level in the same period of 1977. The earlier forecast that the 1978 profit per share would show "some Increase"260 words
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136 1978-09-22 9 KEMANOBEL. the Swedish chemicals company, expects net financial charges In 1978 to offset Improvements at operating level, Mr. Ove Sundberg, managing director says. During the first half of 1978, group sales amounted to Skr 1.5 billion compared with Skrl.3 billion In the previous year.136 words
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Article259 1978-09-22 9 Reuter KOCKUMS AB faces either payments default or a direct takeover by the state, if it falls to solve its difficulties itself. Industry Minister Mr. Nils Aasllng said. He said in event of a payments default, Kockums would be reconstructed. However, if the state takesReuter - 259 words
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173 1978-09-22 9 BONDS&LOANS Reuter THE JAPANESE Finance Ministry said the Bank of Japan has closed bids for 300 billion yen of threeyear national bonds from yesterday. Results of the tender will be announced next Tuesday with payment required on Oct 6. It said. This isReuter - 173 words
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Article63 1978-09-22 9 Reuter ENTE Nazlonale Idrocarburi (ENI) Is negotiating a US$lOO million loan from a group of European banks to finance its international investments. Company officials said this new loan project follows the successful completion of a *200 million loan from a group of Japanese banks. Next year. ENIReuter - 63 words
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Article65 1978-09-22 9 Reuter THE French state railway company. SNCF, has signed a seven-year US$25O million credit at V» per cent over the London Interbank offered rate. Lead manager Credit Lyonnal* said the credit, which has a five-year grace period, was originally negotiated for eight years with a VfcReuter - 65 words
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222 1978-09-22 9 STANDARD OIL of California's (Socal) proposed merger with Amax has prompted a Senate Panel Investigation with a strong likelihood that hearings on the matter will ensue. A source at the Senate Anti-Trust Sub-Com-mittee is reported as saying that a preliminary investigation Is under way222 words
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Article102 1978-09-22 9 Reuter SHELL CANADA Ltd will soon apply to the Alberta government for permission to build an oilsands plant In the province, its president Mr. William Daniels said. Mr. Daniels said Shell plans to start its USJ4.I billion plant in 1981. It win have aReuter - 102 words
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Article58 1978-09-22 9 Reuter INOO LTD declared force majeure on copper shipments to Europe following a strike at its Sudbury, Ontario. copper-nickel facilities. A company spokesman said the firm produced some 150 million kg of copper last year. Output this year, however, was expected to be below that following productionReuter - 58 words
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Article250 1978-09-22 9 ASIAN Reuter i ELDER Smith Qoldsi brough Mort Ltd said every i group division lifted sates in 1 the year ended June 30 except the building materials division which reflected the building Industry recession. The group's pastoral house business earned about the same profit asReuter - 250 words
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142 1978-09-22 9 Reuter AMOCO Philippines Inc. a subsidiary of American Oil Co, has joined Houston Oil and Minerals Corp In a drilling service contract in the Philippines' central Luzon Plains. The Ministry of Energy said Houston Is at present drilling Its second well which ItReuter - 142 words
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125 1978-09-22 9 Reuter TWO Japanese firms, Nlssho-Iwai Co Ltd and Sumitomo Metal Mining Co Ltd, have reached basic agreement with CSR Ltd to jointly survey copper resources In South Australia. Nlssho-Iwai said a contract would be signed with CSR this month to survey resources north ofReuter - 125 words
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108 1978-09-22 9 AFP BROTHER Industries Ltd of Japan has received approval from the Ministry of Economic Affairs to set up a wholly-owned subsidiary in Taiwan to produce typewriters and sewing machines for home use, the export processing zone administration announced. The Nagoya-based company, Japan's leading sewing andAFP - 108 words
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91 1978-09-22 9 Reuter MITSUBISHI Electrtcfj&rp said it has acquired a M per cent stake in AWAVtoorn. Pty Ltd of AustratUMftom Thorn Electrical Ltd of the UK. AWA Thorn, capitalised at Aslo million, was owned equally by Amalnmated Wireless Australia Lt4,and Thorn Electrical be fonit he sale.Reuter - 91 words
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Article83 1978-09-22 9 Reuter ZUNO Co Ltd said lts. net profit came to HKtll.B million (no comparison), for first-half 1878, representing a 6 per cent increase over the same period last year. Interim dividend at 2V* cents (same) represents a 20 per cent increase over last year after adjustmentReuter - 83 words
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Article75 1978-09-22 9 Reuter THE AUSTRALIAN go-vernment-owned Commonwealth Banking Corp (CBC) reported a rise In group profit to A* 106.15 million in the year ended Juitt,3o, after tax and extraordlnarles, from $78.70 mittion the previous year. The corporation s&JA. its three operating banks, the Commonwealth Trading, Savings andReuter - 75 words
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Article53 1978-09-22 9 Reuter MINERS at the four centra) Queensland coal mines operated by Utah Development Qo have ended their 48-hour strikeThe men struck to protest at the company's failure to ratify certain provisions of a recently-concluded wage and conditions agreement. The matter has been referred to theReuter - 53 words
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Article50 1978-09-22 9 Reuter THOMAS Nationwide Transport Ltd annouiflßes a final dividend ofj-'/» Australian cents (sameX for the year ended Junw 30. payable Nov 13 to sAreholders registered on (M 13. making total nine <3nts (same).. 2 The company said IJJ expects to release its atSual results on Sept 25. R&terReuter - 50 words
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Page 9 Advertisements
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Advertisement84 1978-09-22 9 MITSUI TRUST Beacon of Progress '?*£> •>' r < L;: rri riiT77; ,V {j,l,: i ,ii,a MITSUI TRUST 'Mf MITSUI TRUV 4 PA NX IN<~. iM, Tf C' tagapore Representative Officc: Tower 1201, OBS Bldg., 6, Shenton Way, Singapore 1 Tel: *****53 elex: ***** MITUITB RS Cable Address: MITUITRUST SINGAPORE84 words
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IDEALS DONE ON THE SES AND KLSE
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Article1350 1978-09-22 10 ■5? y* on* prte* official!* listed *?d "d reported to the ®Ls%p«* day with the nuaiber of tfiarea traded Jhown tn bnttoti tn iota of 1.000 no- yjooi otherwUa specified Mtl* Settlement Contract! art quoted after the wort "am." Bl« Board deal (In lot* of 2.MQvitfta) are quoud1,350 words
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Article112 1978-09-22 10 4 V 4% IWM (250,000) (M.078 100 OSS) 0% IVVBI (2M.OM) (100 108 100.206) f 3/4* T P 11/1/81-64 (2M.OM) (102 358) 7% 1/8/ M (250.000) (1M.708 1M 858) 7 1/4% If/4/66 (250.000) (1M.758) 7 1/4% IK/10/M (250.000) (1M.758) 7 1/4% 1/8/07 (250,000) (1M.70B) 8 3/4% T P112 words
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Article2494 1978-09-22 10 j 1978 High Low Company Last Sale +«rGr'a Dhr Dhr Cvr Net Y'W P/E V»l Day COOO) High Low JtM. SECTION ONE INDUSTRIALS m 272 238 178 219 275 111 276 326 245 600 132 Acma 246 123* Alcorn 234 112 Allied Choc 147 133 BAT 1872,494 words
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Article150 1978-09-22 10 SINGAPORE UNIT TRU8T INCOME BOND UNIT iMntfi prion tar h|l a) (Carnal pi rten) The Commerce 2 30 2.44 INCOME BOND 1 08 1.19 The Saving Fund 1.44 1 S3 S'pore Prog Fund 106 l.llsd MARA BUMIFUTRA FUND S'pore Security hind l.M 2 06 S'pore Invwt fund 1.38150 words
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Article1150 1978-09-22 10 BID and offer prices officially listed and business m and reported to the Kuala Lumpur Btock Exchange yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. rivwitnaNi AJtowawt* (2 M»). MMMI (2.168) (1) 2.10 CI <*.7tS 0.82®) 0.831,150 words
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Article, Illustration661 1978-09-22 10 WEAKENING -yfldsnoa ma lit far a imfca M the Stock Exchange of Binfapore yesterday. The past two ralties riaee the Market plunged last week have flnkd out and the correction leeks headed 1 But analysts say that the market is still in a major bull661 words
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Article792 1978-09-22 10 LACK of buying support caused the Kuala Lumpur stock market to trace a gradual decline yesterday. Volume was also on the downward trend with only 5.74 million units worth MS 15.07 transacted against some 6.40 million units worth $17.99 million previously. Wednesday's slight recovery792 words
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L COMPANY NEWS
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LATEST RESULTS
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Article123 1978-09-22 11 Unaudited group pre- tax profit Msl.«s million ($1.09 million), half year ended June 30 on turnover $13.71 million ($10.75 million). Parent company pre-tax profit 910,000 680,000) on turnover 9.99 million (7.34 million). z Company said aD-'com-parative half-year figures were for the six months ended last Sept123 words
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Article26 1978-09-22 11 Unaudited pre-tax profit M 52.74 million ($2.53 million) for the half year ended June 30 on sales $26.1 million ($26.2 million).26 words
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Article16 1978-09-22 11 Unaudited profit for six months ended June 30, 1978 $621,379 ($753,884).16 words
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Article31 1978-09-22 11 SIME Darby Holdings has informed the London Stock Exchange that a meeting of the board will be held on Sept 28 to discuss the payment of a dividend.31 words
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Article, Illustration380 1978-09-22 11 SUSAN SEVAN - •y SUSAN SEVAN TIN smelter Datuk Keramat Holdings (DKH) has seen profits surge during the first-half of the current financial year which ends on Jan. 31, 1979. Pre-tax profits gained 64 per cent to $15.00 million in the six months to July 31.' The company380 words
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Article, Illustration821 1978-09-22 11 MALATAWATA Steel has somewhat reduced Its estimate of the dramatic rise in output expected to result from Its Installation of a modem rolling mill. In the latest annual report for the year to March 31, chairman Tunku Da to Shahrlman bin Tunku Sulalman reports that plans821 words
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Article416 1978-09-22 11 Current Ex Booka Date 1 Total for payment Date clnee payable the year previooayear Bata 8%I Aug 17 Aug 29 Sept 25 8% 18% Per Ua Plant 12V»%I Aug 30 Sept 12 Sept 25 12*% 22*% M'wata 10%TE(b) Aug 24 SeptS Oct 18 10%TE 10% TE Sel Dredge416 words
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Article148 1978-09-22 11 Coapujr Particulars Ex Date Botki CIqk Bonus issue of 1 for 4 Oct 16 Oct as CuU«| Bonus Issue of 1 for 2 Oct 18 Oct 28 Bonus Issue of one for 6 Oct* Oct 18 MsUm KmiUa Bonus Issue of 1 for 4 Oct 2 Oct 6148 words
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428 1978-09-22 11 CONTINUING its slide into the red, Penang-based cotton towels and yarn manufacturer Allied Malayan Development turned In a set of very dismal interim results. For the first half-year ended June 30, the group incurred a pre-tax trading loss of $252,607 against a profit of428 words
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Article126 1978-09-22 11 MALAYSIAN Tobacco Company Bbd: EOGM to be held at 178-3, Jalan Sungal best, Kuala Lumpur, at 11.30 a.m. on Sept. 22. Pan Malaysia Robber Industrie* Berbad: AOM to be held at The Asean Room, Holiday Inn, Jalan Pinang. Kuala Lumpur, at 10.30 a.m. on Sept. 28.* Pan Malaysia126 words
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223 1978-09-22 11 THE directors of Temerloh Rubber Estates bave decided to recommend t boons issue of one new share for every shares held by menbers. A resolution to (hat effect will be proposed at an extraordinary general meeting to be held immediately after the annual general meeting223 words
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679 1978-09-22 11 PETER CHIA - ■y PETER CHIA HOTEL Royal Ramada has turned in a creditable Grformance for the firstit >of this year to prove that last year's recovery after five years of losses was no flash In the pern. With an unaudited profit of $306,270 for the half-year ended679 words
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Article, Illustration544 1978-09-22 11 THE decision to appoint new managers, Low Nam Hul and Sons Sdn Bhd appears to be paying off for Tropical Veneer, the once ailing plywood company which was placed under receivership two years ago. The newcomers, providing Tropical Veneer with complete management, administrative and544 words
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Page 11 Advertisements
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Advertisement159 1978-09-22 11 COLLECTINQ Oriental Antigwej by Judith Moorhouse and Dries Blitz ra Hamtyn Group, London. Oriental antiques have always faiclnated 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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690 1978-09-22 12 AFP. might take certain Jftolctlve measures under MA llultlflbre Arrangement t<% restrict imports of yarn, 4m)cs and garments from dMloping countries If such %£6rts rise sharply and MTtously threaten domestic p#9ducers. Air. Shohel Kurlhara, the Direction-General of t Consumer Goods Intrles Bureau of the istryAFP. - 690 words
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288 1978-09-22 12 AFP. Details of a cioo-million 1E5)441 million) deal for Sorderly" marketing of tin produced by the Malaysian jlfnlng Corporation through a London-based ral broker, were coming light on Wednesday, following weeks of rumours. Anglo-Chemical and Ore, Jointly owned by Engelhard MineralsAFP. - 288 words
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Article103 1978-09-22 12 ON MONDAY, Sept 18, Business Times carried a report of the opening In Singapore of the Austra-lian-based Monahan Dayman Adams. Within the story reference was made to a firm of marketing and resdtttah consultants. Frank Small and Asso<flates wish us to point out (h&t they are the consul■4l»i103 words
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240 1978-09-22 12 AFP. THE CHAIRMAN of Bank Rajtyat, Tengku Tan Sri N fra h Mohamad, anijsunced yesterday that significant steps have been TflJCe'n to rehabilitate the bank which faced a M 567.7 million loss at the end of The bank will from now onAFP. - 240 words
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Article, Illustration562 1978-09-22 12 THERE IS scope for developing the existing trade links between Singapore and the UK, to the mutual benefit of both countries, Sir Humphrey Browne, chairman of British Transport Docks Board (BTDB) said yesterday. Sir Humphrey, head of Britain's largest port authority, Is on a562 words
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489 1978-09-22 12 Reuter, NYT. A HOUSE Senate budget conference committee has agreed on a resolution setting a US$3B.B billion (Ss93 billion) budget deficit for fiscal 1979, more than one third less than the deficit In President Carter's budget proposal. The resolution, which sets spendingReuter,; NYT. - 489 words
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185 1978-09-22 12 Reuter. THE US National Association of Business Economists (Nabe) said Its 3,000 members generally expect the US economy next year to show a real growth of about 2.5 per cent. Nabe, whose members supply forecasts to corporations, projected consumer prices will rise 7.6Reuter. - 185 words
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276 1978-09-22 12 UPI. BELGIAN Prim Minister Leo T Lode mans said yesterday in Tokyo that the European Commoi Market is considering the creation of a European version of the International Monetary Fund to cope with the depreciating US dollar. Such an organisation is necessnryUPI. - 276 words
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Article35 1978-09-22 12 MR. T.S. Sinnathuray, Senior District Judge, it to be appointed a judge of the Supreme Court from Oct 1. The Prime Minister, after con«uking the Chief Justice, has recommended the appointment I* President Sheares.35 words
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415 1978-09-22 12 JOHN LIM - ■y JOHN LIM BANGLADESH and Singapore have agreed in broad principle on industrial cooperation in areas which have good investment potential. The visiting President of Bangladesh, liajorGeneral Ziaur Rahman, said he had talks with Prime Minister Lee Kuan Yew covering "every possible sector of415 words
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Article88 1978-09-22 12 URANIUM mining in Australia suffered a big setback yesterday when disagreement among aborigine leaders blocked a royalty agreement over the rich deposits In the remote north. Postponement of the signing now means that construction work on the Important Ranger project In the Northern Territory Is not likely to88 words
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Article697 1978-09-22 12 LONDON, Thurs. The market closed narrowly mixed after a quiet session, dealers said. At 3.00 p.m. the Financial Times index was down by 1.7 at 527.4. Government bonds were around 1/8 point higher, but trading was subdued with operators awaiting union reaction to the Ford management's pay offer697 words
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Page 12 Advertisements
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Advertisement80 1978-09-22 12 PAPERWEIGHTS for a different way to MANAGING FOR Commemorate a first Keep your name/logo inview Be remembered Show your appreciation Or for whatever you are celebrating your logo and message etched in polished brass or chrome and finished up to 5 enamel colours and mounted on Italian polished marble FREE80 words
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Advertisement64 1978-09-22 12 SEE PAGE 3 Connections to all parts of Europe every 4 minutes. D D-A With Lufthansa you don't wait around for connections. From Frankfurt we give you more than 265 connecting flights everyday, all around Europe. Lufthansa German Airlines Contact your Travet Agent or Lufthansa Singapore (10): Tanghn Shopping Centre.64 words
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Article3121 1978-09-22 13 MMU A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of damnation the name of the ship, the shipping line involved, and the estimated dates of arrival and departure.from Singapore port. f CmortiUM SeaaDateh hag a Jtlat wrrkt tnufCMM3,121 words
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Page 13 Advertisements
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Advertisement429 1978-09-22 13 Scan Dutch Fast and Regular Service To/From N.C. /SCAN/W.M ED7 U.K. Singapore: Tel. *****, Port Keiang: Tel. *****1. Kuale.Lumpur Jei *****. Penang: Tel. ***** SHIPPING Ei SANKYO LINE AUSTRALIA SERVICE t. Mang Stfl(aport Loading for PARADISE MOON IN POfT SAILED SVD. MEL ADEL YUE RIVER 38/30 Sopt 1/2 OCT SYD.MEL429 words
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Advertisement421 1978-09-22 13 THAI MAWN€ UMF nxxx*sr REGULAR SCHEDULED CONTAINER FEEDER SERVICE BETWEEN SINGAPORE/BANGKOK KIT* SMUT Vl» KIT* SAMUT V.2V KITI SMUT *71 HHt y jf SIMAPONE 17s* us* as* as# ms* as* 1 Oct 2 Oct 5 Oct 7 Oct II Oct 11 Oct BOOKINCS/ENQUIRIES: OCEAN SMIPPIM I ENTERPRISES PTC. LTD 21ST421 words
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Advertisement318 1978-09-22 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAIN. FRANCE SfOK r.UMt OMdurfMi OMIOUSSIAIIMAIOM 15 Od BURDEKIN SHIPPING PTY LTD KCULAR SERVICE TO ANTWERP i- UJL ACCEPTING THROUGH BILLS OF LADING TO MAIN U.K. DESTINATIONS DndurfHif Ports P. Goding S port P. Katanf Antwerp Lln 'I' Vassal318 words
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Advertisement321 1978-09-22 13 ANHSING LINE REGULAR SEMI CONTAINER/ LINER SERVICE S'par* PUM| P«m« Lwd»* for UNION JEDOAH Sated M** ANHSING .latort UNION ALASKA 25/27 Sa* UNION AOCN 9/7 Oct UNION VENBO a/31 Oct AJk LORD STEAMSHIP CO. S.A. TAIWAN/STRAITS/TAIWAN EXPRESS UNER SERVICE LOON CMON6 25/2« S«p< 4 Oct (2mi CaM) LOON HSING SaiM321 words
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Advertisement26 1978-09-22 13 Nedlloyd Lines Regular Liner Services To/ From All Parts of the World. Singapore: Tel. *****. Port Ketang: Tel *****1. Kuala Lumpur Tel. *****, Penang Tei *****26 words
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Page 14 Advertisements
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Advertisement842 1978-09-22 14 FULIT CONTAINERISED TO EUIOPE 31/10 17/11 19/11 20/11 (25/11) EXPRESS CONVENTIONAL TO EUROPE S'pn P.Maaf P*»- Mkn Gaau ITt«i Blu*aa Mm ililn S*)M4 21/9 13/10 9/10 20/10 26/10 16/10 IS/10 fcctwiNn 4/10 5/10 26/10 22/10 3/11 7/11 30/10 1/11 Fil till 20/10 6/11 19/11 17/11 13/11 15/11 •MM* 17/10 13/11842 words
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Advertisement495 1978-09-22 14 Oct 11/21 Km S/l Dxl/t Od 1/7 Oct J/10 Od 22/2* Od 27/21 Od* 11/14 Od IS Od II Od II Oct 21 Od 31 Nm2 11/17 hm4 IS/21 D.C J D« II D* 1 Dac 22 D* It D«l mt 21 Dac U EAC UNCS n W liar* BBT495 words
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Advertisement487 1978-09-22 14 4CTH FLOOR HONG lEONG BtOG 16 MFFIES QUIT SINGtPORf 1 Cu»ton« S»r»'C* Booi nj *****72 Itrmmjl ?Vo""j3 ?V113? FULLY CONTAINERISED SERVICE Go on# better to tho Middle East PRIORITY BERTHING ft DISCHARGE AT ALL PORTS ALSO ACCEPTING CARGO FOR BAHREIN AND ABU DHABI Kim /MIPPtDG If TPAOIfIG PTE. LTD. r.487 words
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Advertisement934 1978-09-22 14 0 Yj p I M Burma Fwt Star SHippinf Corpn. ■k "BURMESE NATIONAL LINE" LOADING FOR RANGOON MI- Mpryavr ■A HIM KFT B F.S.S.C. Afwts hi Malaysia TEPS MALAYSIA Port Hetam Td (38) 7355 Penang Tel. *****/f 7562 Compania Arfmtina Dt FwNavagKion Intarcontiiwntal S. A. C. I. F UT "ARGENTINE934 words
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Advertisement523 1978-09-22 14 1 n JA I KDIM W I Ml Orient Overseas C<mUu*teA Line FUUY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) MEMUEBMUIUR 23/1 24/9 11/10 13/10 IVII 17/10 IS/M CNrauanaiM 21/9 30/9 11/10 it/10 20/10 22/10 24/10 KOTMC KM. U« S/10 7/10 23/10 25/10 27/10 29/10 31/10 MOCMNM 14/10 IS/10 31/10 2/11523 words
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Page 15 Advertisements
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Advertisement866 1978-09-22 15 QCL Overseas Containers Limited rrr D-taff Bre«. r«M Mm I'M P. C 2 "J*' MltMl* SaiM MM MM laiM kMUMBM bl MM MM U M MM 4 Bet B Bet MR, K|. MM MM MMaMftMSM 11 M 1« M HK. U. mmi mm mm asm a smasm w IM hm«M*M866 words
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Advertisement776 1978-09-22 15 Ajoutaerna»cfßbnldmtk»FlmmeiamlmeaDdNSUO a/1 act M act lliiw*. njH a*t 11 mi r> hi m wan laertes n/H act 11/11 HOT ViV'V.,}' f**—-rlr l!.<" ★t W AMERICAN PWSJMNT LINES V-bTiii rfiT" MAERSK LINE EXPORTS WfHIT CMTAMMt URVICE T» lU/UMU 1 i!N r S PORE BOOKINGS *****46 TERMINAL *****05 CFS *****92 KL *****776 words
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Advertisement545 1978-09-22 15 BEN LINE CONTAINERS M*. mrm WW W<btw Man is Sapt a S4pt a Sapt uwiN »»at nsa*t ntapi |TJ| ASIA CONTAINER SERVICE KX« P. lUIMI Ptaa«| T*a asian pecasus aim i m i at; n act a«t NKua mii hi asm i act iaa 11 at a«t is at it545 words
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Advertisement739 1978-09-22 15 Scan Dutch V ■■rasTE-rriMZ] nk 1 Id■ fM JJ /1.! I FA'i > 1 F4eAer Irea P Man veseei lUIMH UM WTUUMA FUKIKI n/1 tiiMMu m l »«n MMOti i/u "'"tin (ummu wn mtS7 SWI 1) U4A.IM a Mm S Nkwt 4) Start ma Mm «/w a/a v» iva una739 words
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Advertisement401 1978-09-22 15 GUTHRIE BOUSTEAD-ageS'S rHE BANK LINE LTD p. mh n/a an S pot a/a I P. Mart Sun Mr LYKES ORIENT LINE itTMiV'fir SINGAPORE Q ***** PT Kft ANG ***** L KUALA I lIMPUR ***** 1 PENANC, It 23l FESCO LINES FESCO STRAITS PACIFIC LINE rat pacitic tin urn wrrawtrr S'Rara401 words
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Advertisement720 1978-09-22 16 s K\line KAWASAKI KISEN KAISHA. 1 TD |«U SHO If Swi P. Kelwg L.Htvft H'barg Iranian R'dam Sjkmia par iiw a sapt m sa* n «w 11 tot 11 fct ii in SBwua ns us asapt asapt wfctJKUKSKJtE wSbrvm pearl nw s let 7 let a let a id a720 words
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Advertisement731 1978-09-22 16 slewed JUVABHO' SONS PM ITD S AGCN'S ÜBAICUI I A C n JIJVABMOY K SONS M SDN HMD AFEA LINE REGIUR SEMI CONTAINER EXPRESS SERVICE DIRECT TO lACOS APAPA SINGAPORE CAPTAIN LYCNOS U/20 Oct CONOORE 15/20 N*t XKy Agents: SINGAPORE SNIPPING AGENCIES PTE ITI. Td: *****1 (14 Liftes) t *****2731 words
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Advertisement878 1978-09-22 16 NEPTUNE OFOENTUNES UD •FULLY COMTAINEIISIO SHVICiS: Sport P. Kalaaf S*Ua« ckvaiiei pmu n sept ms#i mm mm mm h m CNEVALIER M2E MSapt MSp* MM MM 21 M HM NEPTWE PEAIt SM 7 tat DM 77 M MM M tal MERCATM MM MM II M 4 M 5Mr MIENTAI CHIEF878 words
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Advertisement517 1978-09-22 16 muml MUI+YSIAN MmUtATIONAI SM**NG CO*FO*AHON BfKMAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANOINAVIA (MM Mr (Nii til lp«. U(M>I B K'lri 111* SUN P. K»lt*c SIM inr-t- ||,M KM HM UM i«W HI I ta PI ■INK U.M ta>M U>M S*<M UiM l/B 1/11 mi xjiha i«m smm s«m u>m dm517 words
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Advertisement797 1978-09-22 16 "i* INTRASEA (PTE) LTD DEMUR IMCPfMfNT SCM/FIU. CWTUHO SEWICE Tl HP Stn P. Mime Nnn| lnM <W: < mm ami? nsw la fan hiwi/r**£ maatu «aia s act i act ri await'.adM iw/ i mm in»i|~ MMITINE 4LII4RCE fill 4 B«t I art I'tw/NWIMMkIW aeaasia «n act it act a797 words
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