The Business Times, 24 February 1977
1977-02-24
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The Business Times
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Title Section10 1977-02-24 1 BUSINESS TIMES M.C.(P) 300/1/77 THURSDAY, FEBRUARY 24, 1977 50 CENTS10 words
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NEWS IN BRIEF
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Article65 1977-02-24 1 UPI TOKYO, Wed. Mr Kim Jung-11, son of North Korean President Kim 11-Sung, has been chosen the successor to his father, the Kyodo News Agency said today. Quoting well Informed Korean sources on North Korean affairs, Kyodo said the 38-year-oid younger Kim was recommenaea Dy uieUPI - 65 words
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Article65 1977-02-24 1 UPI BANGKOK, Wed. Thai Prime Minister Thanin Kraivlchien has indefinitely postponed a trip to Japan scheduled for mid-March, Foreign Minister Upadit Pachariyangkun said today. Speaking to newsmen before his departure for Manila, Mr. Upadit said Japanese officials asked Mr. Thanin to reschedule his trip to TokyoUPI - 65 words
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Article75 1977-02-24 1 AP TOKYO, Wed. Japanese and Chinese government officials will meet for three days in Tokyo from March 2 to exchange views on the present state of bilateral trade and Its future outlook, the Foreign Ministry said today. At the meeting, the officials will also discuss the possibilityAP - 75 words
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Article49 1977-02-24 1 AP JAKARTA, Wed. President Suharto has approved an agreement protecting against nationalisation and confiscation of British investments by the Government, the Investment Board said today. The approval Is retroactive to Feb 21 and is applicable to investments contracted after Jan 10, 1967, a spokesman said. AP.AP - 49 words
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Article77 1977-02-24 1 AP KUALA LUMPUR, Wed. Malaysia is willing to offer incentives to foreign Investors to set up export-oriented industries In rural areas, Mr J. Jegathesan, head of the investment promotion unit of the Federal Industrial Development* Authority said today. In a briefing to a Japanese trade mission, heAP - 77 words
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Article50 1977-02-24 1 KUALA LUMPUR, Wed. The number of Jobseekers registered with employment offices throughout Malaysia at the end of last year was 113,399 a decrease of 701 over the corresponding period in 1975. Peninsular Malaysia registered 104,614 Job seekers an Increase of 3,833 over last month's figure of 100,784.50 words
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Article36 1977-02-24 1 AP TOKYO, Wed. Japanese ambassadors stationed in Europe will meet in Paris on March 4 to discuss Japanese policies toward Europe, especially trade policies with the European Community, the Foreign Ministry said today. AP.AP - 36 words
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Article38 1977-02-24 1 UPI NEW YORK, Wed. Dow Jones averages, based on the first hour of trading today on the New York Stock Exchange: 30 indus 940.24, up 0.33; 20 transp. 32: o" 5 105 92 0 29: 65UPI - 38 words
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Chief Price Changes
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Article, Illustration172 1977-02-24 1 IN quiet trading at the Stock Exchange of Singapore yesterday, shares suffered further losses. However, these were marginal in extent. Option trading was also featureless. Reflecting the lacklustre conditions, both the Business Times and Straits Times Industrial indices were fractionally changed at 263.55 and 253.35 respectively. Falls172 words
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Article125 1977-02-24 1 Falls Most active Temenggong *1 25 -.10 Malayan Credit 375,000 Rahman Hyd $2 90 08 Gen tings 208,000 Sg Bagan O C B C U AC 11 55 -.06 Haw Par 63,000 $7.55 S3 48 05 04 -.04 04 -.03 03 -02 Central Susars 59.000 TaiplngCon Ldn125 words
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1637 1977-02-24 1 QUEK PECK LIM - THE MORE YOU SPEND, THE MORE YOU PAY.. Br QUEK PECK LIM THE Prime Minister, Mr. Lee Kuan Yew, said yester- day that an expenditure tax, such as was used in Europe, might also be appropriate for a developing country such as Singapore.1,637 words
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825 1977-02-24 1 e ATTEMPTS to secure more favourable tax treatment ,r for life Insurance In Slnga- pore have not been aban- doned, despite official oppo--5 sltlon so far to such reforms. At least one back- bench MP Is understood to be taking an Interest In this825 words
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Article132 1977-02-24 1 THE Singapore Chinese Chamber of Commerce (SCCC) will hold a final election this afternoon, to elect the president of the management committee. The candidates for this post have been shortlisted to five present and former vice-presidents from the two largest groups, Hokklen and Teochew. They are Messrs.132 words
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140 1977-02-24 1 Reuter GENEVA, Wed. —A British Government proposal to tax airlines for airport security measures could cause a chain .reaction and lead to higher air fares, Mr Knut Hammarskjoeld, director general of the International Air Traffic Association (lata) said yesterday. Mr. Hammarskjoeld, answering reporters' questions,Reuter - 140 words
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232 1977-02-24 1 Reuter LONDON, Wed. International Tin Council (ITC) chairman, Mr. Peter Lai. said yesterday he has not changed his long-held view that the US will eventually release more surplus tin from its stockpile. The reiteration of the ITC's chairman's previously reported belief inReuter - 232 words
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Article285 1977-02-24 1 THE Asean preferential trade agreement that will be signed In Manila today, will herald the beginning of a 1 project to promote regional 6roducts, the Foreign Ilnlster, Mr. S. Rajaratnam, said yesterday. Speaking to newsman shortly before leaving to attend the Asean foreign ministers' meeting285 words
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Article186 1977-02-24 1 SINGAPORE'S 12-year 50 million Swiss franc bond issue, which was offered for public subscription In the Swiss capital market from Feb 16 to last Tuesday, has been oversubscribed. This was announced yesterday by the Union Bank of Switzerland, lead managers of the issue, which said186 words
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Article201 1977-02-24 1 THE Asian Development Bank does not appear to be an attractive funding souroe for Singapore. The recent ADB loan to the Public Utilities Board (PUB), details of which were presented to Parliament last week, was lent at a fairly high rate of interest. Even with a government201 words
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Page 1 Advertisements
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Advertisement59 1977-02-24 1 Colour TV is simply great INSIDE Overseas news/TV A Local stocks P 6 Radio p 2 Overseas stocks —P 7 Overseas news/ Commodities -PSFeatures -P 3 ransport Com- munications P 9 Local Co news p 4 Feature .Din munications P 9 f°cal Co news p 4 Features r PlO International59 words
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Advertisement40 1977-02-24 1 CS-2164 12- digits with Display and Memory Percent Key, Automatic 3-digit punctuation Sole Agents RQXY (STORE) PTE. LTD. 483, Tanglin Halt Road, Singapore 3 Tel: *****1. ROXY(MSIA) SDN BHDt Lot 16, Jalan 223. Section 14, Petaling Jaya. Selangor Tel 03-*****740 words
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Advertisement308 1977-02-24 1 WHISKY 100% SCOTCH WHISKIES blended and bottled in Scotland t under Government Supervision Imported by Cold Storage Which bank works for you around the clock, and around the world? We do. Bank of America, foday. when world-wide money markets and exchange rateschange rapidly, the ability to make on-the-spot decisions quickly308 words
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OVERSEAS
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399 1977-02-24 2 Reuter TEL AVIV, Wed. Israel's Labour Party decides today who will lead It In the general elections on May 17 Prime Minister Yitzhak Rabin or Defence Minister Shimon Peres and the voting Is expected to be close. Supporters of both men InsistedReuter - 399 words
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382 1977-02-24 2 UPI LONDON, Wed. Britain's new Foreign Secretary David Owen says he is ready to go to Africa and talk to anyone there if this would help promote a peace settlement in Rhodesia. But he told a news conference yesterday less than 24UPI - 382 words
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170 1977-02-24 2 Reuter JAKARTA, Wed. President Suharto conferred today with leaders of the three political parties which will start a two-month general elections campaign tomorrow. The talks were believed to have dealt with the coming elections on May 2, the second since Suharto came to powerReuter - 170 words
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Article81 1977-02-24 2 Reuter TOKYO, Wed. The first preparatory meeting for a summit conference of Western industrial powers will be held in Washington on March 12 and 13, Japknese government sources said. The US, Britain, Canada, France, Italy, Japan, West Germany and the European Economic Community are expectedReuter - 81 words
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Article106 1977-02-24 2 Reuter WASHINGTON, Wed. President Carter has put back for one year the US contribution to a proposed 51.5 billion rs*3 7 billion) loan to Portugal from a group of lndustrlp'ised countries. In the budget rec jmmendations sent to Congress yesterday Mr Carter said additionalReuter - 106 words
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Article87 1977-02-24 2 Reuter ROME. Wed. EEC Commission, president Roy Jenkins yesterday discussed Italy's economic proDiems with Prime Minister Glullo Andreottl and Treasury Minister Gaetano Stammatl. Mr. Stammati told a press conference that Mr. Jenkins assured his support for Italy's applications to the International Monetary Fund forReuter - 87 words
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Article46 1977-02-24 2 Reuter TOKYO. Wed. Japan's Federation of Bankers' Association said It will dispatch a mission to China in early May, at the Invitation of the Bank of China. The 16-member mission will visit Peking and three other major cities for 10 days from May 4. ReuterReuter - 46 words
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443 1977-02-24 2 DEFEATED IN PARLIAMENT BILL Reuter LONDON, Wed. Britain's Labour Oovernment suffered a major defeat In Parliament last night which could crush Its present attempt to set up separate parliaments for Scotland and Wales. The Government, aiming to give a measure of selfgovernment to the twoReuter - 443 words
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456 1977-02-24 2 Reuter CHICAGO, Wed. Guidelines issued in late 1976 by the US Comptroller of Currency covering banks trading In Treasury Bill futures have created uncertainty In the market, analysts said. They have led at least one major Chicago bank to cut back significantlyReuter - 456 words
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263 1977-02-24 2 Offshore banking will be 'complementary Reuter MANILA, Wed. British bankers said today that the establishment of offshore banking In the Philippines would complement existing offshore facilities rather than compete with them, and would assist In their general expansion. The bankers were replying to questions at a news conference at theReuter - 263 words
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Article197 1977-02-24 2 UPI TOKYO, Wed. The backlog of export ship orders held by Japanese yards has declined In both tonnage and value during the last 10 months, the Japan Ship Exporters Association (JSEA) reported yesterday. A JSEA spokesman said that at the end of January, Japanese yardsUPI - 197 words
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85 1977-02-24 2 Reuter PARIS, Wed. French economic activity is likely to stabilise in the first half of this year after slowing in the previous half, though activity last month showed a decline compared with December, the .Paris Chamber of Commerce and Industry said in its latest monthlyReuter - 85 words
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Article121 1977-02-24 2 Reuter PARIS, Wed. The French government will make loans totalling up to three billion francs (about SSI.S billion) to exporting firms, to increase the share of exports in their total sales, Foreign Trade Minister Andre Rossi said. He told a press conference firms will haveReuter - 121 words
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Article133 1977-02-24 2 Reuter LONDON, Wed. Britain's unemployment fell 6,300 in February from January to 1,278,300, seasonally adjusted and excluding school-leavers, the Department of Employment announced. Following a January rise if around 15,000, February .howed only the second fall in monthly unemployment in the past year but the figuresReuter - 133 words
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95 1977-02-24 2 Reuter WASHINGTON, Wed. The White House said Initial discussions by the Amlnlstratlon with business and labour will not Involve any present planned f>rlce Increase or specific abour/management contract. It made the statement to clarify an announcement the Administration plans to hold talksReuter - 95 words
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Article68 1977-02-24 2 Reuter PRETORIA, Wed. South African gold holdings were unchanged at 375.9 million rand last week, the Reserve Bank said. Total gold and foreign assets declined 0.9 million rand to 699.9 million rand. In its weekly return to Feb 18, the Bank said bills rose 3.9 million randReuter - 68 words
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309 1977-02-24 2 Reuter MANILA, Wed. The director-general of Britain's committee on Invisible exports, Mr. William Clarke, today forecast the Britain's balance of payments would be In surplus and that after 1981 It would be able to clear Its debts. He made the forecast atReuter - 309 words
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222 1977-02-24 2 UPI NEW YORK, Wed. Premier Rupert J Hamer of Victoria, Australia, called on American businessmen yesterday, to Invest In his state because It had "abundant supplies" of cheap energy, In addition to other attractions. Mr Hamer, leading a top level industrial Investment mission toUPI - 222 words
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Article129 1977-02-24 2 Reuter NEW YORK, Wed. Manufacturers Hanover, Trust president Mr. John McGilllcuddy said he does not expect a substantial change in loan demand for the next five to six months. Mr. McGilllcuddy told reporters there is some difference of opinion within the banking community whetherReuter - 129 words
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Article113 1977-02-24 2 Reuter NEW YORK. Wed. Recent severe weather In the US will stabilise short-term Interest rates at present levels for the next two months, Chase Econometric Associates said. Before mid-year, however, the Inflationary effects of the cold weather will begin to show up In money market rates whichReuter - 113 words
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393 1977-02-24 3 UPI WASHINGTON, Wed. Calling discrimination arising from Arab boycott de- mands "abhorrent," the biggest US business groups nonetheless want Congress j to modify proposed antiboycott Bills or drop the Idea altogether The ousiness assocla- > tlons, including the National Association of Manu-UPI - 393 words
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Article, Illustration326 1977-02-24 3 Reuter RIYADH, Wed. Saudi Arabia said last night It would blacklist International companies which overcharged it for their goods or services. A government statement, reported by the Saudi Arabian News Agency, accused some foreign firms of inflating their costs to unacceptable levels. "Companies whichReuter - 326 words
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Article, Illustration753 1977-02-24 3 AP WASHINGTON, Wed. US Defence Secretary Harold Brown, saying there Is a "real possibility" of American troops becoming engaged In combat, yesterday defended President Carter's defence budget as adequate to the United States' military needs. Dr. Brown testified before the Defence Subcommittee ofAP - 753 words
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Article135 1977-02-24 3 AP WASHINGTON, Wed. The Honda Civic CVCC has proved most miserly on gasoline of the automobiles being offered for sale in the United States, according to the US environmental protection agency. The diminutive Honda posted 80 km per gallon in highway performance and 40 MPG inAP - 135 words
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Article92 1977-02-24 3 UPI TOKYO. Wed. China has agreed to study a request from Japanese shippers for resumption of container service between the two countries, Mr. Sadao Kawai, director of Shln-wa Shipping Co. (SKK) said yesterday. Mr. Kawal returned recently from a three-week visit to China, where heUPI - 92 words
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753 1977-02-24 3 L. SILK - By L. SILK NYT THE effort to explain why the current business recovery Is so sluggish and what can be done to make the economy take off Into sustainable and noninflationary growth has come to focus on the weakness of business InvestmentNYT - 753 words
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340 1977-02-24 3 AP ANCHORAGE (Alaska) Wed. Three officials of the Japan Fiaheriea Association are in Anchorafe this week in an effort to encourage friendahip and cooperation between the Japaneae and Alaaka fishing induatriea. One of thoae officials, Hideo Morita, told an Anchorage audience onAP - 340 words
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250 1977-02-24 3 UPI TOKYO, Wed. A world wide shortage of cashew nuts has doubled their wholesale price in the last year and there is little prospect of a turnaround In the near future. Tokyo food Industry sources said today. India, the principle supplier of processedUPI - 250 words
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Article227 1977-02-24 3 UPI MADRID, Wed. Finance Minister Eduardo Carrlles Galarraga yesterday announced an eight-point plan to see Spain's recession-stricken economy through the general elections and the formation of a new government In early Summer. Mr. Carrlles said the medium-range measures are dsslgned to strengthened the nation's free market economyUPI - 227 words
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Article189 1977-02-24 3 AP WASHINGTON, Wed. The United States, as a part of its new energy policy, should reduce Imports to a level that would remove the threat of political or economic blackmail, Frank Ikard, president of the American Petroleum Institute (API), said yesterday. "Such a goal out toAP - 189 words
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Article, Illustration275 1977-02-24 3 Reuter LONDON, Wed. Britain's Labour Government yesterday announced plans for new controls on prices which It hopes will encourage trade union leaders to accept a third year of restraint on wage rises. The new measures, devised by Prices Secretary Roy Hattersley,Reuter - 275 words
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Article206 1977-02-24 3 Reuter TEHERAN, Wed Some of the companies which boycotted Iranian oil last month because of a 10 per cent price rise have resumed purchases, a leading oil official said here today. The state-owned National Iranian Oil Company (NIOC) earlier threatened to blacklist the firms, which wereReuter - 206 words
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Article31 1977-02-24 3 RANGOON, Wed. Burma's ruling Socialist Programme Party favours a 360-km coastal economic zone, according to a report presented by Secretary General San Yu to the third party congress yesterday.31 words
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Page 2 Advertisements
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Advertisement195 1977-02-24 2 Have you *£ot your copy of die 1978/77 BUKUMERAH? The complete filing cabinet on the Singapore business scene ALPHABETICAL INDEX information I r BT) nu f |i|JM m directory of SINGAPORE 1976 T g* PRAS£R I It's the 1976/77 "Red Book" the office/library reference book covering the business scene in195 words
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Page 2 Miscellaneous
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Miscellaneous303 1977-02-24 2 WEATHER report for 24 hours prior to 7.30 p.m. on Feb 23 at Singapore airport: Maximum temperature 26.7° C Associated humidity 87 Minimum temperature 22.5° C Associated humidity Hours of sunshine 0.00 Rainfall in millimetres 0.5 Total rainfall for the month 85.1 Total rainy days for the month 12 RADIO303 words
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Page 3 Advertisements
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Advertisement54 1977-02-24 3 THE ASIAN NEWS WEEKLY SNAKE YEAR SPECIAL THE YEAR AHEAD BY SINGAPORE BANK CHIEF TAN KENG YAM SNAKE YEAR SPECIAL RSMUEEK 3 yIL A SALE ONLY $1.50 SEND ME ASIAWEEK 30 WEEKS FOR $25 Address Telephone Cesh Enclosed Bill me signed MAIL TODAY TO: Crown Mail Pte Ltd. G.P.O. Box54 words
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Advertisement427 1977-02-24 3 MC.P 1621/77 VOL 1 NO2 «*<:.£ HOO y n v The people who matter already know us. Join them. Get a copy from your newsvendor or mail this coupon now and get a free slip-case which will hold the 12 issues. Subscribe now and get 12 issues of Singapore Business427 words
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COMPANY NEWS
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Article167 1977-02-24 4 Currant Ex Date Total for Total for payment Date payable the year previous year Strait* Times 27.5% Feb 11 Mar 3 27.5% Time* Publishing 17.5% Feb 11 Mar 3 27.5% 25% M. Tobacco 35% Feb 7 Mar 18 50% 40% Idri* Hyd 30%+ Mar 25 90%+ V 71.5%167 words
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Article164 1977-02-24 4 Mr. Joseph M. Edgar, president of the Joint Council of Teamsters no 37, has been elected president of the Port of Portland, Oregon, Commission for 1977. Other officers elected at the regular monthly meeting of the Commission were Mr. F. Glen Odell, vice-president. Mr. Lawrence S. Black,164 words
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COMPANY MEETINGS
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Article19 1977-02-24 4 THE following company meetings are due: Feb 25, 12 noon, at 4701 OCBC Centre, Singapore 1.19 words
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Article16 1977-02-24 4 Feb 28. 10 a.m.. Registered Office, Ist Floor, M.C.A. Building. Jalan Brewster. Ipoh.16 words
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Article15 1977-02-24 4 Feb 28. 12 noon, at Supreme House (11th Floor), Penang Road, Singapore.15 words
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18 1977-02-24 4 Feb 28, 12.30 p.m. at Supreme House (11th Floor), Penang Road, Singapore.18 words
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19 1977-02-24 4 IBVUWU Mar. 4, 11.30 a.m., at Hotel Negara, 19 Claymore Drive, Singapore 9.19 words
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Article, Illustration1574 1977-02-24 4 AFTER raising earnings to a peak In 1974, Kuala Lumpur Kepong appears to have fallen Into a trough from which It Is unlikely to emerge for another couple of years. The slide started In 1975 when group pre-tax profit fell 6.7 per cent and1,574 words
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548 1977-02-24 4 THE Johore State Eco- i nomic Development Corpo- ration has signed a US$B 1 million term loan to fl- i nance the general develop- ment of Its projects, parti- < cularly In agro-based Indus- tries. Interest on the 6Vi year loan, arranged by Aseambank548 words
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Article122 1977-02-24 4 THE Kuala Lumpur Stock Exchange has asked Malayan United Industries for further details on Its acqulsatlon of an additional 280,000 MSI shares In subsidiary United Continental Insurance. It would like to know the effect the acquisition has on the asset backing/earnings per share of122 words
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564 1977-02-24 4 AS anticipated, Prima (Flour Mills) has decided to make a scrip Issue of one-for-three against a poor set of results for the year ended Dec 31. 1976 Following the decline of 26.7 per cent in 1976, group net profit fell a further 23.8 per564 words
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Article1363 1977-02-24 4 OPTION A. V/ KfM. APL J JLY OCT STOCK Alcoa 50 4 3 4 5 3/4 6 7 /8 54 Alcoa fill 1 4 1 1'8 12 54 4m Tel 50 UNTRD NOL NOL 63 5'8 4m Tel 55 9 1/4 9 7 '8 NOL 63 5/81,363 words
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Page 4 Advertisements
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Advertisement536 1977-02-24 4 Good reading on from Penguin China the most populous nation in the world. Fast emerging as a major power in world politics. Isolated from the rest of the world for over two decades, world attention has nevertheless turned to this most enigmatic of nations time and again. Starting with Nixon,536 words
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INTERNATIONAL COMPANY NEWS
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Article167 1977-02-24 5 Reuter NEW YORK, Wed. With Its domestic operations making all the running, Firestone Tire and Rubber has achieved a 17.7 per cent rise In net profit to U5523.3 million ($19.8 million) In the first quarter ended Jan 31, 1977. The profit Increase was achieved on the backReuter - 167 words
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Article47 1977-02-24 5 NEW YORK, Wed. For the 12 months ended Jan 31, 1977, Commonwealth Edison has reported net profit of U*****.54 million, up from $1.74 million last time. Earnings per share came to $3.24 compared with $3.04 previously. Revenue was up to $1.93 billion from $1.74 billion.47 words
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Article172 1977-02-24 5 MELBOURNE, Wed. EZ Industries has enjoyed a 163 per cent Jump In net profit tax A 56.98 million ($2.65 million) In the 28 weeks ended Jan 12, 1977, on the back of a sales rise of 15.4 per cent to $74.8 million ($64.8 million).172 words
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Article99 1977-02-24 5 HONGKONG, Wed. Hongkong and Shanghai Banking has reported a 14.1 per cent rise in 1976 nonconsolidated net profit to HK5356.39 million ($312.31 million), including dividends from subsidiaries. Group net profit Is estimated at $390 million, up 17.1 per cent from $333 last time. The bank has raised99 words
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122 1977-02-24 5 Reuter SAN FRANCISCO, Wed. Standard Chartered Bank of London announced here It has offered to acquire Bancal Trl-State for US$l3O million In cash or $30 a share. Bancal Tri-State, in response to a Reuter inquiry, said the Standard Chartered offer Is under study andReuter - 122 words
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Article115 1977-02-24 5 Reuter NEW YORK, Wed. Trans World Airlines said yesterday it had a loss of US$l6.6 million In January, compared with $13.7 million last year, although comparisons were influenced by the extreme winter weather. It said this resulted in the transportation of higher cost fuelReuter - 115 words
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Article316 1977-02-24 5 AP WASHINGTON. Wed. Representatives of American business Interests complained yesterday that proposed anti-Arab boycott legislation would extend "American Imperialism" Into nations friendly to the United States. The proposed law, they told a Senate banking subcommittee, would have the effect of telling sovereign nations that US lawAP - 316 words
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Article147 1977-02-24 5 Reuter DETROIT, Wed. Chrysler chairman Mr. John Rlccardo told a press conference the firm s costs have risen about US$lOO per car In the last quarter but It does not think the market will support another price increase at this time. Chrysler president Mr. Eugene Caflero toldReuter - 147 words
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117 1977-02-24 5 UPI SOUTHFIELD, Michigan, Wed. Bendlx a multinational car parts manufacturer, said yesterday an Internal investigation uncovered "improper payments" totalling US$BO,OOO by foreign affiliates which It did not identify. The company, which was headed by Treasury Sec- retary Mr. w: Michael Blumenthal before his appointmentUPI - 117 words
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Article778 1977-02-24 5 VARTANIG G. VARTAN - By VARTANIG G. VARTAN NYT ONE OF the cherished goals of investors is to find "the next IBM or the next Xerox" and thereby cash in on the dynamic growth of some relatively unknown company. But, in the face of Wall Street's changing environment, investors may haveNYT - 778 words
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106 1977-02-24 5 Reuter MILAN, Wed. Industrie Pirelli, the main operating subsidiary of Pirelli Spa, Is expected to reduce 1976 losses to under two billion lire, from 27.4 billion In 1975, a company spokesman said. Operating profit for industrial and commercial activities rose to around 45 billionReuter - 106 words
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Article33 1977-02-24 5 BASLE, Wed. Schwelzerlscher Bankvereln has reported net profit of 226 million francs (199.8 million francs) for 1976. It has proposed a dividend of 10 francs (unchanged without adjustment for capital Increase).33 words
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Article1082 1977-02-24 5 Thomas E. Mullaney - FUEL CUTBACKS By Thomas E.Mullaney NYT AKRON, Ohio, Wed.. It Is hardly the most Important enterprise in this major Industrial city, but one of the most-discussed projects in business circles these days is the effort being made by non-energy companies here and elsewhere In OhioNYT - 1,082 words
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Article127 1977-02-24 5 Reuter HONGKONG, Wed. Tal Cheung Properties and Y. Lee Enterprises have agreed on a bid by Tal Cheung for the 63 per cent of Y. Lee shares which it does not already own. Tal Cheung will make a cash offer of HKSI.I3 perReuter - 127 words
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Article133 1977-02-24 5 UPI DOTHAN, Alabama, Wed. Sony of America announced the opening of a tape manufacturing facility here yesterday and said It plans to double the size of the factory for a total Investment of US$3B million. Gov. George Wallace and Japan's Ambassador to the United States,UPI - 133 words
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Article80 1977-02-24 5 Reuter ROCHESTER, N.Y., Wed Eastman Kodak said It has produced two new microfilm processors which give greater flexibility to microfilming operations. The company Introduced the Kodak Prostar I Processor, a basic processor for use with microfilm rolls from 0.6 to 65 metres, and the Kodak Prostar 11,Reuter - 80 words
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904 1977-02-24 5 NYT NEW YORK, Wed. The New York Stock Exchange and The American Stock Exchange are "extremely close" to finding a formula that will permit them to merge, according to Wall Street sources. They added, however, that certain unresolved Issues might delay theNYT - 904 words
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Article399 1977-02-24 5 Bath Portland buoyant FT LONDON, Wed. Despite the severe curtailment of the construction Industry, second half profit of the Bath and Portland Group expanded from £1.31 million to £2.17 million., pushing the total for the year ended Oct 31,1976 up to a record £3.25 million, compared with £2.09 million forFT - 399 words
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125 1977-02-24 5 Reuter LONDON. Wed. Mr. Roy 1 Fraser. leader of 3,000 tool- < room workers oh unofficial 1 strike a British Leyland, said he will not obey a direc- 1 tive from the executive of the Amalgamated Union of Engineering Workers to I returnReuter - 125 words
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Advertisement471 1977-02-24 5 Southeast Asia has as many faces as there are eyes in a peacock's tail And the Straits Times Annual has painted them all, in peacock-colours. Living up to a long-established record of quality reporting on the culture, on history and social fabric of our region, this year's Straits Times Annual471 words
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Article2075 1977-02-24 6 Gr'» Gr'» Vet 1976/77 Lilt div Div yld P/E Vol Dav High Low Company Sale OT- c 'vr (000) High Low SECTION ONE INDUSTRIALS 175* 133 Acma 142 -1 12.ON 1.1 8.4 7.1 3 143 142 131 130 Acma A 130 unch 12. ON 1.1 9.2 0.52,075 words
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Article1164 1977-02-24 6 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 K'ted after the word "Sett." Board deals1,164 words
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Article1310 1977-02-24 6 BID and offer prices officially listed and business In and reported to the Kuala Lumpur Stock Exchange yesterday with number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified. industrials Aetna (1 438 1.158). A. Tim (0 488 0 509) (2) 0491,310 words
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Article161 1977-02-24 6 STRIKING prices of the stock options officially listed on the Stock Exchange of Singapore, the periods, bid and offer prices and business done yesterday, with the number of options traded shown in brackets. D.B.S (June $3.90) (0 278) (2 0 26. (2 0.26W, (3) 0.27: (Sept $3 90)161 words
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Article164 1977-02-24 6 SINGAPORE UNIT TRUST (Managers' prices for Feb 24) INCOME BOND UNIT The Commerce 1.77 1 87 (Current pricea) The Saving Fund 0 96 1 01 INCOME BOND .1.10 1.16 S pore Prog Fund 0 81 0.86 S pore Security Fund 1 38 1 46 MARA BUMIPUTRA FUND S164 words
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Article125 1977-02-24 6 Orient Leasing 8 1/4% 19X2 (50,000) <99%8 100'.S) 5 1/2% 1/12/77 (1,000.000) (101 558 101 655) 5 1/2% 15/4/78 (1,000,000) (101 608 101.78S) 5 1/4% 15/7/78 (1,000,000) (101 558 101 60S) 6 1/2% 15/8/78 (1,000,000) (103 358 103 50S) 7% 1/7/79 (1,000,000) (104 858 105 00S) 5 1/2% 1/10/77-79125 words
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Page 6 Advertisements
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Advertisement199 1977-02-24 6 Contents Part One The Tripartite Alliance Operation of the Lews The Low-Level Wage Problem Manufacturing in 1974 Guide to Industrial Training Part Two Employment Act Reguletion of Employment Act National Servicemen (Employment) Act Employment Agencies Act Central Provident Fund Act Administration of Muslim Law (Amendment) Act Industriel Relations Act Trade199 words
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Article465 1977-02-24 7 SHARES continued to Buffer •mall loeeee in lacklustre trading at the Stock Exchange of Singapore yesterWith the withdrawal of buyers on moat front*, the market wai left to drift downwards. However, there was no concerted telling Cessure. Or losses would ve been widespread and wider in extent.465 words
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Article448 1977-02-24 7 PRICES tended mixed In fairly active trading at the Kuala Lumpur stock market yesterday. The change In sentiment, which was more evident In the afternoon session, was partly prompted by better Incentives to deal yesterday. This was despite a further drop of four points In448 words
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138 1977-02-24 7 HONGKONG, Wed. Reporting a 26 per cent rise In net profit, Hongkong and China Gas today proposed a rights issue of one-for-flve at HKSI4. Net profit for 1976 rose to $16.4 million ($12.97 million) and the company has raised the total dividend to138 words
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WALL STREET AND OTHER OVERSEAS MARKETS
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Article1250 1977-02-24 7 NEW YORK: Concern about US business prospects and a bearish report on the economy depressed stock prices moderately in the slowest trading session of the year on Tuesday. But the stock of International Business Machine* Corp, an institutional favorite, advanced strongly after the company announced It is tendering1,250 words
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Article282 1977-02-24 7 ZURICH: The market was slightly irregular with a firmer undertone In small trading, dealers said on Tuesday. Swissair and banks were very steady Among flnanclals. small rains Dredominated. while Insurances drifted mainly lower apart from firmer Balolse participation certificate. Maag registered and Ocrlikoa-Buehrle were firmer. In leading Industrials, BBC'282 words
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Article340 1977-02-24 7 FRANKFURT: Shares were mixed on Tuesday after Monday's easier trend in quiet, thin trading with the bourse closing early for carnival celebrations, market sources said. Mast leading banks and chemicals closed up to 1.40 marks easier, wnne motors and engineerings recovered up to 2.50 (BMW) and 2 30 K340 words
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Article321 1977-02-24 7 TORONTO: Golds hit a 19month Index high but the balance of the market trended narrowly lower at the close of light trading on Tuesday Searram fell 7/8 at 23-1/4. National Trust 3/4 at 18-1/2, Fa Icon bridge Nickel 7/8 at 301/8. and T.G. Bright A 1-1/8 at 57/8 on321 words
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Article168 1977-02-24 7 MILAN: Stocks eased in thin dealings. Influenced by selling orders from Investor profittaking. Dealers said on Tuesday. Generate Immobiliare led constructions lower, while Fiat, both Olivettis. Snia Vlacosa and Anic were among leading Industrials to fall. Both Pirellis also eased, in spite of optimistic company statements about the activities168 words
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Article156 1977-02-24 7 BRUSSELS: The market was mixed to higher In quiet trading, dealers said on Tuesday. Sidro, Electrafina, FN Cockerill, Hainaut-Sambre, Gevaert, L'CB and Arbed rose. Falls Included Societe General*, Sofina, Ebea and Intercom. UK Issues drifted lower. German and French Issues declined. US stocks were narrowly mixed In the absence156 words
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Article407 1977-02-24 7 JOHANNESBURG: Oold shares were steady at higher levels toward the close on Tuesday, with a shortage of stock noted, dealers said. Heavyweights gained up to 75 cents and medium-priced stocks about 25 cents, while in smaller stocks Stiifat advanced 15 cents to 285 and Venter* 18 cents to 233.407 words
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Article390 1977-02-24 7 PARIS: Most shares were lower, depressed by the higher trade deficit In January, the weakness of the franc and tighter money market conditions, dealers said on Tuesday. Engineerings were the only sector to show overall resistance, with Babcock Fivea, Generate Fonderie and Saunier Duval all slightly higher. Other Isolated390 words
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Article278 1977-02-24 7 AMSTERDAM: The market firmed on Tuesday. Dutch internationals rose with the exception of Hoogovens which fell 0 30 guilders. Elsewhere shares were generally higher. Isolated exceptions were Ommeren, Amro and ABN, Fokker Bvenkorf and AM FAS which fell State loans were well maintained. FEB 22 Fls Ahold 75 50278 words
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Article182 1977-02-24 7 MANILA: The market closed mixed with commercials higher, oils lower and mining Issues unchanged. dealers said on Wednesday. Total turnover was higher, amounting to 2.72 million pesos compared with Tuesday's 2.49 million. Gainers Included Atlas Con A, Baßuio Gold. Banguet Con B. BF Goodrich, Phiiex B, and PLDT while182 words
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Article389 1977-02-24 7 SYDNEY: The market closed lower on Wednesday, on Increased selling pressure following Tuesday's consumer price Index rise, dealers said The Sydney All-ordinaries Index fell 2.21 points to 424.31. BHP fell 12 to 6 64 and Pancontinental 42 to 8 56. PekoWa 11 send lost 10 to 4 50 and389 words
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Article472 1977-02-24 7 TOKYO. Share prices closed higher as Interest revived in blue chips and populars. dealers said on Wednesday. The market average gained 13.33 to close at 5.037 91 with volume 200 million shares The New index closed at 380 70. up 1.34 Electricals. precision instruments. motors and plant shares led472 words
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Article434 1977-02-24 7 HONGKONG: Share prtcea fell sharply on Wednesday In moderate trading on disappointment over the sire of profit Increase and bonus Issue announced by Hongkong Bank on Tuesday, dealers said The Hang Seng Index dropped 5 39 points to 434.38 Hongkong Bank dropped 50 HK cents to $20 20. Jardine434 words
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Article93 1977-02-24 7 ►"KB 22 Bahts Asia Fibre 122 unch Bangkok Bunk 255 unch Bangkok Invest 152 -5 Bangkok Metropolitan Bank ***** unch Bata 377 Berll Jucker 171 ♦2 Charoong Thai Wire 163 unch Dumex DusltThanl Faber Merlin First Trust I38S unch Indo-Thai 185b 10 J And J Ho 100 -1 Jalaprathan93 words
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Article72 1977-02-24 7 FINANCIAL TIMES INDUSTRIAL Tuesday 397.7 Monday 389 0 Week ago 376 1 DOW JONES AVERAGE INDUSTRIALS Tuesday 939 91 Monday closed Week ago 944.32 LONDON DOLLAR PREMIUM Tuesday 110'« to 111% Monday 108'* to 108S*. H.K. HANG SENG Tuesday 439 77 Monday Closed Week ago 436 f>8 SYDNEY INDUSTRIALS72 words
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Page 7 Advertisements
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Advertisement176 1977-02-24 7 Confront Singapore's decision makers in Business Times For only $3.50 per single column centimetre Business Times, Singapore's new financial daily, offers you the most costeffective medium to reach Singapore's top businessmen. The decision makers of industry and commerce. Politicians, civil servants, the media and more. It's people like these who176 words
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COMMODITY REPORTS AND PRICES
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Article724 1977-02-24 8 OPENING quotations In the Singapore rubber market were marked down 0.75 cents following lower overseas advices and the market ruled very quiet with little price changes In the early part of the morning, dealers said. The morning session closed quiet with March RSS One buyers724 words
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Article28 1977-02-24 8 prices Robber: Feb 23 Singapore: 202.50 eta. (down 0.50 eta.) Malaysia: 206.50 eta. (down 1.00 eta.) Tin: 11,548 (down $1°) Official offering: 187 tonnes (op 27 tonnes)28 words
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Article142 1977-02-24 8 THE Straits tin price In Penang yesterday was down SlO to $1,548 on an official offering up 27 tonnes to 187 tonnes. In LONDON yesterday, tin advanced by £85 for Cash and £80 for Three Months. High Grade was around £87 and £80 up respectively. Three Months standard142 words
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Article76 1977-02-24 8 LONDON, Wed. Lead rose by £13.50 for Cash and £14.50 for Three Months in the morning and was boosted by the strenght of tin, dealers said. Fresh chart and stoploss buying combined to establish a new record trading high of £424 per tonne for Three Months after initial pre-market76 words
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Article84 1977-02-24 8 Mar. Apr. R.A.S. (Camtl MU) (Fer ward Mth) Buyers Sellers Buyers Sellers (c« itaparkf) (c« its per kc) SSR20 (1-ton Pallet) 190.00 192.00N 191.50 193.SON SSR50 (1-ton Pallet) 187.50 189.SON 189.00 191.00N M.R.E.L.B. SMR5CV (1-ton Pallet) 221.00 223.00N 224.00 228.00N SMR SL (1-ton Pallet 210.00 212.00N 213.0084 words
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Article108 1977-02-24 8 THE following Palm Oil prices were quoted In London on Tuesday. The prices are elf Rotterdam and are quoted In US dollar per ton unless otherwise stated Twaday Pre*. Malaysia 5% ffa bulk Apl/May Sumatra 5H Feb Mch Xy June Nigerian 5% ffa bulk Sterling per long ton108 words
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Article109 1977-02-24 8 BANGKOK, Wed. Indicative prices for rice quoted in Bangkok on Wednesday were: US dollars per tonne fob basis Bangkok. White Rice: 100 per cent Ist class 282 100 per cent 2nd 267 100 per cent 3rd 262 5 per cent 254 10 per cent 233 15 per cent 230109 words
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Article273 1977-02-24 8 IN the Singapore gold market yesterday, the kllobar fluctuated between 8510.980 to 8811,060. The loco London gold opened at US$l3B.BO/ 139.20 and was bidded up to a high of U*****.00/ 139.40 before easing at the close on profittaking to U*****.80/ 138.20. The London morning fix was U*****.15 up five273 words
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Article237 1977-02-24 8 LONDON, Wed. Copper wlrebars scored gains of mostly £10 per tonne In the morning. Tins upsurge gave the market fresh impetus after early pre-market pricing sales had partly offset the Influence of a firm oversight New York trend, dealers said. Three Months worked up from £867 per tonne In237 words
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Article275 1977-02-24 8 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL YESTERDAY. Coconut Oil. Bulk SSS sellers, old drum NO tellers, new drum *95 selten Copra: Mixed (looae) UK/Cont 115 buyers. Pepper: Muntok AST A white f.o.b. 100S NLW *355 sellers. Sarawak white f.o.b. MS NLW *335 sellers. Sarawak special275 words
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Article389 1977-02-24 8 LONDON, Wed. Robusta futures partially recovered from Tuesday's shake-out but gains were limited. At end call values were £17 to £52 per tonne higher on Tuesday's close. Volume was 388 lots and the tone about steady. May, after trading to a high of £3,350 eased back to a low389 words
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Article110 1977-02-24 8 CHICAGO, Tues. Soybean futures finished the session with losses of 2-1/4 to seven cents a bushel after trading within a four-cent range In fairly light dealings. Prices were depressed by hedge selling, which followed moderate amounts of farmer selling over the weekend, and speculative selling because of the rain110 words
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Article124 1977-02-24 8 CHICAGO, Tues. Wheat closed with losses of 41/2 to 51/2 cents -a bushel, finishing at the day's lows. Hedge selling and speculative selling prompted by the forecasts of more rain and snow In wheat growing areas pushed prices lower. Continued commercial selling kept f>rlces under pressure In lght dealings.124 words
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Article187 1977-02-24 8 LONDON. Wed. Terminal opened easy with prices £2.50 to £2 down from Tuesday's 1700 hours levels in sales of 1214 lots. Dealers said the market continued to attract fresh selling and long liquidation on bearish fundamentals. Also, aiding the trend were reports from Washington of possibilities of changes to187 words
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Article250 1977-02-24 8 LONDON, Wed. Silver showed gains ranging from 2.5 to 2.9 pence per troy ounce In much broader trading of 239 lots In the morning. Dealers reported a resurgence of fresh buying Interest prompted by the overnight gains at New York, the firm trend In gold and views expressed in250 words
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Article84 1977-02-24 8 LONDON, Wed. Zinc closed with gains of £5 for Cash and £4.50 for Three Months in the morning. After an initial mark up In sympathy with the general trend In base metals, values held relatively steady In moderately active two way activity, dealers said. Three Months traded upto £43784 words
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Article62 1977-02-24 8 THE Malaysian Minister of Finance has fixed these rates for the period from Feb 24 until further notice: Rubber 94-5/8 cts. a lb Copra $880.00 a ton Palm kernel $235.25 a ton The rate of duties payable are: Rubber 12-1/8 cts. a lb (Surcharge 5-7/8 cts. a lb)62 words
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MONEY AND EXCHANGES
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Article489 1977-02-24 8 DEALERS in the Singapore domestic money market witnessed further falls in the interest rates In term deposits yesterday. Falls of about 3/16 points were noted In the One to Three Months funds which, with the exception of the One Month, saw sluggish trading. Overnight funds remained relatively steady at489 words
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Article153 1977-02-24 8 Asian rates ASIAN currency deposit interbank rates u at close on reb 23 U8 Dollars (8p«> Offer Bid 7 days 1 mth 2 mths 3 mths 6 mths mths 12 mths 413/16 4 7/8 5 55/8 57/8 evi# 8w. Fr». (attdtep 411/18 4 3/4 4 7/8 8 51/2 53/4 81/16153 words
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Article125 1977-02-24 8 Euro rates LONDON. Wed. Most near period Eurodollar deposits opened lower reflecting the Friday dealing technicality while Six Months onwards and shorts were little changed, dealers said. One Month, however, was unchanged Initially with the Friday dealing technicality offset by a Friday end of period. Early trading centred In the125 words
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Article261 1977-02-24 8 LONDON, Wed. Sterling and the dollar extended Tuesday's late advance, with some feeling the larger than planned 1978 US budget deficit may lead to slightly higher US Interest rates helping the dollar, dealers said. Sterling firmed quickly to $1.7085/90 when the market opened from an early indication of $1.7065/70.261 words
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Article234 1977-02-24 8 NEW YORK, Tues. The dollar closed higher than on Friday following yesterday's Washington's birthday holiday here as dollar shortages, which developed on Monday, were filled, dealers said. The market, however, is uncertain about the overall dollar direction in the face of possibly higher interest rates as President Jlmr.y234 words
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Article150 1977-02-24 8 HONOKONO, Wed. The US dollar was quoted at a late HK54.6435/ 55 In quiet trading, lower than Tuesday's late $4.6460/ 80 but above today's $4.6400/ 20 low, dealers said. Local money remains tight despite the ending of the Chinese New Year holiday period, with borrowing demand still strong, they150 words
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Article51 1977-02-24 8 THE Monetary Authority of Treasury Bills to be Issued Singapore (MAS) Invites on Feb 28, 1977. hou>es 2 SM-aw <•) >30 million 01-day SuSutbMiln >Ue<l Treasury Bills to be Issued from Feb 28 to Mar 4, 1977. Each tender must not be (b) $20 million 182-day less51 words
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Article58 1977-02-24 8 Minimum lending rates (in ACBC 6*. Algemene Bank 6% Bangkok Bank ..7* Bank of America 6* Bank of China ..7 Bank of Tokyo fl*» Bank Negara Indonesia 7 First Chicago .6* Citibank 6*. HSBC 7 Indosuez Malayan Banking 6%» Mitsui Bank 6* OCBC 6* OUB 6* Chartered Bank Chase Manhattan58 words
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Article51 1977-02-24 8 AUSTRALIA/NZ exchanges quoted on Feb 23 Australia: Sterling 0.6453 0.6383 US dollar 1.0981 1.0933 Ninety-day air mall buying rates: Sterling 0.6714 US dollars 1.1231 Ninety-day forward buying rates: Sterling 0.6568 US dollars 1.0943 New Zealand: Sterling 0.5599 0.5567 US dollar 0.9606 0.9506 Ninety-daw forward rate: Sterling 0.5935 US dollar51 words
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Article41 1977-02-24 8 ZURICH exchanges closing quotes on Feb 22 US 2.5225-5235 UK 4.3075-3110 Can 2.4475-4495 W Germ 105.40-49 Neth 100.90-101.02 France 50.53-57 Belg 6.85^-86%. Denm 42.76-80 Norw 47.86-90 Swed 59.69-74 Italy 0.2858-2861 Austria 14.83-86 Port 7.66-69 Spain 3.63V«-65 Arg 0.75-90 Japan 0.89-89^41 words
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Article139 1977-02-24 8 TOKYO, Wed. The US dollar for overnight dellvery closed at 283.40 yen, slightly lower than the opening 283.50 yen but little changed from 283.35 yen at Tuesday's close, after fluctuating between 283.10 yen and 283.80 yen. Dealers said the US currency initially gained ground on banks covering their remittance139 words
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Article128 1977-02-24 8 LONDON, Wed. Eurobond prices were mixed around 1/8 to 1/4 point either side of yesterday's closing In moderate activity. In first time dealing today SAAB-Scanla's $50 million 12-year 8* per cent issue at 99tt traded around 97 K 98. US and Japanese convertibles showed no real trend In128 words
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Page 8 Advertisements
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Advertisement68 1977-02-24 8 TOP EXECUTIVE how to achieve it...how to hold it...TODAY.. Sold to V executives in h U.S. at $105/- 1 Now available 1 to you at the 1 special price of I $45/. i I r Yes, please send me I enclose my cheque for Please mail to: Mr/Mrs/Miss Address .copy/copies68 words
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TRANSPORT AND COMMUNICATIONS
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Article, Illustration892 1977-02-24 9 JOHN NOBLE WILFORD - By JOHN NOBLE WILFORD NYT THE finishing touches an Instrument installed here and a thermal vacuum test there are being put on two spacecraft designed to make the most extensive reconnalsance thus far of the outer solar system. These unmanned spacecraft are scheduled toNYT - 892 words
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771 1977-02-24 9 SOH SIAM LOH - By SOH SIAM LOH MENTION big' spenders in advertising and a certain name to be dropped Is SIA, but how many people know that Cointreau, for Instance was among the top 10 advertisers at least In the Times group of771 words
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119 1977-02-24 9 BRUSSELS, Wed. The EEC has reached a broad agreement on the need to create a community civil aircraft industry working In close co-operation with US aircraft manufacturers, Christopher Layton, Industrial Affairs Director In the EEC Commission, told a press conference. The agreement still has to119 words
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Article, Illustration338 1977-02-24 9 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Aleksandr Serafimovlch (1100 after Vlshva Vlkram) 10 kenlngau (1) (1300) 19 Kenlngau (11) (1900 shifts Agent's request) 20 Kyokal Maru (0600 after Queen Elizabeth 2) 47 Loon Sheng (HOJW) (0600 after State of West 1 Colorado (3FVZ) (1500 after Hyeonjln) 29/30 Talkoh Maru338 words
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Article175 1977-02-24 9 AP LONDON, Wed. Very dull conditions predictably marked the day on the London freight market yesterday following the George Washington's birthday holiday In the United States. Very few new fixtures were reported, but conditions remained much the same In terms of rates payable. The lumosum rateAP - 175 words
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Article69 1977-02-24 9 Reuter LONDON, Wed. Shipping conferences covering trade from the Continent and Britain to Sri Lanka and the European shippers councils have agreed on rate Increases on voyages to Sri Lanka beginning on April. A general rate Increase of 20 per cent will become effective on vessels loadingReuter - 69 words
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Article552 1977-02-24 9 ARRIVALS Service Operator Number Local Time From MAS SIA CPA GIA GIA PAL RBA SIA SIA GIA MH682 SQ21I CX710 GA980 GA908 PR5Q1 BI325 SQ201 SQ240 GA895 0810 1010 1030 1030 1100 1115 1155 1200 1205 1215 KCH HLP HLP HLP MES MNL BWN HLP MES AMS/FRA/FCO/552 words
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Page 9 Advertisements
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Advertisement92 1977-02-24 9 A wealth of answers to scientific phenomena LIFE SCIENCE: LIBRARY A thousand questions you've asked but never had answers to. Now to be found in these fantastic volumes from Life Science Library. Vast information on every conceivable branch of science. The power of pure energy molecular theory mathematics the human92 words
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Article, Illustration1193 1977-02-24 10 EDGAR MILLER - By EDGAR MILLER BRAZILIAN rural workers are getting better wages, new schools, roads and social improvements from the money Brazil receives In higer coffee prices paid by consumers in The United States and the rest of the world, says the1,193 words
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212 1977-02-24 10 WITH the pre-World Cup game? kick-off Just round the corner, four companies In Singapore have successfully tendered for rights from the Football Association of Singapore to promote and market their products in conjunction with the event and for the use of the games212 words
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794 1977-02-24 10 EMIL SVEILIS - Br EMIL SVEILIS UPI A RUSSIAN secretary with access to a pair of new American Jeans recently exchanged her prize possession for the name, address and telephone number of her girl friend's seamstress. Among his private and therefore illegal customers,UPI - 794 words
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739 1977-02-24 10 CLARENCE GOMEZ - By CLARENCE GOMEZ AP A HIGH powered Japanese steel delegation has begun the annual ritual of settling price levels for purchase of Australia's coking coal and iron ore, the two largest Australian mineral exports. The Immediate atmosphere is clouded by Japanese demands that pricesAP - 739 words
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Article, Illustration735 1977-02-24 10 PAUL LEWIS - TAKE a small developing country with only a few million people, with inadequate resources of its own and therefore dependent on external aid and investment. Surround it with actual or potential enemies and place it in a part of the world inNYT - 735 words
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Page 10 Advertisements
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Advertisement230 1977-02-24 10 APPOINTMENTS MARKETING EXECUTIVE Heller Factoring, a joint venture of Walter E. Heller Overseas Corporation, the Development Bank of Singapore and the Oversea-Chinese Banking Corporation, is an affiliate of the Heller International Network. It is a commercial finance company. specialising in financing against accounts receivables in the form of factoring and230 words
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Advertisement347 1977-02-24 10 APPOINTMENT FOR MARKETING EXECUTIVE To lead an active and experienced Sales Team which has been built up in Singapore, we require a Executive of outstanding abilities. He must be able to build on the present market positioning of the world renowned brands that we represent under, general direction. To be347 words
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Page 11 Advertisements
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Advertisement461 1977-02-24 11 How advertisers can mount a campaign aimed at businessmen Tactical information from Business Times I ft- < r i cm 3. Shotgun approach beware. Be careful about spreading your message across too many publications. This approach is called the shotgun approach. A secret: Research into readership indicates that readership of461 words
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Article166 1977-02-24 12 AP NEW YORK, Wed. An American holding company sued the consul-general of Indonesia yesterday, seeking to prevent foreclosure on a U*****,340 (*****,000) performance bond In an International wheat deal. In a Manhattan Supreme Court suit, the Bremar Holding Corp. said It purchased a $224,340 letterAP - 166 words
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Article821 1977-02-24 12 LONDON, Wed. The stock market firmed on renewed interest but the unresolved British Leyland tool-room dispute continued to Inhibit trading, dealers said. At 3 p.m., the Financial Times Index was up 4.8 at 402.3 after a high of 403.3. The strength of sterling and hopes of a cut821 words
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232 1977-02-24 12 SINGAPORE has been included as one of the Bank of England's overseas intervention centres to stabilise the pound. Since last October, when the pound nose-dived to its record low, the Bank has come to Singapore's foreign exchange market to buy and sell232 words
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Article149 1977-02-24 12 THE Member of Parliament for Marine Parade, Mr. Goh Chok Tong, said that increased postal facilities and efficiency is reflective of the rising level of literacy and higher tempo of business activity in Singapore. Mr. Goh said that the Postal Department has been intensifying149 words
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Article73 1977-02-24 12 DACCA. Wed. A Vietnamese government delegation Ted by Deputy Foreign Minister Phan left here yesterday after a threeday visit and talks with Bangladesh government officials. The Deputy Minister, describing his talks as very fruitful, told reporters the two countries had an Identity of views on major international73 words
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900 1977-02-24 12 Reuter MANILA, Wed. Foreign Ministers of Asean are gathering here today to mark the first anniversary of the 10-year-old organisation's first summit meeting, and to endorse a document marking the first important step towards a form of regional economic organisation. Before them, whenReuter - 900 words
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346 1977-02-24 12 ONLY FOR ENSURING SAFETY KUALA LUMPUR, Wed. Shipping Interests were assured today that they would not be affected by the tripartite agreement on the Straits of Malacca and Singapore to be signed by Malaysia, Indonesia and Singapore In Manila tomorrow. Foreign Minister Tengku Ahmad346 words
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463 1977-02-24 12 A LOCALLY Incorporated company may have an answer to a controversy which raged late last year between the Public Utilities Board and local contractors over damage done to underground cables and water mains. The PUB has complained of careless excavation, of which there were463 words
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Article165 1977-02-24 12 Reuter BANGKOK, Wed. Prime Minister Thanln Kralvtchien has called on Thai businessmen to bring back to Thailand what he called "the huge amount of capital", which they had secretly sent out of the country. Mr Thanln told a gathering of businessmen here yesterday: "YouReuter - 165 words
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Article101 1977-02-24 12 Reuter TOKYO, Wed. The president of the Federation of Bankers Associations Toshlo Nakamura urged the Bank of Japan to lower its 6.5 per cent bank rate at an early date with a simultaneous reduction In interest rates on bank deposits and postal savings. He told aReuter - 101 words
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120 1977-02-24 12 FUJI Photo Film Company, the largest manufacturer of photographic products in Japan, yesterday unveiled in Singapore its latest product a high speed (ASA 400) colour film known as Fujlcolor FII 400. The film has been hailed as the latest sensation to hit International photographic120 words
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211 1977-02-24 12 ASEAN Is to submit an official memorandum urging the United States Government to retain Its foreign tax deferral system for American companies operating In the region. The memorandum, to be submitted by the Philippine Ambassador to Washington. Mr. Eduardo Romuldez, warns211 words
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153 1977-02-24 12 LOCAL entrepreneurs, Wing Leong Holdings, has gone into a Joint venture with Australian manufacturers, Scale and Engineering, to set up manufacturing facilities In Jurong. The Joint project, involving an Investment of $1.4 million, will be known as ASE Pte. Ltd. It will manufacture153 words
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Article166 1977-02-24 12 THE Singapore Armed Forces will not perpetrate such a heinous deed as destroying the femininity of Singapore women. This assurance was given by Dr. Ooh Keng Swee, Deputy Prime Minister and Defence Minister, yesterday" to Parliament in replying to comments raised by other MPs during166 words
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Article177 1977-02-24 12 UPI TOKYO, Wed. Philippine and Japanese business and industrial leaders began a two-day conference today on bilateral trade and Investment and Japan's cooperation with the fivemember Association of South-East Asian Nations. The meeting opened In a Tokyo hotel with the Japanese represented by 50 representatives of steel,UPI - 177 words
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Article138 1977-02-24 12 FORTY million dollars worth of cargo to be shipped to West Asia has been held up In Singapore and overseas ports while shipowners and agents are demanding additional freight charges from local shippers. The cargo, mostly plywood, timber and other general cargo, Is in 17 ships between138 words
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Article97 1977-02-24 12 HAW Par Brothers (Pte) Ltd. is expected to get millions of dollars In cash and property from the estate of the late Mr. Aw Cheng Chye, who was during his lifetime director, governing director, managing director and chairman of the company. In a press notice yester- day,97 words
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Article95 1977-02-24 12 THE Court of Appeal yesterday dismissed Internatlnal Holdings Pte Ltd's appeal against a petition granted last November to wind up. The Chief Justice. Mr. Wee Chong Jin, Mr. Justice Chua and Mr. Justice Kulasekaram, rejected counsel Mr. Llm Chor Pee's contention that the company had not been shown95 words
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114 1977-02-24 12 THE Government has been asked if It intends to award the full franchise for all ground handling services when Changi International Airport becomes operational to Singapore Airport Terminal Services, or whether it plans to set up another handling company to compete with SATS Mr.114 words
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Article104 1977-02-24 12 THE Minister for Law and the Environment, Mr. E.W. Barker, has been asked whether Parliament will move to a larger building or If not, whether there are plans for seating capacity in the Parliament Chamber to be increased. Huji Rahmat bin Kenap, Member of Parliament for104 words
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Article88 1977-02-24 12 SOME 60 per cent of the number of applications for citizenship now under consideration have been outstanding for more than three years. This was stated by the Home Affairs and Education Minister, Mr. Chua Slan Chin, in reply to a question from the MP for Marine88 words
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Article32 1977-02-24 12 THE Asia Commercial Banking Corporation, represented by Lee Bon Leong and Co, yesterday filed a suit in the High Court claiming the sum of $815,038.06 from Datuk Tsang Tak Chuen.32 words
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Article203 1977-02-24 12 THE volume of cargoes discharged and loaded at Singapore in 1976 increased by 11.3 per cent over 1975, an encouraging sign of economic recovery. This brought the volume to about 58 million freight tonnes (FT), only slightly less than the 1974 total of 60.5 million FT. The203 words
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Page 12 Advertisements
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Advertisement315 1977-02-24 12 The Taylor Wood row Home Land Investment Plan. A personal invitation to learn how you can profit safely by investing in fast growing Western Australia Owning your own Taylor Woodrow Home and Land in a prestigious Perth, Western Australia, beachside suburb, means you can profitably rent or lease your investment315 words
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Advertisement58 1977-02-24 12 This announcement appears as a matter of record only. February 1977. JOHORE STATE ECONOMIC DEVELOPMENT CORPORATION US$B,OOO,OOO SIX AND A HALF YEAR TERM LOAN GUARANTEED BY THE GOVERNMENT OF MALAYSIA Managed by 4SE4MMNKERS M4L4YSM Provided by BANK OF AMERICA, NT SA MANUFACTURERS HANOVER TRUST COMPANY ASEAMBANKERS MALAYSIA Agent—— 0000 foool58 words
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