The Business Times, 7 December 1978
1978-12-07
1
18
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The Business Times
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Title Section10 1978-12-07 1 BUSINESS TIMES M.C.(P) No. 218/1/78 THURSDAY, DECEMBER 7,1978 50 CENTS10 words
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BRIEFLY...
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Article93 1978-12-07 1 AFP. MOSCOW, Wed. American firms have lost US$3 billion (about 556.6 billion) worth of orders in the USSR owing to "discrimination", Tass News Agency reported today, citing the head of the Soviet Foreign Trade Ministry's currency department, Mr Ozhogin. The agency quoted him as saying: "In the periodAFP. - 93 words
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Article74 1978-12-07 1 AP. TOKYO, Wed. US Ambassador to Japan, Mr Mike Mansfield, said today that recent statements by Chinese Vice-premier Teng Hsiao-ping seem to indicate it still is very, very possible that, given time, China and Taiwan will settle differences among themselves. Mr Mansfield said he is strengthened inAP. - 74 words
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Article68 1978-12-07 1 LORIENT, North-western France, Wed. A West German shipping company agreed today to pay for flying 21 Chinese seamen back to Hongkong to end their strike cm a Singapore-registered freighter here. The French General Labour Confederation announced that dock workers would now consent to unload the freighter Strasbourg68 words
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Article47 1978-12-07 1 AP. TOKYO, Wed. Mr Masayoshi Ohira was not named Prime Minister of Japan today. A bitter quarrel in the ruling Liberal-Demo-cratic Party brought a delay in the selection process, and Parliament adjourned until tomorrow without taking action on a new Prime Minister. AP.AP. - 47 words
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Article79 1978-12-07 1 AFP. TOKYO, Wed. Japanese Finance Ministry officials today expressed scepticism over the new European Monetary System (EMS), terming it not only redundant but unwelcome in the interests of the world economy and international currency stability. Six of the nine European Common Market nations agreed yesterday to goAFP. - 79 words
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Article82 1978-12-07 1 Reuter. PEKING, Wed. Cambodia has appealed for international support as fighting with Vietnam builds up. China, its closest ally, has declared it is firmly backing Cambodia. But there was no mention of any other commitment when Hsinhua News Agency today published letters written by Cambodian President Khieu SamphanReuter. - 82 words
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Article52 1978-12-07 1 AP. NEW YORK, Wed.— The stock market jumped ahead again this morning. The Dow Jones average of 30 industrials, up 13.68 on Tuesday, climbed another 5.89 to 826.40 in the first half hour. Advances took a 4 to 1 lead over declines among the New York Stock Exchange-listedAP. - 52 words
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Chief Price Changes
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Article128 1978-12-07 1 Rises Most Active Sun*ci Besi 760 +75 UOL 233,000 Tronoh Mines 675 +50 UOF 201,000 OCBC 790 15 Haw Par 170,000 Nat Iron M Banking 585 600 15 10 Consplant 146,000 Kempas 394 10 Total Turnover: 2.65m Dun lop Eat 346 10 Total Value: $6 34m Public128 words
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Article, Illustration149 1978-12-07 1 Rises Most Active Sthn Kinta 561 145 S Darby 175,000 D Keramat 990 20 Consplants 141,000 Kamunting Tin 195 15 M Credit 128,000 Berjuntai 680 15 Haw Par 87,000 Syn Resins 118 11 Total Turnover: 1.53m W Jacks IX 08 Total Value: M$4.08m U Cables 143 05149 words
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Article787 1978-12-07 1 JOHN LIM - DIVERSIFICATION AT FULL THROTTLE By JOHN LIM THE Hong Leong group of companies looks like emerging the prime beneficiary of a protracted dispute between Yamaha, the giant Japanese manufacturers of motorcycles, and its agent in Malaysia and Singapore, Motorcycle Industries. It is virtually certain787 words
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Article218 1978-12-07 1 AP. THE European Common Market will ask for more trade concessions from Japan when they meet in Brussels for their semiannual talks tomorrow and Saturday. The trade balance, long in favour of Japan, is beginning to improve, but EEC officials believe the Japanese could facilitate theirAP. - 218 words
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Article, Illustration539 1978-12-07 1 JOHN TAN - By JOHN TAN THE STRAIT'S tin price, after rising above M 52,000 a picul in early November, has plunged to its lowest level in three months. The price fell $58 yesterday in Penang, bringing the closing level down to $1,828. This is the539 words
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Article45 1978-12-07 1 IRAQI Oil Minister Tayeh Abdel-Karim said his country would support a minimal oil price increase at the Organisation of Petroleum Exporting Countries (Opec) meeting next week. But he also said his delegation would support a change from the present policy of pricing oil45 words
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275 1978-12-07 1 CITIBANK hM aieved ap twa rup te iaerease tto prime leadlag rate to 8 per eeat. Its hike ef 1/t per eeat frMB 1i per eeat is the steepest this year. Oa prevtoas eeeastoas, Cltibaah aai ether haaks geaerally raised their leadlag rate275 words
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407 1978-12-07 1 THE AUSTRALIA-Singa-pore air talks held here have been extended (or another day. Both parties could not come to a clear understanding of each other's proposals yesterday. The talks began on Monday and were expected to end yesterday. According to the leader of the407 words
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Article67 1978-12-07 1 THERE is no need for more laws to nationalise or "Filipinise" certain industries in the Philippines, Industry Minister Vicente Paterno said. Existing laws are "adequate" to protect the interests of the government and the Filipino businessman and they specify the areas where corporations not fully owned by Filipinos67 words
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Page 1 Advertisements
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Advertisement18 1978-12-07 1 Iced Cream. I 7) IKA Harveys Bristol Cream. The best sherry in the world. J*- Eastern Agencies ;j^18 words
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Advertisement72 1978-12-07 1 JJSJiXS SHIPPING TIMES KtofciSr™ "fc- FORUM: The —e»laa mtlßea CLOSING la ea the cempater LOOK before yea drive late creek S Cycle ft Carriage 11 THE krave aew wwU ef He- BUMPER flrel half at CeateehMl#gy m lIIIIITt 11 SINGAPORE trails behlad ber OIL preitadttM paete aeei te he expert72 words
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Advertisement11 1978-12-07 1 +%.`{^)*]:(]))_[</[[\!`,<=.='_> >> From 6 th Nov.' 78 To A6t h Jan.79 p^s'^p"^«3ss£^§^S£ kM11 words
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TRADE AND INDUSTRY
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Article297 1978-12-07 2 YAMAZAKI Construction Singapore, which leases Caterpillar construction machines, may invest some $3 million next year to expand its service facilities. The company, which started operations in October, opened officially yesterday. Its sales manager, Mr. S.Murakami, said a strong back-up unit to ensure that machines remain297 words
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664 1978-12-07 2 THE OVERALL investment climate in the country and the level of entrepreneurship are the two major factors which will determine how fast and to what extent the rubber manufacturing industry in Malaysia will grow. While the government and public agencies like the Malaysian Rubber Research664 words
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Article165 1978-12-07 2 THE PHILIPPINES stands to lose US$l4O million (Ss3o6 million) in foreign exchange earnings next year if it carries out a plan to ban log exports completely, the semi-government Philippine Export Council reported on Tuesday. The estimated loss is based on two million cubic metres of165 words
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410 1978-12-07 2 EXPENDITURE on promoting natural rubber sales amounts to only 0.05 per cent of world NR sales, said an' international expert on the commodity in Kuala Lunpur. "In real terms, this is very low when compared to the levels of one to 2 per410 words
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111 1978-12-07 2 ASIA can look forward to good grain harvest this crop year despite severe but localised flood damages, according to the UN Food and Agriculture Organisation. In a statement yesterday from Bangkok, the FAO reported that bumper harvests in many rice-importing countries will reduce the111 words
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240 1978-12-07 2 PENINSULAR Malaysia's crade palm all aatpat raw 1J per ceat is Aigiit to 117,888 toaaea. Tatal pr*4ietUi af crade pain all dartog the On* aiae mwtte af tkto year at 1.1 mllHaa toaaea was bawever, 2,111 toaaea betow Ike year-age i IvVcl.240 words
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414 1978-12-07 2 THE SEARCH for better fuel consumption, which among other things is determined by the type of tyres used, is practically forcing tyre manufacturers to convert increasingly to the production of radial ply tyres instead of the conventional bias and bias-belted tyres. A techno-economist at the414 words
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Article267 1978-12-07 2 COURSES AND TALKS Oct 16-Dec 18 (every Monday): A detailed study of reinsurance and its role in the conduct of insurance business, srrc, sitc. Nov 6-Jan 27: Life insurance agents certificate course (English and Chinese), SITC, srrc Dec 7-8: Leadership and effective management style, Hyatt, Price Waterhouse Dec267 words
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274 1978-12-07 3 MALAYSIA has a bright future in breeding top-quality beef and dairy cattle, according to an Australian veterinary scientist, Dr John Francis. Dr Francis, professor of veterinary preventive medicine of the University of Queensland said this is primarily due to the success in274 words
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Article, Illustration115 1978-12-07 3 REPRESENTATIVES from Volvo distributors in Singapore, Malaysia, Hongkong, Thailand and Taiwan attended a threeday Volvo parts seminar at the Marco Polo Hotel in Singapore last week. The seminar, conducted by Mr. Raimo Li tell, zone manager, AB Volvo, parts division, and Mr. Magnus Wikman,115 words
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Article45 1978-12-07 3 AP INDONESIA and the United States yesterday signed a new agreement in which the US will provide an additional US$B9.3 million (SJIBO million) for purchase of 250,000 tonnes of wheat, 196,000 tonnes of rice, and 20,000 tonnes of bulgur on concessional payment terms.AP - 45 words
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Article, Illustration136 1978-12-07 3 THREE AEG Teiefnnken MglMtii are is Singapore to rwlriia the electrleal eqiipncat for what to believed to be the world's Mggest Mtohsn tin Ike electrical eytpact for this pwjeet, which is a $3 mllltou contract tor Beha Meyer, mi todlt by AEG Telefnakea to Germany, ud136 words
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Article133 1978-12-07 3 A SINGAPORE Food and Cultural Festival will be held in Kuwait at the Kuwait Hilton from Dec 16 to 23. Organised by the Singapore Tourist Promotion Board in conjunction with Singapore Airlines, Singapore Hilton and Kuwait Hilton, this eight-day promotion is the first of its Hnrf133 words
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126 1978-12-07 3 ABOUT 13 countries will take part in the second South-east Asian production machinery and engineering equipment show from Oct 15 to 19 next year. Organised by Singapore Exhibition Services Ltd., the show will be held at the Maritime Square Exhibition Centre. More than 500 firms126 words
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Article66 1978-12-07 3 A THIRTEEN-MEMBER trade delegation from Ohio will arrive today to scout for joint-venture partners in manufacturing. The mission, led by Mr Frederick Sexton, director of Ohio's International Trade Division, will also promote exports of Ohio products. During their three-day stay, they will meet officials of the66 words
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Article, Illustration766 1978-12-07 3 JOHN TAN - By JOHN TAN COMPUTER users who are concerned about the security of their systems should consider making surprise and random checks on their operations. This is the only way companies can cut down on computer crimes committed by their own employees, according to an expert766 words
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Page 2 Advertisements
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Advertisement171 1978-12-07 2 EXPO BRASIL 78 I lotcl Singapore December 6 10 BRASIL Hie Brazilian Exhibition is sponsored by Tie Brazilian Ministry- of External Relations Itamaratv Designers and contractors: Arquiprorn Arquitetura, Promo<;des e Comercio Ltda. The colour, wealth and beauty of Brazil. It's all at Expo Brasil 78, Shangri-La Hotel, Singapore, December 6171 words
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Page 3 Advertisements
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Advertisement79 1978-12-07 3 E\er\ age has it's legends Since the end of the last centurv. one name stands supreme vk hen the u>or!d talks about ears and progress Mereedes.Hi ,'n/ An outstanding creation of technical engineering s\mbo! success m the rank o! distinguished personalities superb ear born of a great tradition. Mercedes-Hen/ So79 words
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Page 3 Miscellaneous
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Miscellaneous642 1978-12-07 3 I TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS 1 Alternatives to ladders (6) 7 Metal products for intensive use, we bear 8 Hopeless footballer? (4) 10 Stand the journey with insufficient food! (6) 11 A letter to print in a rush (6) 14 Group of wise teachers (3) 16 A bit I642 words
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RAW MATERIALS
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Article490 1978-12-07 4 THE Singapore rubber market yesterday closed slightly higher with December One RSS buyers quoted at 237.00 cents per kilo, up 1.50 cents from Tuesday night's close, dealers said. Opening prices were marked upslightly on higher London advices and covering interest,they said. The afternoon session gained some490 words
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Article28 1978-12-07 4 Rubber: Dec 6 Singapore: December: 237.00 cents (up 1.50 cents) Malaysia: January: 237.50 (up $2.00) Tin: $1,826 (down $58 Official offering: 235 tonnes (down 14 tonnes28 words
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Article333 1978-12-07 4 Prices in cenu per kilo yesterday: KLim Pw (per kilo) (per kilo) Buyers Sellers Buyers Sellers bit. I R.S.S. oromiX f.o.b. 235.25 236.25N 236.00 237.00N Int. 1 R.S.S. Dec 236.25 236.75 237.00 237.25 Int. 1 R.S.S. Jan 239.75 240.25 240.75 241.25 Int 2 R.S.S. 233.00 234 00N 234.00333 words
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Article96 1978-12-07 4 NOON SSR and SMR prices yesterday: •AS Dm (Carre Wmftn ■t Mtfc) Setter* JHHIT (Forward Mtfc) la/ai Mtn SSR 30 (eenls M) (Mats par kg) (1-ton pallet) 237.00 239.00N 238.00 240.00N SSR SO (1-ton pallet) 234.00 236.00N 235.00 237 00N SMR5CV (1-ton pallet) 253.30 255.50N 254.00 256.00N96 words
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Article182 1978-12-07 4 BANGKOK rice prices were quoted as follows yesterday: (In US dollars per tonne F. 0.8. basis Bangkok) WMte rlea: 100 pet Ist claas 340. 100 pet 2nd class 325, 100 pet M class 339, 5 pet 313. 10 pet 290,15 pet 285, 30 pet 380, 35 pet 375, 35182 words
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Article300 1978-12-07 4 COMMODITY were generally unchanged in quiet trading conditioos at the Singapore produce market yesterday. Dealers said trading was dull with the market continuing to reflect uncertainty and the lack of buying interest. Many dealers said the lacklustre conditions were brought about in the absence of new market factors.300 words
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Article148 1978-12-07 4 SUGAR futures trading remained quiet In Hongkong yesterday, with turnover at a record low of one against five on Tuesday, dealers said. Dealing has restricted the March delivery, which closed at US 8.45/56 cents against Tuesday's 8.55/60. Jan 7.75 806 7 70/810 Mch 8.45/59 8.56/8.90 May 834 51148 words
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Article178 1978-12-07 4 YARN aad cotton in Hongkong dollar*, spot ex-godon*: Csttsa yam: China Blue Phoenix x* um. m um, 3,000 (per bale of WO lbs). Ptaae pih. Chiaa Butterfly and Globe trad uaq; Dragon Head unq; Five Lamb* uaq; Flower aad Butterfly uaq; Flying Geeae unq (per place Mlaches by178 words
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Article195 1978-12-07 4 RAW sugar futures finished the morning in London yesterday with on balance losses of £0.20 to £0.65 per tonne although prices were generally above session lows. Turnover totalled 1,068 lots including five options. The market had opened below Tuesday night's kerb levels but about unchanged on balance. Dealers attributed195 words
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Article209 1978-12-07 4 THE Straits tin price in Pea yesterday, fell 950 per to sua, a» above the International Tin Agreement ceiling, deslers said. Sentiment was affected by the continued weakarsi in London overnight, and support from all sources was small. Turaover rose to U5 tonnes from 221 tonnes, and no209 words
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Article90 1978-12-07 4 LEAD ended morning ring dealings £1.25 down for cash and £0.25 higher (or three months In London yesterday The pace of trading slowed considerably from recent active sessions, which dealers attributed to quieter phyMcal market conditions due to lack of follow through to last week's demand from the USSR.90 words
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Article57 1978-12-07 4 ZINC was £1 lower for cash and £1.25 per tonne down for three months at the end of morning ring dealings in London yesterday. Dealers said this market was quiet with values holding in a narrow range reflecting comparative stability of copper and lend. Carrying operations accounted lor most57 words
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Article43 1978-12-07 4 ALUMINIUM ended the morning ring £1 per tonne higher far three months in iiwAm yesterday. The market remained very quiet throughout the morning with prices holding steady on scattered buying which found little pre sire to sell. Ring sales were 175 tonnes.43 words
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Article66 1978-12-07 4 C.I.F. North European port*, in U8 dollars per ton ui otherwise stated. LONDON: Tuee Previous Malaysian 5% ffa bulk per ton ine January unq unq February Mklr SSQair Sumatra 5* ffa bulk December MLSOalr SlOslr January flOOelr tmjSMr February 907.9Oslr S06alr March Stfeir flOQelr Nigeria SH ffa bulk66 words
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Article95 1978-12-07 4 WHEAT futures stood U/4 to one cent a bushel lower in the two nearest contracts but 1/4 to 3-1/4 cents higher in others at midswion in Chicago on Tuesday. Wheat futures, influenced by > variety of heavy spreading, cloned with widely varied results. Prices settled 6-1/2 to 1/1 cent95 words
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Article132 1978-12-07 4 SOYBEAN meal futures found late support in CUcagp on Tuesday to close up 10 80 to IB.# a ton, at or *ar the day's highs, after rttting in the loss column most of the day. Oil futures ended 0.12 to 0.08 cent a lb higher in the three nearest132 words
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Article100 1978-12-07 4 ROBUST A futures ended the opening call "about steady" £17 to £6 per tonne down from Tuesday in sales of 271 lots. The decline reflected technical adjustments against New York with biggest losses seen in near months where trade selling was well absorbed. Deferred months met light buying interest100 words
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Article139 1978-12-07 4 COCOA futures la Ldndon yesterday morning closed the opening can £3.50 up to £3.50 down from Tuesday. Initially near March traded £BJO higher against New York at 0,110. Dealers said the market traded within a relatively narrow range at the call with any easing in prices posribty due to139 words
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Article261 1978-12-07 4 COPPER wirebars fhihhrl the morning lor cash and down £1 far time months hi London yesterday. Active borrowing operations >«»finr) to feature trading on a market which otherwise appeared to lack treat incentives. Hie demand tar nearby metal reflected the continuing tightness of good quality material far and the261 words
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Article140 1978-12-07 4 SILVER on the LME lost 3.9 to 4.4 pence per troy ounce in London on Tuesday. The downturn in US futures and steadier sterling against the US dollar prompted light selling during the afternoon with three months trading down to 308.2 pence in the ring and to 306.2 pence140 words
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Article420 1978-12-07 4 THE Singapore gold futures market closed easier yesterday, reflecting lower overseas gold prices and uncertainty over the day's DfF gold auction, dealers said. The market opened between US ft cents and $L5O lower and tell further by another doDnr in subsequent trading due to lack of interest partly due420 words
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MONEY AND EXCHANGE$
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Article396 1978-12-07 4 THE US dollar firmed in moderate trading on the foreign exchange market yesterday as Bundesbank announced US borrowings of Deutschemarks to support the dollar. Opening at 1.9750/60 against the Japanese yen, the dollar firmed gradually to 1.1800/10 when London opened in the afternoon. Against the West German mark,396 words
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Article173 1978-12-07 4 Asian rates ASIAN currency deposit Interbank rates as at close on Dec <5 USNMImII orr«T ii 7 days 10 I'l 1 month 10'. 10'. 2 months 111/16 1019/16 3 months 110/16 117/16 6 months IS 11 0 months 1111/*****/16 13 months MM/MM 6/10 1«M Dm. f, f■ ,.I 1 month173 words
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Article31 1978-12-07 4 AUSTRALIA/NZ sail heagis us+mrum Turn 9Mm*s ixh asm MMjr-tor a*- Ml taqrtaf raws: SHrSmMM US SiSari Ltn Mlwlj fcj lw< raMs: ,nnst aaws IginhriUSl *ia<B» rsuqrmr«pial MHi US Mhr IJBM31 words
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Article46 1978-12-07 4 K«*C« ot ft riCM ifftnd hy dlseoeal kM mo oa Do* Ovtnifkl a to 4% Cali 4i»nhi i 4* Hi flag 3 month Bayiaf Mh( Treasury bUli i« -r. 3 month Bank btiu t'. 7 3 month CD 19/18 77/M month CD 7». 7 446 words
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Article26 1978-12-07 4 Source: National Discount Co Ltd. THE tvarafe rtU at wkicb Singapore banks ara currently prepared to lend to their bast customers is 7A par cent.Source: National Discount Co Ltd. - 26 words
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Article19 1978-12-07 4 FRANKFURT exebsages OmLMM/M sic its DSMM-M at m m m lmzjmmb P»<UMI Nkr MJt/M noiUi/a Mfc MM,MM YaaLMM/B19 words
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Article291 1978-12-07 4 TH£ dollar opened firmer across the board in quiet trading in London yesterdauy, in continued reaction to asoMlloiis from the EEC summit that current Joint float parities will not be altered on the introduction of European Monetary System (EMS), dealers said. It rose to UDB/S marks from Tuesday night's291 words
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Article224 1978-12-07 4 THE dollar cloned lower against most major currencies after a day of thin trading in New York on Tuesday, dealers said. Two factor* impacting the dollar, dealers said, were early nervousness about the European monetary system and mounting concern about the continuing uarest in Iran. Dealers said they224 words
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Article180 1978-12-07 4 THE US dollar for overnight delivery closed firmer at 198.00 yen in Tokyo yesterday, compared with a 197 JO opening and 198J0 at Tuesday's dose, dealers said. The US currency -A strengtnenea furtner in ugnt late trading on dollar buying by Japanese and foreign to ndjnst and import covering180 words
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Article21 1978-12-07 4 r un iHiiiai US 4. V/CM UKfcM/fcM ■naUI/LS MhUMJI MMMMIW/UI JeatOAS bmt«U PilM||l ins/m IWnLm/l» Mrie*U/ta Btmml M4/XIT MMftMM T*wmmnM/lUm21 words
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Article29 1978-12-07 4 ZURICH auJuuifM closing quotes an Dec 5: us i.n»-Tia StgUMMM oaaisun a*. SJBMO9 Okr MJMMtB Nkr S.MMM SkrSSRaS lm I jmi mm Am MS lUSIS-1744 Port ICUMOB toUSMM*29 words
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Article39 1978-12-07 4 THE MONETARY Aathority of Wngspore Imm invited teaks mad discount louwi to tenter for a total of $30 mfittna 91-day Treasury bills to be issued (roan Dsc.ll to Dsc 15. t—<lw inMt mtM inf I— Hmii39 words
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Page 4 Advertisements
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Advertisement38 1978-12-07 4 awl P" :§■*>« .»m<v.i ■<■- r "tfv 75 MFjIP-y Tf>BM''gap':; 4#'V <''V~%y^• 3:^14 Dv. S*» WI 'MM Y □ESIGNCErJTPE WW < HHMHBHiI i> IsMryp. <& 1 ..<M*it :i £$S 3fc j •v: jf^ SKB tf* 1 SSR wr- /?«*>♦ > -V 4.' ip I38 words
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OVERSEAS
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314 1978-12-07 5 AFP. SPECULATIVE buying of oon ten—i metals has dried up abruptly on the London metal market over the past two days following rumours that the Bank of was dissatisfied with the pattern of trade in recordpriced lead in its recent monthly surveyAFP. - 314 words
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Article74 1978-12-07 5 Reuter to'oletobar after a 411 mUsa surplus b September and a surplus sf 5.41 Hilton Is October 19TJ, the Bundesbank repsrtod. Stattsttcs Office said u y U the October after a September surplus revised to 411 mlMaa bus 1J MBsu. The central hunk said the surplus ever theReuter - 74 words
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WORLD IN BRIEF
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Article445 1978-12-07 5 Agencies THE current US prime lending rate of 11.5 per cent is clone to its maximum .and does not need to be brought much higher since the economy is slowing down in any case said Mr. David Rockefeller, chairman of Chase Manhattan Corp., said in London yesterday.Agencies - 445 words
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Article628 1978-12-07 5 ARRIVALS Service Local Operator Number Tine From GIA GA944 1065 PKU GIA GA90B 1100 MES PAL PR501 1135 MNL GIA GA982 1200 HLP SIA SQ240 1210 MES SIA SQ201 1245 HLP THAI TG413 120 BKK MAS MH684 1410 KCH MAS MH651 1330 (MES)/PEN/KUL SIA SQ455 1340 BWN628 words
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586 1978-12-07 5 GLOOMY official statistics released this week show the depressed state of the Australian economy with output falling and savings honk deposits much weaker than this time last year. Simultaneously, the balance of overseas. payments problem intensified. Third quarter figures for national income and586 words
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88 1978-12-07 5 AFP IB US has art given a deflalte go-ahead far France te seh CMsa two aseliar esnsfeas, belli ihe UB Male DqwUMt Paris nie genernl terms, delivery sf Amerie ne-tcchnology oeaM net he sanrsesi unjem again* the On Monday, France n anderAFP - 88 words
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218 1978-12-07 5 Reuter SAUDI Arabia's international reaerve has declined sharply although the coontry'* overall foreign assets continue to increase The International Monetary Fund's International Statistics show that in September Saudi Arabia's reserve, measured by the IMF's international liquidity position, stood at USQDJB billion (SIM billion),Reuter - 218 words
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Article137 1978-12-07 5 Reuter THE Japanese Finance Ministry will not for the time being relax controls over the inflow of short-term money into the country. A ministry spntresmsn was commenting on a report by the newspaper Nihon Keizai that the Japanese government is considering lowering restive ratiosReuter - 137 words
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Page 5 Advertisements
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Advertisement9 1978-12-07 5 WBBr* w 7" Jf* si f' JJl\ *T*Tl s\t!9 words
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Advertisement147 1978-12-07 5 A legend made by man will live through time A legend speakv ot the achievements of Man Quite otten. it is the mirroi of ingenunv. determination. and a drive lot peilection 1 oda\. t fie Mercedes-Hen/ vou own is the I mot cat on the toad RightfulK. it shares the147 words
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Article373 1978-12-07 6 THE KEYNOTE is confidence. Plans by the United States to borrow US$l.5 billion (about 553.3 billion) from the German and Swiss capital markets are tangible proof that the country is serious in defending the value of the dollar overseas. Unlike swap arrangements among central banks373 words
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264 1978-12-07 6 JUST TWO MONTHS AGO, the tin market was one of the easiest to make a small fortune. Daily, rumours of an imminent squeeze on the metal fuelled a dramatic rise in the price of the metal. In Malaysia, miners were holding back on stocks264 words
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Article, Illustration2290 1978-12-07 6 BIOLOGY may launch an industry as characteristic of the 21st century as those based on physics and chemistry have been o! the 20th century. Key science advisers to the British government are setting up a working party to see whether biotechnology, using techniques like2,290 words
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Page 6 Advertisements
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Advertisement116 1978-12-07 6 k m v *4M JHZ mJk I {•enkei l HenkellTrocken The award-winning sparkling wine from Germany. Another quality product from m t s «a S S TntheGeoitfanVftne of the Cockpit a splendid Period restaurant offering the choioest fare in the true British tradition nr-••■-n» fe#''!* 4 1 ...a MgM Id116 words
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Advertisement18 1978-12-07 6 EXECUTIVE CHEF: LEO WALDMEIER. MAITRE D'HOTEL: WILLIAM TAN. SINGAPORE HILTON 2ND FLOOR For reservations ring *****3 extn 253618 words
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Page 6 Miscellaneous
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Miscellaneous62 1978-12-07 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Kepwt for 24 hears prfor to Ul p.m. n Dee at the alrpert: Maximum temperature 30.7 C Associated humidity 69 Minimum temperature 22.8 C Associated humidity 99 Hours of sunshine 8.10 Rainfall in millimetres Trace Total62 words
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Miscellaneous263 1978-12-07 6 TV SINGAPORE 5 PM Opening followed by Islands Of The South Seas* Diary 01 vents (Chinese)* Home Sweet Home with English subtitles (Repeat)* Intermission Opening followed by What's My Line News in Brief* The Struggle For Survival (Last in series—Repeat)* Rampaian Sukan (Malay)* News in Malay* The -Sa MMon Dollar263 words
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Article, Illustration601 1978-12-07 7 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE to way ahead at todaetrial Batten In har maiarir gmwth. Bat Mw to trafltog behind her anh Aatea expert rivals Taiwaa and Saath eatpat. Last year, all three eempetiton eatpaead fltagapan la eeanaarie expaasiaa. tola year Last yea El*601 words
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Article, Illustration845 1978-12-07 7 EUROPEAN MONETARY SYSTEM FEW things can stand by themselves, and the European Monetary System is no exception. It cannot succeed unless countries outside the EEC nine are consulted and coordination of exchange rate policies Is made. The EEC recognises this and, at itsReuter - 845 words
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Article401 1978-12-07 7 IT IS a pity that advertisers will make use at any opportunity to push their preduct, even if it is an evangelical meeting. "Come, hear Billy Graham," announces an advertisement by an organ company. This was followed by another entry further down that said, in the401 words
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Article924 1978-12-07 7 Quek Peck Lim - [FORUM ...with Quek Peck Lim A RUBBER millionaire was once ashed how he managed ting bach, eyas soft with memories, he recounted how the secret of his success lay in the very simple expedient of being the first with the news. Now, that is not924 words
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Page 7 Advertisements
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Advertisement23 1978-12-07 7 --aw -r V -"ssr;' CWB 'V' f -:-i--e:* &4E<* '15 ''S3tV v.\ IS 5 > iS '!> ts iMfe. _ii|)inß)i; m A w b» V*~23 words
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Advertisement73 1978-12-07 7 Now. there'j a place where you can really feast 'ike 't* Imperial Lords. The Chinatown Restaurant. Serving the best of Szechuan cuisine. Peking and Cantonese specialities. Our chef from Hong Kong promises a wide selection of exclusive, authentic dishes that will bring back mouth-watering memories of the best Chinese food.73 words
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Advertisement76 1978-12-07 7 HOTEL ASIA 37 Scolts Road, Singapore 9 Tel: *****8 HOTEL EQUATORIAL 429 Bukit Timah Road, Singapore 10 Tel: ***** GARDEN HOTEL 14 Balmoral Road, Singapore 10 Tel: *****44 GOODWOOD PARK HOTEL 22 Scolts Road, Singapore 9 Tel: *****1 HOTEL GRAND CENTRAL 22 Orchard/Cavenagh Roads, Singapore 9 Tel: *****4 HOLIDAY INN76 words
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Advertisement75 1978-12-07 7 HOTEL MALAYSIA 40 Cuscaden Roafl. Singapore 9 Tel: *****1 THE MANDARIN SINGAPORE 333 Orchard Road. Singapore 9 Tel: *****1 THE MARCO POLO Tanglin Circus. Singapore 10 Tel: *****1 HOTEL MERLIN SINGAPORE 7500 Beach Road. Singapore 7 Tel: *****11 MING COURT HOTEL Tanglin Road. Singapore 10 Tel: *****3 HOTEL NEGARA 1575 words
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Advertisement73 1978-12-07 7 ORCHID INN 214 Dun«arn Road, Singapore II Tel: *****2 HOTEL PHOtNIX SINGAPORb Orchard/Somerset Roads. Singapore 9 Tel: 37g666 PENINSULA HOTtL Coleman Street. Singapore 6 Tel: *****1 RAKKLtS HOTtL 1-3 Beach Road. Singapore 7 Tel: *****1/***** SHANGRI-LA HOTtL 22 Orange Grove Road. Singapore 10 Tel: *****4 w SINGAPURA KORUM HOTtL 585.73 words
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Page 7 Miscellaneous
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Miscellaneous20 1978-12-07 7 BriStoW: FtankDickeos \s, Do ue sesD off oue ows) 6PTT Oft DO ue P\Sfc FUDGe »T.. y PoR Hou{? COKTitsioOOS20 words
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INTERNATIONAL STOCKS MARKETS
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Article517 1978-12-07 8 TOKYO LARGE-CAPITAL stocks declined due to news that Mr. Tanimura, chairman ot the Tokyo Stock Exchange, sent out a stern warning to brokerage houses and corporate investors against active trading recently. However, some incentivebacked issues and speculative stocks were selectively bought. In the morning session, steel, shipbuilding517 words
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Article234 1978-12-07 8 DBC Cent* INDUSTRIALS A. C.I* ■■«•••••••■> A.P'.U. Ampol Pet B.H. P. >•••••! Bank NSW Boral Bramble* C. B. A. C.8. R. •>•*■•■••••• Coal Allied Dunlop Ex. Ind Herald Hooker I.C>L Lend LeaM Myer New Ltd Oak bride* Pioneer Con Repoo Rothmane Swan Brew T.N.T Thlese Tooth Woolworth 1*1 IM234 words
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Article91 1978-12-07 8 DIC 88 Pwoa Acoje Ml nine AtlaaCon. A Atlas Con. B Bagulo Gold Benguet Con. B BF Goodrich CDCP Inco B Land oil LeptntoB MarlnduqueB Meralco Oriental A Oriental B PhllOiawn Phil ex A PhllexB PlcopA PteopB Pioneer PLOT PodcoB Po«* San Miguel A San Miguel B Seafront Utfphll91 words
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Article767 1978-12-07 8 NEW YORK FORECASTS by US bankers on both sides of the Atlantic that short-term interest rates may soon peak pushed stocks broadly higher in moderate trading on Tuesday. The predictions lifted a market looking for a reason to resume the climb of late last week that was prompted767 words
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Article241 1978-12-07 8 DEC 09 HKJ Amtl Rubber 2 MB Aaodated Hotel* 3 06 +0.09 Bowattri CheoncKonf ID +0.2 China DIM 2.129 +0.005 Chin* Light 29.00 +1 City Hotels City Urban 1.24 +0.M Comiopok i n +0.27 ConPfs CroesHarb Tunnel (.70 unch PhUe* 0.16 -0.0029 H/8 Hotels 17.10 HangLung 5.30 uneh Hang241 words
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Article279 1978-12-07 8 FT. RUSTENBURG PLATINUM* the world's greatest producer of platinum, is to reinstate part of its capital development programme in order to meet its commitments to the US motor industry, it was announced recently with the publication of the.annual report. The cost of the reinstatement willFT. - 279 words
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Article220 1978-12-07 8 DEC Baht Bank of Asia 260 -S Bangkok Bank 386" -6 Bank of Ayudaha Ltd unq Bangkok Metropolitan 1312 unch Bank Laem Thong Bank unq Thai Commercial -22 Bank 570 Thai Danu Bank unq Thai Farmers Bank 364 +2 Union Bank of Thailand 391 unch Industrial Finance Corp 2S35220 words
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Article63 1978-12-07 8 FINANCIAL TIMES INDUSTRIALS Tuesday 488.2 Monday 480 9 Week Ago 489.9 DOW JONES AVERAGE INDUSTRIALS Tuesday 820.51 Monday 806.83 Week ago 804.14 LONDON DOLLAR PREMIUM Tuesday TO'i to 80 Monday 75' < to 7<J'« H.K.HANG SENG Wednesday 525.08 Tuesday 518 93 Week ago 487.04 SYDNEY INDUSTRIALS Wednesday 452.5363 words
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Article261 1978-12-07 8 GOLDS were mixed in lacklustre trading on Tuesday, dealers said. Gains ranged to 100 cents and kisses of up to 25 cents were recorded in heavy weghts. Mining financial* were similarly mixed in thin trading. Diamond share De Beers edged two cents higher to 757 and Ana mint rose261 words
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Article282 1978-12-07 8 SHARE prices closed fractionally higher on Tuesday as the market reversed its decline in the final hour of active trading in response to an accelerated advance in New York. Volume totalled .3 million shares against 4.08 million shares at the close on Monday. The composite index was up more282 words
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Article130 1978-12-07 8 Reuter TARMAC said the sale of over 15 raadstone plants in Germany will have realised £7 million by early next year in a rationalisation programme to halt German losses. It said in a statement its German subsidiary Tarmac Bau will no longer be operating inReuter - 130 words
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539 1978-12-07 8 EUROPEAN MARKETS ZURICH prices closed easier after a quiet session, with the initially weaker dollar and concern aver possible parity changes at the EEC/EMS meeting depressing the stock market. Dealers said leading bai*s cloned slightly lower except for steady Swiss Volksbaak. Among narrowly mixed financial539 words
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Article177 1978-12-07 8 dec Action* Suisse* Francs 173 unch Alusulsae Br 1055 -25 Alusulsae Ret Brown Bowl Br. 412 MM -10 -It Clba Oeify Br 1071 •1 CibaGeity PC ■73 unch ObaOctcrRef Credit Suisse Br <2* 2105 •4 -5 CreditSuisse Ret 420 -S Elektrowatt Br 1700 -20 Oeorte Fischer Br 545 unch177 words
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Article220 1978-12-07 8 DEC ru ABN 370 00 •1 Ahold 107 00 unch Akxo 2a so -02 AMEV 85 70 4.1 Amlu 100 00 4.1 Amrol Bulk 75 00 -0 4 Bfi|utt 52 00 -0.1 Berk 84 00 +3 BoU M 10 -0.6 BorsumtJ M7 00 -1 Burhmann 70 70 -13 Byenkorf220 words
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Article262 1978-12-07 8 DEC Prs CORBEILLE Air-Uqulde MS BSNOervats Danone 5M CSFtThomaonCsf) 388 90 CteFrancalae da Petrola 139.90 Compagnle Financier* Compacnie General* 399.90 Credit Fonder De France 43S Hachette t Llbralrle) 238 Machine* Bull 52.99 Michelin (B) 1249 Panbas 308 Pechlney Cljtne Kuhlmann 79.50 Peugeot 490 phlltp«<N*Qeni Be ill) SI.40 PrlntempsSA 121.90262 words
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Article212 1978-12-07 8 DEC M Dm Aef-Telefunken 78.10 unch Akso 36 50 unch ALU Leben 735 Alii Vers 495 unch BASF 136 10 •Mil Bay H T Wbank 316B Bay Vbank 329 1.5 Bayer 140 90 *0.9 BBC 308B BMW 223.00 -1 Casaella 388 -2 Chem Verw 277 +5 Commerzbank 228.50 1.9212 words
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Article95 1978-12-07 8 DEC Fr» FORWARD I MARKS T Acec 410 -7 Arbed 2030 -10 Astur 890 unch Brascan 482 Bru-Lamb 1620 unch Canpac 648 -14 Cock 404 •4 De Beer* 102 -2 Ebes 2380 -i Electrobel 7140 40 Ob-Inno-Bm 2520 -10 Gev 1324 -16 Hobok 2410 -40 Petro 3295 -25 Ryl95 words
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Article98 1978-12-07 8 DEC M Ure ♦A 30 unch Assoc Oen ***** -100 Baslogl, 508 -S Centrmle 4700 -100 Flat 2850 -29 Flnslder 151 2 25 Oen lmmob 75 •IA IFI Pri 2423 -40 Italcementl ***** -450 792 ♦2 IUlUder 350 ♦2.5 KU(n«U M PI 530 -t Marelll Ere 234 unch Mfdiob98 words
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Article1602 1978-12-07 8 On December 5 CHICAGO Board Options Exchange volume expanded to 146,048 contracts from 132,769 on TuesUpjohn Upjohn Upjohn Xerox Xerox Xerox 45 so 00 45 SO 80 OPTION 6 1 3/8 1/8 117/8 71/3 19/16 FEB S S/8 37/S 1V16 12 3/4 NOL MAY 6V4 31/3 UNTRD1,602 words
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Page 8 Advertisements
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Advertisement153 1978-12-07 8 A European, Singapore based Trading and Consulting Company has an opening for an ECOLOGIST AND/OR LAND RECLAMATION SPECIALIST The Applicant is expected to have full knowledge of the Malaysian Governments views and actions in respect to the Malaysian Ecology and land reclamation from tin mine areas in particular. The applicant153 words
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INTERNATIONAL COMPANY NEWS
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230 1978-12-07 9 Reuter. NORWEGIAN financial expert# said tbey cannot recommend the Norwegian purchase of a 40 per cent stake In Swedish Volvo became the Norwegian capital market ia too small. The Financial Analysts Society said in a report the capital aspect of the deal is underestimated andReuter. - 230 words
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Article170 1978-12-07 9 Reuter. UK-BASED Hampton Gold Mining Areas said it received an approach from the Colonial Mutual Life Assurance Society (CML) about a possible takeover bid after the CML reported acquiring a 13.9 per cent stake in the company. The approach is wholly unexpected and further clarificationReuter. - 170 words
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Article46 1978-12-07 9 Reuter. THE NORDIC Investment Bank is issuing a 60 million mark seven-year Eurobond with an indicated 6-1/4 per cent coupon and 99 per cent pricing, bond market sources said. Lead manager is Deutsche Bank and final terms should be set on Dec 13. Reuter.Reuter. - 46 words
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773 1978-12-07 9 EUROPEAN h FT. BY AUSTRIAN standards, the sudden dismissal of a thousand workers by one company is wholly unprecedented. Yet this is the size of the redundancies just announced by Eumig, the major film projector and cine-camera producer. Long regarded as one of theFT. - 773 words
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569 1978-12-07 9 FT. SALZGITTER, the state-owned West German steel company with major shipbuilding interests, hopes to halve its group net losses in the current financial year, having reduced them by more than a quarter to 70 million deustchemarks in 1977-78. Describing last year's resultFT. - 569 words
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Article223 1978-12-07 9 NYT. CONSOLIDATED BAIL wiD pal MI far sue year Its ptaa I* iliblh kHdreds tt kUimetnm tt aapraOlaMe Hm with the tope thai piaslhit Aaarieti nfilihfy ehaagea tt«B appeal fill ""luahau Cnrtll, Ike U8 geverasaeat-apeaeered railroad syslam that ipw •te« freight aad pymiddle weal, uiNYT. - 223 words
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Article121 1978-12-07 9 AP. ROCKWELL International said on Tuesday it has sold a Swiss-baaed subsidiary, Admiral, which owns the Admiral television manufacturing plant in Taipeh. The Pittsburgh-based company said the purchaser' is Henry Yu, a representative of a group of Par Eastern businessmen who have interests in Hongkong, the PhilippinesAP. - 121 words
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746 1978-12-07 9 NYT WHEN T. ROWE Price talcs about stocks, he bases his comments on 60 years' experience stretching back 18 years before he set up the US$2 billion Mutual Fund Organisation that bears his name. He has long since retiredNYT - 746 words
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Article1254 1978-12-07 9 STEEL DEMAND CRUCIAL N.AMERICAN NYT IT IS, at heat, a beginning. At worst, the beginning of the end. The stockholders of LTV and Lykea have approved a merger which is intended to save two of the oldest and most troubled names in American steel Lykea'NYT - 1,254 words
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Article57 1978-12-07 9 AMERICAN Expreee per ■hare Mntap la the f earth jaarter will he ap (reai the M U8 eeata md la the mm IfTI Chtlraka Jtati will 'he'll'exeae af'St ariUUa er aheet tifl per Atn, If frm UM last year. He Mi ■iillh ef the 8«lae-Aaierleaa Chamber el57 words
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Article140 1978-12-07 9 Reuter TEXTRON said its Bell Helicopter division is suspending work on its Iranian helicopter co-production programme because Iran has not met the advance funding requirements estahMwd by the contract. The programme is a Joint venture with the government of Iran aimed at eventually producing helicopters inReuter - 140 words
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254 1978-12-07 9 Reuter CITIES SERVICES Philippines believes its latest offshore discovery well, Matinloc B, could hold bigger reserves than the Nido One well it Is already bringing into production in the South China Sea, off the Philippines island of Palawan. There has been no official confirmationReuter - 254 words
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Article141 1978-12-07 9 Reuter THE NEW YORK State Supreme Court on Tuesday ruled that Safeco Insurance may withdraw its property and casualty insuitnce operations from the State of New York. The court overruled a decision by New York state insurance superintendent Albert Lewis, who said Safeco could onlyReuter - 141 words
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Page 9 Advertisements
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Advertisement70 1978-12-07 9 k T k kj T k HONG ■1 uredrto Kaßands network Cr>d>to Regionel Representative Office in Hong Kong: A facWty In Ala which, together wtth our Tokyo Repree antativOffice? offers watetanc® toafl business operators interested in the ttaian market o:> Another step forward in the expaneion of Credtto itaiano's international70 words
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DEALS DONE ON THE SES AND KLSE
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Article1273 1978-12-07 10 BID and offer prices officially listed and business in and reported to the Stock. Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1.000 units unless otherwise specified. All Time Settlement Contracts are quoted after the word "sett". Big Board deal1,273 words
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Article100 1978-12-07 10 4 1/1* I/VBO (250.000) (90.308 00.408) IfcMl (250.000) (00 068 99.806) 100 306 l/VW (250 000 > (100 158 7* l/VM (250,000) (100.MB 100.755) 7 1/4% IWM (250,000)(100.75B) 7 1/4% 15/10/84 (250,000) (100.75B) 7 1/4* 1/VB7 250.000) (100.75B) I 1/2% T F 15/1/87 250.000) (100.408 100.556) 1/4% T100 words
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Article142 1978-12-07 10 SINGAPORE UNTT TOUST (Miaigrri' prices tar Dw 7) The Commerce 2 09 2.22 The Saving Fund 1.30 IJI S pore Prof Fund 0 M 0.99 S pore Sec. Fund 1.71 l.«l S pore Invest Fund 123 1J0 INCOME BOND UNIT (Current prison) Income Bond 1.U 1.17 miu niwrimu142 words
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Article2529 1978-12-07 10 I97K Hi#h Low Company Last Sale +orGr'» Div Div C'vr Gr'* Y'M Net P/E Vol Day (-000) High Low SECTION ONE INDUSTRIALS 272 238 178 219 275 111 280 '326 So 132 Acma 123* Alcom 107 Allied Choc 133 BAT 195* Bata 59 Ben 162 Berjaya Kawat2,529 words
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Article1547 1978-12-07 10 BID and offer prices 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 unit* unless otherwise specified. INDUSTRIALS Aetna (2.028). (2 708 2 958). A C»*« (1 12B). Hen1,547 words
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Article246 1978-12-07 10 Cenfaal Sngars Mi: AGM to be held at Batu Tig*, Selangor, at 11.00 a.m. tomorrow. 8e«na Ltd: AGM to be held at the Conference Room of United Overseas Bank Ltd, 4th Floor, No. 1 Bonham Street, at 3.00 p.m. on Dec 8. Sen View Hotel Ltd: AGM to246 words
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Article, Illustration638 1978-12-07 10 IN LIGHT trXlag volume, bajws retarded to fee Stock Exehaage «t Singapore yesterday rstsbllahlaft t pattern at erratic price flactaatieas la the week. After spnalag. well ea M—day, the market teak a dtp aa Taeaday to tarn ap agaia yesterday. Far waat638 words
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552 1978-12-07 10 SHARE PRICES drifted fractionally higher over another dull and extremely quiet session on the Kuala Lumpur Stock Exchange yesterday. With the absence of any major changes in the news background, the bulls and the bears were both evidently maintaining low profiles. As such, there552 words
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COMPANY NEWS
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Article, Illustration775 1978-12-07 11 MANO SABNANI - Look hard before you drive into Cycle Carriage By MANO SABNANI INVESTORS who are contemplating putting their money into the shares of high-flyer Cycle and Carriage may do well to await the interim results of the group before taking the plunge. For symptoms are already present that the spectacular growth775 words
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98 1978-12-07 11 SUPREME Corporation Bhd. has explained to the Stock Exchange that the sale consideration of $1,096,500 for the sale of 2.15 million ordinary shares in United Biscuit Manufacturing was arrived at by the auditors. It was based on the net tangible assets of the98 words
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LATEST RESULTS
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Article36 1978-12-07 11 said unaudited group's after-tax profit amounted to MslBl,ooo (loss $159,000), half year ended Sept 30. Interim dividend is 7.75 cents gross (nil), payable Jan 11 to shareholders registered on Dec 28.36 words
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Article62 1978-12-07 11 announced unaudited after-tax profit of M 5340,000 ($330,000), half year ended Sept 30. Interim dividend is 12.5 cents gross (same), payable Jan U to shareholders registered on Dec 28. The company said its dredge remained shut down on care and maintenance basis while it continues62 words
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Article60 1978-12-07 11 placed in voluntary liquidation, said a first distribution of MJI per share to shareholders on the Malaysian and UK registers will be paid on Dec 30. Transfer books will be closed on Dec 28. The company was placed in voluntary liquidation last September following the60 words
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Article97 1978-12-07 11 reports unaudited net profit of M 5680,000 ($570,000), half year ended Sept 30. Interim dividend is 20 per cent gross (24 per cent) payable Jan U to shareholders registered on Dec 28. Tin concentrate output 3,210 piculs (3,954). The company said higher tin prices compensated for97 words
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Article79 1978-12-07 11 has an- nounced unaudited consolidated net profit M 13.6 million ($3.09 million), half year ended Sept 30. Its interim dividend is 170 cents gross (nil), payable Jan 11 to shareholders registered on Dec 28. Tin concentrate output 16,965 piculs (15,475 piculs). The company said output79 words
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Article, Illustration540 1978-12-07 11 SUSAN BEVAN - By SUSAN BEVAN CYCLE and Carriage Bintang's (CCB) results for the year ended Sept. 30, show an unspectacular growth of only 5.3 per cent in pre-tax profits to MH7.87 million compared with recent times. The company appears to suffer from540 words
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229 1978-12-07 11 AS WITH many other tin mining companies in th* Malaysia, declining output of tin ore has taken a toll on Killinghall Tin's profits. Preliminary results for the year ended Sept. 30 show a 27 per cent drop in pre-tax profit to M 53.43 million,229 words
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Article462 1978-12-07 11 Current Ex Books Date Total for Total for Payment Date Close Payable the year Previous year A Hitam Plant 15*(b) Nov 22 Dec 2 Dec 8 15* 15* A Ent 10*1 Nov 10 Nov 22 Dec 8 10* 20*<C) Talam Mines 10*1 Nov 10 Nov 22 Dec 8462 words
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Article174 1978-12-07 11 Company Particulara Ex Date Books Cloae Mia Sec Bonus Issue of 1 for 2 Dec 6 Dec 23 S'pore Land Rights Issue of 1 for 3 $140 per share Dec 15 Dec 22 Synthetic Retina Rights Issue of 2 for 5 t $1.00 per share Dec 13 Dec174 words
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307 1978-12-07 11 CICNTRAL SUGARS tea ke ea UM that althaagk Hi st*r« li Pu4bkyri» Demit Vtrki iter a af ww mtatfei to J ue SB, ivn may Ml lavalve a ehaage la tke t ampaay'a eperattoaa, It luaMt af the > Exekaage > s307 words
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425 1978-12-07 11 BOOSTED by sharply increased output and better prices obtained from its estate crops, Consolidated Plantations the largest subsidiary of the Sime Darby group has turned in bumper results for the first quarter of the current financial year. Apparently, the effects of the425 words
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Article169 1978-12-07 11 George Loke - George Loke Dear Sir, Ferglve me If I peiat eat aa everalgkt la the aharemarket re parte to year paper recently. Tke reperta kept ea aaerlklag tke iepremti state af the nlailmai jiil to the palttag eat af Haagkeag lavesters aad stale kail UqaMattoa kat fall169 words
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Page 11 Advertisements
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Advertisement39 1978-12-07 11 JUMBO SHIPPING CO. S.A. GENEVA M.V. "STELLANOVA" ETA DEC. 20. 1978 HEAVYLIFT CAPABILITIES UPTO 140 TONS INTERESTED CARGOES DIRECTION UK/CONTINENT VESSEL MOST SUITABLE FOR OILFIELD DRILLING OR CONSTRUCTION EQUIPMENT AGENTS: PAC-ASIAN SERVICES PTE. LTD. 1613-1616 INTERNATIONAL PLAZA TEL: 220-483339 words
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Advertisement248 1978-12-07 11 THE STRAITS TIMES PRESS (1975) LIMITED (Incorporated in Singapore) For the year ended 31st August 1978 the Directors report: Group S$ Company SI 1977 Company SI Turnover Profit before taxation Investment income Taxation Profit after taxation Extraordinary item profit on sale of investments Minority interests Profit after extraordinary item •After248 words
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792 1978-12-07 12 THE US Treasury will borrow US$l.5 billion worth of Deutschemarks from German investors next week to help defend the dollar. This is the first time the US government is tapping funds from private citizens overseas. The German offer, set for next Tuesday, is the792 words
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454 1978-12-07 12 ELECTRICIAN Abraham Paul told an inquiry yesterday that he shut off power supplies to the Greek tanker, Spyros, after he heard an explosion on Oct. 12. Mr.Paul, who works for Jurong Shipyard, recalled that he was on the telephone when he heard the blast, followed454 words
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Article258 1978-12-07 12 Reuter FIVE IMF experts suggested during annual consultations with Japanese officials that Japan should aim for real economic growth of 7 per cent next year to stimulate its economy and reduce its current account surplus. Finance Ministry officials reported yesterday the IMF team, headed byReuter - 258 words
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Article744 1978-12-07 12 LONDON. Wed. Share prices closed generally a penny or two firmer although trading was slack, dealers said. Early gains of several pence m leaders were mostly pared by the close, although Beerfeto remained in demand on the last day of dealings in the new shares that resulted from744 words
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447 1978-12-07 12 Reuter PRI2SIDENT Carter could touch off a chain reaction of in flation and recession if he seeks authority to impose mandatory wage and price controls on the country, a joint congressional economic committee study said yesterday. Staff economists based their theory on aReuter - 447 words
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144 1978-12-07 12 THE Asian Development Bank (ADB) will grant a US$l6 million (about S*3s million) loan to Malaysia for the continued implementation of the 400,00-hec-tare Trengganu Tengah township development scheme. The 20-year loan, with a four-year grace period, will bear an interest rate of 7.7 per144 words
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Article, Illustration122 1978-12-07 12 THE ezerattve vtee pratfeat aai ehalrmaa at the credit petley eeounlttoe ef the UBS&J Mills itftwh Irvtag Trast Craps ay, Mr Edwto A. Sehseabera, arrives here today tor a tws day vWt It ta part «f Ms twaweek Asia* trip. 0 M,. pwaaJuSS aff£ eeri, laeal122 words
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85 1978-12-07 12 AFP. AN INCREASE in direct trade in Sarawak pepper was predicted yesterday by the leader of a recent pepper trade mission to Europe. The chairman of Kuching's Pepper Marketing Board, Mr Leonard Linggi, who led the mission, said steps are being taken to linkAFP. - 85 words
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401 1978-12-07 12 THE PRESENT form of product ion-shar ingc o ntracts in oil exploration should be scrapped and replaced by a revised "streamlined one." This was suggested by Mr A.T. Hatley, manager of Cities Service during the Council for Energy Studies conference at Shangri-La Hotel401 words
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318 1978-12-07 12 THAILAND is seeking the help of regional countries with experience in petroleum and gas development in its drive to become less dependent on oil imports. Speaking on oil and South-east Asia at an energy conference, Mr. Wimon Wiriyawit, chairman of Thailand's Natural Gas Organisation,318 words
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123 1978-12-07 12 STANDARD Chartered Merchant Bank and Standard Chartered Bank Ltd have signed a deposit facility agreement with the Bank of China in London for US$lOO million (Ss22o million) to cover financing of UK capital goods to China. Standard Chartered Merchant Bank said it started123 words
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Article129 1978-12-07 12 Reuter. SINGAPORE exports to Indonesia were halved in the first week after the 33.6 per cent devaluation of the rupiah, according to an Indonesian embassy spokesman here. He said exports of luxury goods dropped by 70 per cent but construction materials and industrial goods coveredReuter. - 129 words
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Page 12 Advertisements
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Advertisement151 1978-12-07 12 nusTßflunn mDusimm EquipmEm mode welL.works well...sells uiell Reliability, performance, quality of production and value for money, that's how Australian industrial equipment and machinery have gained increasing sales in world markets. The range is wide. From press brakes, guillotines, packaging machinery and materials handling equipment to pumps, machine drills, electric motors,151 words
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SHIPPING TIMES
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PORTSIDES
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Article115 1978-12-07 13 Managing director of Overseas Containers Ltd, Mr. Keith Reynolds, who is well-known in South-east Asian shipping circles, died in an accident in Hawaii on Nov 24. Mr Reynolds was also chairman of the Rubber Committee of the Far Eastern Freight Conference (FEFC) and he led the FEFC115 words
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Article100 1978-12-07 13 THE Far Eastern Freight Conference has introduced "received for shipment" bills of lading for containerised cargo leaving the recently-opened Busan Container terminal in South Korea. An FEFC spokesman said banks could negotiate letters of credit against the bills in place of "on board" bills of lading. But letters100 words
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Article28 1978-12-07 13 Reuter THE Australian Conference T.iwp« will reduce its UK currency adjustment factor (CAF) from plus 12 per cent to plus 5.49 per cent, effective Dec 12.Reuter - 28 words
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Article500 1978-12-07 13 RAHIM KASSIM - By RAHIM KASSIM ASEAN port authorities should organise exchange programmes to develop a better understanding of the problems and needs of the region's ports in order to promote closer working relations. Encik Harun Din, director general of the Kelang Port Authority, Malaysia who is500 words
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Article409 1978-12-07 13 Acoaas n 5 MwWtrki ACS n 5 Medtalae Alea IV 3 MHshln Aguila IV 2 mac AW IV 5 MOL iT** 1 ESS apl m a NavttriT Una Page Cai 1 V 3 r IV 1 iv a iv 4 n 4 pak) IV a n 5 Arya Nat409 words
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Article, Illustration51 1978-12-07 13 The Ml will be Meatleal to (ana to the rami bailt at Hill la 1784 Mi Betola. Extoraally, the ibip will be aa exact iapiieato «f the "Ma aad aaxlllary geaeratteg 0 Lieyi's Register's Wpertßeetiea Services Departmeat (Leadea) ami Yacht aai 8»m Graft Dcgartowt (Seathamptoa) have beea tovetve*51 words
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Article195 1978-12-07 13 AP RATES maintained their stability despite a quieter chartering pace on the London freight market oa Tuesday. No further trans-Atlantic grain traffic emerged, but US Gulf grain fixing to Eastern destinations strated a steady tone. Tradax fixed a lateDecember loader with fe,ooo tons for Japan at U5511.75, basisAP - 195 words
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3835 1978-12-07 17 SCHEDULE A guide to ships loading at Singapore for Ports around the World I The list below tabulates, by port of destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port3,835 words
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Article975 1978-12-07 18 r RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO AT CONTAINER TERMINAL VQ. (1) Each vessel's estimated time of arrival is advised by the Shipping Line. "..Ml, A fii>iit" 1 0 oiiKia/tf f A /^Hov>flPA qpXIQ SU«/Jvv v yXlctlAp^C (2) All export FCL containers and LCL cargo must975 words
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Article893 1978-12-07 18 The leading shipping lines operating from .Singapore and the local agents who handle cargo bookings for them Aconas Line— Acoaas Sdn Bhd. Adriatic Container— Container Feeders. AFEA Line— Singapore Shipping. Aguila Oriental—Same. Ahh Shipping- Sharjah. Alfred C. Toepfer Line—». Intermodal. Algerian National Line (CNAN) —Unipacific. Alpac893 words
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Article869 1978-12-07 18 FAR EAST FREIGHTS THE dripping market will Improve during the first quarter of 1979 because trade is increasing. Many tankers are being used for fuel products which creates demand for bulkers to transport grain. This demand is spilling into the Far East, especially for vessels of869 words
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Article358 1978-12-07 18 REPRESENTATIVES at a maritime MrfmsH la New York sa Mil af ended two days si talks lag the liapeadlag ratfflcattoa at the Haasharg ralea sf carrier eargs liability. The coherence, argaalsed by LLeyd's sI Lssdss, brssgkt tagether repreaeatatlves sf the US, UK, Earepe and rv —la358 words
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Article, Illustration286 1978-12-07 18 IAfEIIM) ARRIVALS TODAY KEPPEL WHARVES Able Reefer (0600 afte Vishva Aditya) 42/43 Ajana (0600) 15/16 Clifford Maer* (0800) 8/9 Golden Horse (1600 after Gerbera) 44 Hiap Soon No. 11 (0300 Menelaut) 47 Kota Mutlara (0700 after KoU Ratu) 10/11. NedUoyd Rio (OHO after Ncdlloyd Sinoutxkerk) 3/4. Palm286 words
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Page 13 Advertisements
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Advertisement254 1978-12-07 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA ANDCANADA Agents Barter Lines Singapore Pie Ltd Tel 9»SI Harrisons A Croslield Kuala Lumpur Tafc HMI/I Pernas-MiSC Penanq Tel ***** I \!< 1) I\ 1 I \ll Orient Overseas Contained Line f JUta* 4/12 10/1? 17/12 18/12 24/12 25/12 30/12 31/12 6/1 7/1 14/1254 words
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Advertisement212 1978-12-07 13 SSI SEALORD UJ i ANTAH 1 UASC UNITED ARAB SHIPPING CO (SAG)! All vessels ***** DWT, 105 TON H.L. Derrick 288 TEU Capacity, Long Length Capability. ARABIAN GULF WEEKLY SERVICE) S pore I Loading for DIRECT >3 u Spore Loading for Jeddah (20/12), Aqaba (25/12), Hodadahl (30/12) 2 Jeddah, Hodeidah.212 words
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Advertisement232 1978-12-07 13 IF mm toma? SiN(, at: BU SI NF' MAERSK LINE FULtT CONTMNEM2EO FAST OWECT MCfKLY >/U 11/12 "/12 11/12 VI vi Taiwan Japan and Koieai Stngapor* 11/12 IVI2 25/12 1/ 1 IT F0« tal Am < 14/u 12/12 a/u ant mm a/12 17/12 I 2V12 2V12 WU tint 22/tt m/u232 words
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Page 14 Advertisements
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Advertisement857 1978-12-07 14 rHapag-Uoyd k RUT OORmOBD 10 OMR J>m rJWH 10/1? 12/12 11/12 21/12 20/12 exports ui caj*i* Outalay 30/12 3/1 4/1 6/1 1/1 U/l 7/1 9/1 21/12 30/12 19/1 21/1 29/12 16/1 11/1 •rMMaV^nM 20/1 21/1 2/2 4/2 1/2 10/2 20/2 22/2 4/1 7/1 12/1 10/1 22/1 19/1 29/1 5/2 11/2857 words
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Advertisement513 1978-12-07 14 T»* nTfjTi F<* I Fefe 22 Feb 1) F* 27 Feb 14 Urn 2 Fife II Mr ieb 21 kit ter» FA 21 Har M* 21 Feb 25 M* 13 M* 34 F* 27 Mv IS 1 r T« CANADA/USA Padfc Cms! fmm ra 12-14/2 IS-11/2 14-14/2 19-21/2 79-29/2 11-12/11513 words
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Advertisement529 1978-12-07 14 I J L RUT CONTAROBED SEIWCE DUBAI 20/12 OMMAN 22/12 KUWAIT 24/12 ft. SHAWUR 21/12 KBOMf 4/1/79 lI.SO ACCEPTHG CARGO FOR BAHRAM AND ABU DHAB i n Nim /MIPPinG V TftflDinG PTI lto. rl KMSPEEO RS ***** Id *****37 *****11 EVERGREEN LINE tVERGREEN VARINE CORPORA^ FAR MP SEA. MEDITERRANEAN SEA529 words
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Advertisement446 1978-12-07 14 Everett Lines "BURMESE NATIONAL LINE" B F.S.S.C Agents in Malays* TEPS MALAYSIA Port Ma* Td (38) 7355 Penang T«l *****/***** ■wwioe hMesMdwßttl 1 A. C.l. F "ARGENtINE NATIONAL LINE* Tramoortaaon Maritimi Mcncwia S. "MEXICAN NATIONAL LINE uu: np 10A0MG rod CUSTOM COLON. SM WAN SMTO DONMGO. RMGSTON. ran Of SPMN.446 words
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Advertisement504 1978-12-07 14 SANKYO LINE 17/11 Bat IVM Ik RR, MEL 11/19 Bsc 11/17 »K GBUUmM. ME 24/34 IK 21/77 IK SID, ML. MB. BANGLADESH SERVICE UMD MOITS P. HUNG 17/11 MM 15/14 MM CMTTAGONK. (MUM OCEAN 94PHMS I OnCVKS PTE LTD SNGAFOK iu stnu/71 22*1370 i uam m mmu muni MA S504 words
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Page 15 Advertisements
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Advertisement773 1978-12-07 15 OCL Overseas Containers Limited FKOM UK/CONTMMT: Ktorg tnm t*m Havre SXM PU»« Spore tat Mt Na*u mbpra* UU kM faM bM 110k 14 Dk HK. KS tana MM SaM bM bM UM MOk ML IK. U In—Mm UM bM bu faM 20 0k She IM .KS MqE«a bM bM UM773 words
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Advertisement778 1978-12-07 15 GRANARD LINE ■ant iBPOMKi oog antss mrwct KST bobtoar east/kditerrakan Tfmt PJ*nf tan Uadtar ■MVJM 22 0k 26 0k 21 Dk Ophwti PSanl Alexandria Beirut/iattaAu/Pireaus/ t_. lst«W/ Tuns I RMS MIW-... Iha 10 tan 12 1m p Sa*/Ale.andna,Beirut Lattatia PireatlS 7r<Wi ta*»i"'Ma«bH Mt MM TAT *77* 1 Fefe 3F* J778 words
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Advertisement816 1978-12-07 15 Q BEN LINE jo 'ONTAINERjS e*f*» amtm* somct to/fhom Eutare Tokia Eiprets ttyrfCMMt* Osaka Bar lM|i Mn Haafkaaf Elprcu LnarpM Bay Rsraau Mm HaMvt >I—l Eipnu 12/12 IVI2 28/12 »/u VI VI 12/1 14/1 M-M6 B HAWN ROAM HAVRE SOION Germany, Anstru tatmt f'ance MUK Wl2 1/1 4/1 |/i 7/1816 words
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Advertisement629 1978-12-07 15 Y Scan Dutch *9 :i m: h i > **y.%in EASTBOUND FROM MED/UK. CONTINEWT/SCANDINAvU 1) C tart 2) HM| 3) r<* r«M S) l«H 4) ITsate t W»« Spore IHH SM bM SM faM faM bM VU VU nUK IM laM MM UM M/U IVI2 nan MM 31/12 25/12 TOTMM629 words
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Advertisement544 1978-12-07 15 GUTHRIE BOUSTEAD Sis THE BANK LINE LTD IMPS RX Ell mU ■«Mfi Mk {1. PC Mfrnl I Sim* (stoat btart/IStK Swn ES OR N1 INF EXPRESS SERVICE MRECT FROM SMGAfORE TO NEW ORLEANS. MOfRLE. HOUSTON. 6ALVESTON. ALSO ACCEPTMG CARGO FOR BANGKOK. MANR.A. TAIWAN. HONGKONG PUSAN AND MMN PORTS UULWUMIM). miiuMtiM*).544 words
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Page 16 Advertisements
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Advertisement803 1978-12-07 16 K LINE KAWASAKI KISEN KAISHA. LTD. (VM SUEZ fcy CeataMar TO BUBOM S pore f Kett«| I Ha»rt H'tturg Bremen fdam txr im* nm IT* lOk 9 Ok) 21 Dk 310k 2Jm 3Jm ik WPWW 19Dk 2BDk 71m 9Jm II km 11 Jm 12 Ji (WW OBUI *Dk27 Dk 14803 words
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Advertisement698 1978-12-07 16 I.SJI/UST CAHAOA SOIKt hcceptk fa/ia 14/150K WHOK kN/lftt 11/13 tec LC./CttAT LAKES SERVICE im*i tv: nrau m nm. i cauforhia/pacfic nmtn hist semce im*i hr los Mtaa. m frmcbco. suttu. tacom. mama. «.c r«M| PMm SUM) i»i L A««toJ NA6AUHT l/ltki 11/13 Bw 4ln M MONRO" 2/4 In V7ta» Vliki698 words
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Advertisement671 1978-12-07 16 NEPTUNE ORIENT LINES LTD FULLY CONTAINERISED SERVICES: FAI-EAST/EUtOPE FULLY CONTMNEASED SERVICE TO EwOft (vM SUEZ): S par* P Mtaal St* Hm KWr| Oreai ttm *'«*l IVMCKMLtfIkc llacf 27M S M 31 Bk 2M I M ■nia— mm2o m si* 7 m «im 10 !m u m u* oam It Dk671 words
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Advertisement575 1978-12-07 16 I MJDOftc} £3 M4/v«YSIAM miTfmdAnONAl SMWftNG CORPORATION MMMO EXPRESS FULLY CONTAMERISED SERVICE TO/FROM MED/UK/CONTMENT/SCANOMAVI f Wa*| Vessel S pore 1) IMh 2) Mm 3) Ktom 4) Cta| MM nwi 12/12 a/12 M/ 12 2/ I VI 10/12 WLMm 21/12 vi VI M/l 12/1 IVU MM M/ 12 12/1 17/1 IVI575 words
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Advertisement527 1978-12-07 16 "n'u ii I -I**• INTRaSEfI (PTC) LTD Vr u. ALPAC LINE SOUTH AFRICA SERVICE P Kctanc Penanj Lm*| far 12 OK 10 OK V.33 31 Ok 3J» Ok Reunoti/ftUjunga Capetown/Durban l» Reunion Durban P E beth Capetown CD L 9 TJUtU MR 73M87 m t luaas mm*, mm tmsn SECAM527 words
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Advertisement237 1978-12-07 17 NAMYANG LINES r' »!Gl »B N n N ON'ffHVt Sfß«. C;S >'i» f£ S' M' 01' i »B»h| iS S'pon P.KtUni Penang Lm*| tar 17 Dk 19 Dk 21 Dk P Sad/Benit/latta*ia Pirwus/lsUntwJ/Tripoli Benfluzi/Maindru Lmatsoi. < Jan 11 Jan —do Banc»ni/Tr»al (l*yi) by bM*friiw> na Pfraaus NAMYANG OOIM V.IN I237 words
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Advertisement125 1978-12-07 17 gi LORD STEAMSHP CO. S.A. TMMN/STUnVTMMN EVKSS LIB »WX udh( far Part K4anf. taang, KmDmc. K«hMm| STOW fJSUNfi HUMS TAMMI LOOM FATT 11/12 DK 13/14 DK 15/11 OK 23 DM LOON CHOW 21/30 DK 31/ IJM 2/ 3J» 10 Im HJT H/UIK 13/14BK ll n NEW ASIA SUPPING CO., LTD125 words
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Advertisement149 1978-12-07 17 MEDAFRICA LINE NAvIGAZIONE SAN PAOLO s p. i REGULAR HMTUr OKCT SERVICE FMM Mm TO PORT HARCOUtT MS LAGOS (MOM) SWGAPORE LMOS PJMRCOUtT (B.T 1973) 21 Dk 24 Jan 31 Iw sf* n tim 24 FA 2 Mar 'A liji TRANS FREIGHT LINES, INC. SM CQNTMO mm I 2" H/l149 words
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Advertisement300 1978-12-07 17 DAIICHI CHUO RISEN i KAISHA, TOKYO R M.V. "MINDANAO 1/ LIGHTER- FROM YOKOHAMA ARRIVED ON 28TH NOVEMBER, 1978 AT PAA. GO DOWN NO. 18/14 General Survey on damaged cargo discharged ex the above vessel will be held on 11th December, 1978 as from fI.OO ajn. to 1.00 p.m. No further300 words
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