The Business Times, 30 August 1978
1978-08-30
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The Business Times
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Title Section10 1978-08-30 1 BUSINESS TIMES M.C.(P) No. 218/1/78 WEDNESDAY, AUGUST 30, 1978 50CENTS10 words
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BRIEFLY...
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Article66 1978-08-30 1 Reuter. MELBOURNE. Tues. Australian communications workers have ended a month-long ban on repairing equipment breakdowns which severely disrupted the country's international and domestic telephone and telex service. A spokesman for the state-run communications organisation, Telecom, said that work will begin immediately on restoring the telecommunications network and theReuter. - 66 words
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Article63 1978-08-30 1 Reuter. WASHINGTON, Tues. America's rate ol inflation fell sharply in July with the smallest increase since December 1977 recorded in consumer The US Labour Department today said thatthe consumer price Index rose by a seasonally ad- 1 lusted 0.5 per cent in July after increasing by 0.9; perReuter. - 63 words
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Article56 1978-08-30 1 AFP BANGKOK, Tues. Chinese authorities have granted the national carrier, Thai International, flying rights to Peking, the Nation Review daily reported today.. The paper quoted Deputy Communications Minister Prasit NarongdeJ as saying that China's change of stand on the Issue was-expressed during T'lai Prime Minister Krlangsak Chamanano'sAFP - 56 words
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Article70 1978-08-30 1 Reuter TOKYO, Tues. West German Economics Minister Otto Lambsdorff said in an interview published here today that pressure for protectionism in the EEC would strengthen if Japan did not cut its trade surplus with the community. "Japan should make every effort to increase imports and attainReuter - 70 words
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Article63 1978-08-30 1 KUALA LUMPUR, Tues. Primary Industries Minister Paul Leong Khee Seong said today that there would be a worldwide deficit in tin metal, estimated at 9,000 tonnes for this year. He was commenting on a reported surplus of the metal in the current year in the latest issue of63 words
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Article109 1978-08-30 1 Reuter LONDON. Tues. The dollar rose on the world's foreign exchange markets today as the decision of the US monetary authorities to help banks in the United States absorb some of the huge mountain of dollars held outside America had its desired effect. It closed at 194.30Reuter - 109 words
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Article57 1978-08-30 1 KUALA LUMPUR, Malaysia is ready to refute all charges by a large American textile union that the government is subsidising the local textile industry. The deputy secretary-general of the Trade and Industry Ministry, Encik Ahmad Saudi, said the government is waiting for a team from the US57 words
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Article65 1978-08-30 1 UPI. NEW YORK, Tues. Stocks, hindered by rising interest rates and the nation's huge July trade deficit at U552.99 (556.87 billion) headed lower early today despite an apparent slowdown in consumer prices. Trading was active. The Dow Jones Industrial average was off 1.64 points to 883.22 around 1500UPI. - 65 words
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Chief Price Changes
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Article127 1978-08-30 1 Rises 'Most active S Finance 436 181 Haw Par 1,178,000 Chin Teck •275 +122'/, Faber Merlin 982,000 SBS 220 +26 UOB 522.000 Guinneaa 725 +25 Sim Lim 454,000 MBS 344 +24 S Finance 334,000 C K Ting 233 +23 Total Turnover: 18.74 m OUT 241 +21 Total127 words
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Article, Illustration205 1978-08-30 1 Rises Most active Castlefield 11.90 .40 Haw Par 1.410.000 U.O. BanK 4.70 .22 F Merlin 1,196.000 Universal Cables 1.64 .10 NOL 751,000 Merlin (S) 4.52 .10 M Credit 720,000 Tractors Carlsberg U.O. Land 5.50 6.35 2.00 .10 .10 .09 Total Turnover: 12.14 m Total Value: MS30.27 Foils205 words
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Article741 1978-08-30 1 QUEK PECK LIM - CASH OFFER AT $2.60 By QUEK PECK LIM AFTER waiting three days to ponder its options, Hong Leong Finance has come out with a counter offer for Singapore Finance (SFL) at $2.60 In cash for every SFL Hong Leong's aftertrading hours announcement Includes another surprise741 words
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Article510 1978-08-30 1 SINGAPORE AIRLINES has been deluged with loan proposals for its plan to finance a portion of its $2.1 billion Boeing aircraft purchase. Banking sources say the airline has been visited by teams from 90 banks. The national carrier has, however, not indicated Its approval of510 words
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600 1978-08-30 1 JOHN LIM - »y JOHN LIM PACIFIC Precision Casting, a wholly-owned company of Leßlond Asia, will spend $8.5 million on expansion. And for a start, it has acquired a piece of land next to its plant in Jurong. The company was incorporated in June, 1976 with a600 words
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299 1978-08-30 1 SOH TIANG KING - ■y SOH TIANG KING DEVELOPMENT Bank of Singapore has Jacked up Its Interest rate for savings and deposit accounts. However, It Is still holding down Its prime at 7 per cent despite the general upward pressure on lending rates. The bank has given no official299 words
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261 1978-08-30 1 THE KUALA Lumpur Stock Exchange yesterday officially declared ihat a "corner" exists in Associated Plastics Industries. The counter has been suspended since May 4. A similar announcement is expected from the Stock Exchange of Singapore today. A corner exists when trading in a261 words
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419 1978-08-30 1 RONNIE LIM - By RONNIE LIM SINGAPORE Petroleum Company. BP Singapore and Caltex Asia, which are partners In the Singapore Refining Company's planned 170,000 barrel refinery on Pulau Merllmau, have awarded the basic project design contract for its 100,000 barrel expansion to a Japanese engineering419 words
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Article122 1978-08-30 1 IN THE wake of last weekend's shipyard explosion, the Advisory Committee on accident prevention in the shipbuilding and repairing industry has urged all shipyards to test immediately and monitor thoroughly all confined spaces in which work is being done. It pointed out that since May this year, two122 words
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Page 1 Advertisements
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Advertisement33 1978-08-30 1 whatever you need in menswear,get it at... MOHAN'S DEFT. STORE (PTE.) LTD. 321, Orchard Road TW *****22 (next to Mandarin Hotetl Branch: 101,Tang»in Shopping Centra W *****40 Daily 9am-9 pm SEE BACK PAGE33 words
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Advertisement0 1978-08-30 1 \<.{-`^-%")*:)]"^;-&!}@|}~])"@?0 words
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Advertisement91 1978-08-30 1 BIRKART FREIGHT NEWS GIN LINE providing two regular services from SINGAPORE to LAGOS/ APAPA GBN CONTAINER LINE a fully containerised service carrying 20 ft containers at 'Box' Rates GBN BULK SERVICE a regular liner service for palletised cargo at competitive rates. For rates and further details contact. MR. TAN KAY91 words
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Advertisement81 1978-08-30 1 Mas SHIPPING TIMES GOLDEN outlook for new Swlm company 2 RO-RO orders are listing badly .5 ALLAYING fears of the palm oil faithftils 6 ONE Japanese product does not click with Americans 7 UMW recovery accelerates 11 SINGAPORE Finance speculators in for a shock 11 MRELB presses on for second81 words
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Advertisement55 1978-08-30 1 "@^")[^>@|>)@\![()^%;$!'/?*%^>: Overt (Malaysia) Sdn Bhd. 63A65 Jalan Ampang, Kuala Lumpur T* ***** Petakng Jaya *****9 Penang ***** Ator Star *****2 Ipoh ***** Kuantan ***** Koto Banj ***** Malacca ***** Johor BaMj ***** Kucrtng ***** Kota Knabalu ***** Sandakan 2526 Tawau ***** Stxj ***** Mm 3591 Brunet. Bandar Sen Begawan *****55 words
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TRADE AND INDUSTRY
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Article, Illustration560 1978-08-30 2 SIVA ARASU - By SIVA ARASU A SWISS company believes It has a golden future in Singapore. The first Imitation gold leaf manufacturing plant in South-east Asia and the seventh in the world will swing into full production next February in Jurong. Eastern Overseas Sheets Manufacturing, set up560 words
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Article276 1978-08-30 2 SHELL'S Woodlands South depot will install a computer system at the end of the year to improve administrative and' operational efficiency. The $400,000 Modular Terminal Automation System (Motas) will be linked by telephone lines to the head office and the Tanjong Pagar installation. Berita Shell, the276 words
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Article220 1978-08-30 2 DEUTZ tractor agents from the Far East are In Singapore for a four-day sales seminar on farming implements. The seminar began yesterday at the Marco Polo Hotel. Agents from Malaysia, Thailand, Indonesia, the Philippines, Japan, South Korea, Taiwan, Australia and Singapore took part. Mr.220 words
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192 1978-08-30 2 THE TAIWAN Machinery Trade Centre opened yesterday. with a wide stock of machine tools and industrial machinery. This is the first time Taiwanese products are represented on such a scale and through a single outlet. Union Hydraulic, a local machine importing company, has set up192 words
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Article19 1978-08-30 2 THE Thai government has postponed for six months a deadline for forelgn-owped mining companies to become majority Thaiowned.19 words
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362 1978-08-30 2 A PROPOSAL for an authority to take- care of Malaysia's small manufacturers has been submitted by the Institute of Management Consultants to the Ministry of Finance. The proposal was made following the call by the Finance Minister, Tengku Razalelgh Hamzah for362 words
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371 1978-08-30 2 MANAGEMENT consultants in Malaysia now have a professional organisation the Institute of Management Consultants for the regulation and development of the profession. Formed two months ago, the institute aims to develop the art and science of management consulting. The president of the institute's governing council, Encik371 words
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Article118 1978-08-30 2 AN AUSTRALIAN automotive parts manufacturer, Westlnghouse Brake and Signal Company, will exhibit its latest compressed air actuated braking systems and components at the Asian Automotive and Accessories Exhibition next month. These include two new valves for brake actuating systems which are capable of servicing up to six-type 30118 words
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385 1978-08-30 2 Reuter THE past year has been a disappointing one for Indonesian hard minerals, according to the latest minerals report issued by the US embassy in Jakarta. Several important and large projects were postponed and new Interest from foreign investors is drying up. "New projectsReuter - 385 words
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274 1978-08-30 2 THE average Japanese tourist in Singapore is normally a first-time visitor, travelling in a group and who leaves the Republic after a whirlwind stay of three days. This sums up the statistics from the Singapore Tourist Promotion Board about Japanese visitors over the last274 words
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Article172 1978-08-30 2 AFP A HONGKONG business group starts promoting the sate of a wide range of locally-made consumer goods in Athens today on the first leg of its tour of Western Europe. A spokesman for the Trade Development Council said the delegation is the .eighth of itsAFP - 172 words
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Article381 1978-08-30 2 COURSES AND TALKS Aug 12-Sept 2: An understanding of company law, SIM, SIM Aug 17-31: Manpower planning and employee recruitment, Holiday Inn, P.O.D. Aug 29-Sept 1 eßusiness forecasting, SIM, SIM Sept 1: Personal Income tax in Singapore, Cultural Centre, University of S'pore Sept 1-Oct 6: A practical approach381 words
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Page 2 Advertisements
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Advertisement331 1978-08-30 2 The [LIFE! Library Of Photography helps you to see great picture possibilities -all around you... rci II f The Life Library Of Photography Each volume measures 10 1 x 10 inches (26 x 26 cm). Hard cover, silver stamped black-cloth binding.24o pages Approximately 300 illustrations, many in full colour. The331 words
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Page 2 Miscellaneous
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Miscellaneous650 1978-08-30 2 LI TWO-IN-OHE CROSSWORD CRYPTIC PUZZLE ACROSS 3 Cleans up after lubbers? (5) 8 How to get one's subjects to look sharp (5) 10 Quick to agree, possibly (5) 11 Speed to the North (3) 12 Cash on the nail out East (5) 13 TV Oscar, no mere gilt figure (7)650 words
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OVERSEAS
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365 1978-08-30 3 UPI, AP AUSTRALIA'S telecommunication technicians voted overwhelmingly yesterday to continue a monthlong strike which has crippled telephone, texel and computer services throughout the country. Union officials said the decision was made when employers decided against paying partial back wages. They said an agreement reached during theUPI,; AP - 365 words
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Article316 1978-08-30 3 Reuter. YIELDS at Monday's regular weekly auction of three and six-month US Treasury bills rose to near four-year highs. The Treasury said the average yield on the threemonth bill rose to 7.323 per cent from 7.267 per cent the week before while the yield on theReuter. - 316 words
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222 1978-08-30 3 AP A MEMBER of the British House of Lords has proposed that the United Nations set up an international centre to inform politicians on advances in computer technology. Lord Avebury, delivering the keynote address on Monday to the eighth Australian computer conference inAP - 222 words
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Article207 1978-08-30 3 UPI TOYOTA Motor Company has outstripped New Japan Steel Corporation to become Japan's largest manufacturing enterprise in terms of both sales and profits. For the year ending July 30. Toyota reported sales worth 2,617 billion yen (Ss3o billion). New Japan Steel, long the country's largestUPI - 207 words
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Article209 1978-08-30 3 AP. THE US Commerce Department said foreign direct investment in the United States increased 11 per cent last year, although investment by oil-exporting nations declined. The agency said foreign direct investment totalled US$34.l billion (5578.4 billion) at the end of the year, up from $30.8AP. - 209 words
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WORLD IN BRIEF
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Article649 1978-08-30 3 Agencies. THE US has informally suggested to China that cooperation in trade and economic areas, as well as in the scientific and techinical areas proposed by China, might be mutually beneficial, a US official Tom Saylor said. Agriculture secretary Bob Bergland will pursue the issue when heAgencies. - 649 words
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Article, Illustration228 1978-08-30 3 THE long-distance telephone call marred by the speaker's disembodied voice echoing back down the line will be less likely when Standard Telephone and Cables Ltd of Wales introduces its echo suppressor, the SP2O. The SP2O prevents echoes caused by mismatching in telephone transmission systems, which causes228 words
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990 1978-08-30 3 Reuter BRITISH cars are still the nation's most important export earner but the days when they dominated in many parts of the world are gone and half the cars bought by Britons are foreign made. Many of the famous names. Rolls Royce, Jaguar,Reuter - 990 words
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Article239 1978-08-30 3 Reuter. PERU is hoping to reschedule its external debt at a Paris Club meeting by the end of October. Economy and Finance Minister Javier Silva Ruete said he expected a letter of intent to the IMF for a standby credit to be formally approved at theReuter. - 239 words
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Article, Illustration721 1978-08-30 3 Reuter, UPI. CANADA'S gross national product grew by a disappointing 1.1 per cent to U*****.1 billion (***** billion) in the second quarter, raising strong doubts that the government would reach Its target of almost 5 per cent growth this year. The modest Increase InReuter,; UPI. - 721 words
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485 1978-08-30 3 Reuter THE West German government has covered about 80 per cent of this year's expected net borrowing requirement. The Finance Ministry said this takes into account the eight billion deutschemarks <SsB 96 billion) of credits the government has raised this month, andReuter - 485 words
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Page 3 Advertisements
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Advertisement49 1978-08-30 3 COPYING PROBLEM SOLVER N0.2 New Toshiba BD-704 Uses ordinary paper Top copy quality Lower copy costs Completely dry system Increased copying speed Quick warm-up time Quiet operation Compact size Copies on both sides > copies FREE when you buy the new TOSHIBA BD-704! V 62, Orchord l\opd, Singapore 9. Tel:49 words
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RAW MATERIALS
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Article359 1978-08-30 4 THE SINGAPORE market yesterday closed slightly higher with September One RSS buyers quoted at 239.00 cents per kilo, up 0.25 cent from Monday's close, dealers said. The afternoon session was slightly easier on profittaking and speculative releases coupled with reports of China side-lining due to high359 words
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Article367 1978-08-30 4 R A S prices in cents per kilo yesterday: Noon (per kilo) Close (per kilo) Int. 1 R.S.S prompt f o b. Int 1 R.S.S. Sept Int 1 R.S.S. Oct Int 2 R S.S. UK'Cont Int 3 R.S.S. UK/Cont. Int. 4 R.S.S. UK/Cont Int. 5 R.S.S. UK/Cont. Buyers367 words
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Article111 1978-08-30 4 NOON SSR and SMR prices yesterday: RAS September (Current Mth) Buyer* Seller* (cent* per k() October (Forward Mth) Buyer* Seller* (cenU per kf) SSR 20 SSR 50 (1-ton pallet) (1-ton pallet) 216 00 214 00 218 OON 216 OON 217.00 215.00 219.OON 217 OON V1KKLB SMR5CV SMR111 words
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Article55 1978-08-30 4 1 r North European ports, in US dollars per ton unless otherwl* LONDON: Monday Previou* Malaysia .Vs. tfa bulk per tonne Ortober Sumatra (fa bulk Market August September Closed Ortober November I>t-emher Nigeria 5% ((a bulk stg ROTIKRDAM: Suniutra Max 5 Sept 620 sir 625 sir Zaire Belg55 words
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Article31 1978-08-30 4 Rubber: Aug 29 Singapore: Sept 239.00 cents (up 0.25 cenU) Malaysia: Sept 244.50 cents (down 0.75 cents) Tin: Mi 1,765 (down $5) Official offering: 237 tonnes (up 36 tonnes)31 words
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Article172 1978-08-30 4 TERMINAL cocoa yesterday in London initially traded lower against New York by 122.50 but then rallied to finish the opening call 1'2.50 up from Friday to L' 6.50 down. The rally, extended in post-call trading was based on lower sterling and entailed trade covering and jobber support; dealers said.172 words
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Article417 1978-08-30 4 ALL was quiet at the Singapore produce market yesterday. Prices of most commodities were moving within narrow limits in very light trading, tnainly attributed to sales to nearby consumer countries. In the market for coffee beans, sentiment continued to rule somewhat nervous as dealers awaited the latest news417 words
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Article153 1978-08-30 4 THE sugar market firmed about 0.10 US cents in quiet trading yesterday with five lots traded against six on Friday, dealers said. The Hongkong dally spot sugar price firmed 0.10 to 7.15 cents. Spot September delivery expires on Thursday. Sugar futures closing prices: Cb# Pre* CUg Sep 7.15/18153 words
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Article197 1978-08-30 4 YARN and cotton In Hongkong dollars, spot exgodown: Cotton Yarn China Blue Phoenix 20's 1.200. 32 s 2.500. 40 s 2.630. (per bale of 400 lbs.) Pioee Goods China Butterfly and Globe brand unq. Dragon Head unq. Five Lambs unq. Flower and Butterfly unq. Flying Oeese unq (Per197 words
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Article331 1978-08-30 4 ROBUSTA futures yesterday opened steady i'3l to CI 5 per tonne up on Friday in a turnover of 298 lots. Prices advanced on a mixture of commission house, local dealer and profittaking activity. Nov and Jan gained 131 while untraded New Sep rose CISDealers attributed the advance to an331 words
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Article215 1978-08-30 4 BANGKOK rice prices yesterday: US dollars per tonne fob basis Bi Whiteßice: 100 pet Ist class 397. 100 pet 2nd class 382. 100 pet 3rd class 377. 5 pet 372 10 pet 347. 15 pet 342. 20 pet 342. 25 pet 327 35 pet unq. Broken: A-l super 187.215 words
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Article39 1978-08-30 4 ZINC in London yesterday was up C 0.5 for cash and CI for Three Months by endmorning. This metal was relatively quiet with the steady tone encouraged by the performance in lead, dealers said. Sales were 1,600 tonnes.39 words
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Article199 1978-08-30 4 THE Straits tin price In Penang fell another Mss per plcul to $1,765. The market continued to rule quiet following London's holiday, with values easing on slightly increased supplies of tin. Some local cheap demand and little from Japan was noted around this level and turnover rose to199 words
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Article329 1978-08-30 4 SUGAR futures yesterday in London gained upto C 0.85 during the opening call but then eased back to finish with reduced gains of C 0.70 to C 0.40 per tonne. Sentiment was affected by lower sterling, plus buying tenders by Jordan and Morocco, dealers said. However, some dealers doubt329 words
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Article63 1978-08-30 4 LEAD finished yesterday morning up 1"5.5 all round in London. The market was given a boost by hedge covering against recent Continental physical activity with chart buying giving further support around the higher levels. Some quarters felt the buying may also have Involved US producer interests. Three Months closed63 words
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Article182 1978-08-30 4 CHICAGO soybean futures finished lower after heavy commission house liquidation were kept from lows by local short covering at the close on Monday. The market closed down 19-3/4 to 14 cents a bushel after being pressed all day by good country movement and early hedge-selling. The September premium over182 words
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Article109 1978-08-30 4 CHICAGO wheat futures closed off four to 4-1/2 cents a bushel despite a late flurry of buying on Monday. Commercial firms and locals were sellers through most of the session, but prices were lifted off the day's lows In the final minutes when a number of local firms reversed109 words
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Article173 1978-08-30 4 COPPER wire bars yesterday finished the morning down C 6.5 for cash and £5.0 for Three Months In London. Prices sagged under commission house selling prompted by the trends at New York and slack outside demand although the offerings were well absorbed at the lower levels by shortcovering. The173 words
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Article253 1978-08-30 4 THE Hongkong, market yesterday closed at HK5258.50 per 10 ounces sellers in continued dull and featureless trading against $258.50 on Saturday, dealers said. No trades recorded throughout the session on lack of any trading interest, they said. Fixing price was unchanged at $258.50 from Saturday. NEW YORK comex silver253 words
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Article433 1978-08-30 4 THE kllobar In Singapore yesterday opened at 5114.520 and closed at 5514,690. The high and low of the day was $14,520 and $14,700 respectively. Tone was quiet. Spot gold for London delivery opened at a low of U*****.60/ 198.00 and firmed to 198.40/80 level. The market stayed around this433 words
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MONEY AND EXCHANGE$
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Article640 1978-08-30 4 THE US dollar opened on the foreign exchange market yesterday on a firmer note than its overnight level. It was subsequently traded up in the day but lost some strength in late afternoon. However, the dollar managed to close firmer against major currencies. From an opening of 193.40/50640 words
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Article225 1978-08-30 4 Asian rates ASIAN currency rates as at close deposit interbank on Aug 29: US Dollar* (Spot) OHer BM 7 days 1 mth 2 mths 3 mths 6 mths 9 mths 12 mths 8 7/16 9 8 11/16 8 13/16 9 3/16 9 1/4 9 5/16 Sw. Fn. (Middled 9 5/16225 words
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Article51 1978-08-30 4 RANOE of prtc es offered by discount houses on Aug 29 Overnight 2* to 3NS Call deposits 3W* to 3H% 3-month Buylag Selliag Treasury bill 3 8/16 3 7/16 3-month Bank bills e V18 6 1/18 3-month CD 81/2 63/8 •-month CD 5/8 6 1/2 Source: National Discount Co51 words
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Article21 1978-08-30 4 THE average rate at which Singapore banks are currently prepared to lend to their heat customer* is 7 per cent.21 words
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Article56 1978-08-30 4 AUSTRALIA NZ exchanges quote* yesterday US doUai 1.1456/1 1407 Sterling 0 MM/0 Ml5 Ninety-day air mall buylnf rates Sterling 0.6178 US dollar 1 1785 Ninety-day forward buying rates Sterling 0 5098 US dollar 1.1402 NEW ZEALAND: Sterling 0.5458/0 5427 US dollar 1 0510/1 0410 Ninety-day airmail buying rates: Sterling56 words
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Article57 1978-08-30 4 Euro rates LONDON Eurodollar deposit* opening quotes on Aug 29 Overnight 8-1/1 #-1/4 Wed/Thur »-3/8 g-1/4 Thur/m 32-1/8. 32-1/4 Seven days ft* and notice 1-7/16, gVIC One mUi 8-7/g Two mths 8-11/ie. g-t/lg Three mths 8-11/16, 8-11/16 Four mths 9-1/16. 6-15/16 Five mths 9-1/8. 9 Six mths 9-3/18. 9-1/16 Nine57 words
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Article233 1978-08-30 4 THE dollar on Monday closed somewhat firmer against major currencies in quiet, thin trading reflecting the closure of the London market, dealers said. They said the gains were prompted by an apparent firming of interest rates by the Federal Reserve, as well as news the Fed was cutting233 words
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Article296 1978-08-30 4 THE dollar yesterday lost some of Its early gains against major currencies as trading got underway, but was still higher than Friday's close after the long UK holiday weekend, dealers said. Trading was fairly quiet, the market looking forward to the release in the afternoon If US July trade296 words
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Article200 1978-08-30 4 THE US dollar for overnight delivery closed sharply higher at 194.30 yen, compared with a 193.30 opening after rising briefly to 194.80 yen, dealers said. The dollar fluctuated nervously between 193.95 and 194.80 yen in active late trading after initial firmness, dealers said. The US currency rose briefly in200 words
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Article187 1978-08-30 4 THE dollar firmed on news of the US Federal Reserve Board's Eurodollar actions but afternoon profit-taking from Europe and Asia pared the gains, dealers sala. The dollar rose to 2.0310/20 marks in late trading, below its 2.0330/40 high, but up from California's 2.0240/80 close and rose to 194.50/70 yen187 words
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Article46 1978-08-30 4 FRANKFURT exchanges closing quotes on Monday US 2.0185/200 CM 1 7585/7805 Sterling 3 875/888 D Ft 92 22/32 S Fr U#.70/W> Ut 2 385/95 F Fr *5 85/95 Yen 1 0475/95 B Fr (con) 6 358/388 B Fr (fin) 8 185/175 N Kr 38 00/1046 words
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Article57 1978-08-30 4 ZURICH exchange* dosing quote* on Monday US 1 MtO-UK Sterling 3 2504-254# Can 1.4714-4132 Dmk 83 6098-7172 DTI 77 2415-3455 F Fr 38 3008-4528 B Fr 5 3285-3348 O Kr 30 4047-4450 N Kr 31.0308-0773 8 Kr 37.7010-8330 Lit 0.2003-2008 A us act) 15 5040-8032 Port 3 8087-7081 Spain57 words
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Page 4 Advertisements
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Advertisement175 1978-08-30 4 ONE GOOD PUBLICATION THAT'S worth a thousand watts II you're into hi-fi, you'll certainly enjoy reading The Craft of Sound a Handbook of Hi-Fi Hints, filled with interesting and essential features for all hi-fi enthusiasts to improve their listening pleasures. Wouldn't it be worth your while to make a mere175 words
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TRANSPORT
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811 1978-08-30 5 RAHIM KASSIM - REPORTS OF OVERTONNAGING By RAHIM KASSIM RECFNT TRENDS in worldwide shipbuilding showed a significant reduction in the number of rollon/ roll-off (ro-ro) vessels contracted, while refrigerated vessels enjoyed a Jump in orders. The latest figures, reported by Fairplay World Ships on Order, indicates811 words
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Article158 1978-08-30 5 AP. THE US Civil Aeronautics Board has authorised Pan American World Airways to purchase up to 25 per cent of the stock in National Airlines. It gave the same go-ahead to Texas International Airlines earlier. The board will decide in 30 days whether the twoAP. - 158 words
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Article756 1978-08-30 5 THE FREIGHT market for both tankers and dry cargo vessels is still excellent for shippers. Shipowners are carefully watching certain trades so as to position a vessel where there is limited competition. Scrapping of vessels in Asia totalled 632,000 dwt in ■July about 10 times that of756 words
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Article, Illustration378 1978-08-30 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Barge Intermac 312 (0800 alongside Seiryu Maru) 40/41 Gudrun Bakke (2200 after Mallory Lykes Elbhoff) 6/7 Lyudmilla Stal (1100) 35/36 Nedlloyd FIJI (0600 after Nedlloyd Nassau) 3/4 Pacific Trader (after Shoko Maru) 15/16 Seiryu Maru (after Du Shan) 40/41 Shkotovo (1930 after378 words
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222 1978-08-30 5 UPI. WITH Japanese technology. China has begun modernising its shipyards and merchant fleet, Industry sources said yesterday. This is an indication China wants to ao trade with its own vessels Instead of relying on iorelgn flag carriers in the future. After exchanges of shipbuildingUPI. - 222 words
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329 1978-08-30 5 That's Al a token profit for Israeli line EL AL, Israel's airline, showed an operating profit of US$6.6 million (5515.2 million) for fiscal 1977-78 before financing expenses, compared with $5.8 million in the preceding year. Net profit came to $10,000 against $280,000 in 1976-77. However, the company Invested $59.6 million329 words
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381 1978-08-30 5 TWO LEADING Norwegian shipping groups have reported satisfactory operating results during the first half of 1978, and both are relatively optimistic about the rest of the year. Wilh. Wllhelmsmen, Norway's largest shipping concern, says total 1978 operating profits. Including financial Incomes but before interest and381 words
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Article747 1978-08-30 5 ARRIVALS Serried Local Operator Number Time Prom TMA TL374 0530 TPE MAS MH601 0700 KUL MAS MH682 0725 KCH SIA SQ101 0815 KUL MAS MH621 0840 PEN MAS MH607 0845 KUL MAS MH671 0945 PEN/KUL CPA CX710 1005 HLP OIA GA980 1030 HLP THAI TG423 1035 BKK747 words
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Page 5 Advertisements
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Advertisement411 1978-08-30 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****55 -f Call us for you. local or onward reservations Attention fill Engineers...fTlony fleuu Electronics Production Equipment and Techniques Rre Coming Your Way! ere? H 1 v— mtL T n inTGRnGPeon SOUTHERST f i ASIA «9mKOfioiKior iniernQiionai 6, 7, 8, 9 September411 words
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566 1978-08-30 6 THE VARIOUS moves taken by the Federal Reserve Board to boost the US dollar are calculated risks which will either hit the mark or miss It completely. But even If it should be bang on target, the direct effect on the dollar itself will566 words
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Article, Illustration1657 1978-08-30 6 SOH ENG LIM - The Malaysian government made a call recently for more cautious moves into the oil palm industry. This was more to suggest that there be no neglect of rubber, rather than a lowering of sights with regard to palm oil. In1,657 words
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Page 6 Advertisements
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Advertisement310 1978-08-30 6 v., vNir M Sandemarfs Cream Sherry You don't have to pay a high price for a good Cream Sherry. v Another quality product from I mm* 405/407 Havelock Road, S'pora 3. Tel: *****1 lon Bar Where beautiful things happen come around to lon Bar for a swinging get together where310 words
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Page 6 Miscellaneous
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Miscellaneous63 1978-08-30 6 OUTLOOK for Singapore from 6 a.m. to noon today: Isolated showers in late morning. Report for 24 hours prior to 7.30 pm on Aug 29 at the airport: Maximum Temperature 29.5° C Associated Humidity 69 Minimum Temperature 24.6° C Associated Humidity 100 Hours of Sunshine 2.95 Rainfall in Millimetres Trace63 words
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Miscellaneous262 1978-08-30 6 SINGAPORE 5 3.00 PM Opening announcements followed by The Beverly Hillbillies Shorty Spits The Hook (Repeat) C 3.30 Diary Of Events (Malay) 0 3.35 Bonanza The Prisoners 4.25 Intermission 6.00 Opening announcements followed by Petticoat Junction Sorry Doc, I Ain't Taking (Repeat) 6.30 News in Brief 0 6.35 Timang Tinggi262 words
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Article, Illustration195 1978-08-30 7 KAZUO NIKAMI - Singaporeans may be used to thinking in terms of Fuji, Sakura and Kodak when it comes to photographic film but Americans aren't, which makes the problem of breaking into the US colour film market that much harder for the Japanese. *y KAZUO195 words
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Article, Illustration442 1978-08-30 7 UPI. Among them, Kodak commands the lion's share of 80 per cent, according to industry analysts. "The yen's rise has put Kodak in a stronger position in the fierce competition for a larger share of the profitable colour film market," said Brenda Lee Landry, a viceUPI. - 442 words
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Article291 1978-08-30 7 RAJENDRA BAJAPAI - By RAJENDRA BAJAPAI Reuter OWNING a large foreign car has become the status symbol of India'anew rich and the government- is cashing in handsomely. I Film actors, industrialists and others recently bid against each other at an auction of secondhand imported cars conducted by the government-ownedReuter - 291 words
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Article, Illustration366 1978-08-30 7 WELL-SEASONED auctioneers though they may be, the professional at Christie's and So the by will do well to learn this trick from Singapore's very own hungry ghost festival auctioneers. There are many 01 them around during this month at the street-side dinners held to appease the366 words
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Article880 1978-08-30 7 WILLIAM SAFIRE - FORUM F ...on economics k. 4 ir WILLIAM SAFIRE William Safire is a writer with the New York Times. EUROPEANS' admiration for American daring enterprise surged briefly at the happy news of the first successful balloon flight across the Atlantic. The trio of American balloonlsts who880 words
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Page 7 Advertisements
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Advertisement344 1978-08-30 7 I ij New Japanese Restaurant KIKU^p serving authentic Japanese food r. r TeppanYikki *lem|xira Shashimi *Sukivaki *ShalxiShaixj KIKU JAPANESE RESTAURANT ORCHID INN Tel *****2 214 Doneam Road Singapore 11 Enchanted evenings in fine European tradition. Mirabelle I < A, A ''/<•/ iur on mcnantea evening are here at Mirabelle. Romantic344 words
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Page 7 Miscellaneous
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Miscellaneous54 1978-08-30 7 Rri Stow: Fmn> Dickens HemD —rness#vse *eRe Tv4C OJeP\t-I\NG LRDy OeBR vr\£. 6. "WG. Cl£PHlt4& STpfF HRvr so oovjch Time p,r CHJR DISPOSPiL LOC CPM4NOT RLL TH»S Oi ONC RE*SOH, TMeß6.roße L£PM£_ NOUS DESK BS N/OU UOULD UJISH TD FIND IT Do *)u vJpkve such p» v Thing? P& F\N54 words
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INTERNATIONAL STOCKS MARKETS
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Article582 1978-08-30 8 TOKYO Source: DBS-Daiwa THE maricet was bullish yesterday. small-lot purchases were widespread, pushing tnedlum-priced Issues up In various sectors. A number of stocks (including Electric Cable and medium-priced steel and machinery Issues) were traded on relatively heavy volume. Selective buying gained momentum since yesterday was the settlementSource: DBS-Daiwa - 582 words
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Article339 1978-08-30 8 Source: SHK Sec. A STEADY start yesterday after the long weekend saw the market consolidate* on relatively active turnover. For a change, second line property shares were only steady except for Hang Lung which added 80 cents to HK$7.7O on unconfirmed reports of a property sale on Kowloon side.Source: SHK Sec. - 339 words
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Article342 1978-08-30 8 DIAMONDS led the market to a five-year high yesterday, with CRA closing 10 cents higher at A 53.43. on speculation about the Ashton Diamond venture ahead of results, dealers said. Recently active uraniums lost momemtum with Peko falling 10 cents to $6.16 after results, and EZ Industries five cents342 words
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Article99 1978-08-30 8 AUG M Pesoa Aco]e Mining .01 -0 0005 Atlas Con. A Atlas Con. B 20 60 1.4 Bagulo Gold .0105 -0.001 BenguetCon B 37 00 +0.25 BFGoodrich 21 00 -1 CDCP 23 90 -1.6 IncoB Landoll .012 unch Lepanto B .23 -0 015 Marlnduque B Meralco 20 00 -♦■0.399 words
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Article205 1978-08-30 8 Aug 28 Baku Bangkok Bank 382 unch Bank of Ayudhaya Ltd 272 unch Thai Danu una Thai Farmers Bank 372 unch Thai Commercial Bank 888 unch Bangkok Metropolitan Bank unq Industrial Finance Corp 2.415 General Finance 300 Bangkok Investment 318 -2 First Trust 288 -S Raja Finance unq Lee205 words
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Article385 1978-08-30 8 THE MARKET was extremely quiet on Monday due to the UK bank holiday, and there waa a slight overall easing on a general lack of Interest. Dealers said the gold sector was narrowly mixed, and the absence of bullion trading In London and Hongkong obviated a definite trend. Most385 words
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Article61 1978-08-30 8 FINANCIAL TIMES INDUSTRIALS Monday closed Friday 513.4 Week Ago 519.2 DOW JONES AVERAGE INDUSTRIALS Monday 884 88 Friday 885.53 Week Ago 888.95 LONDON DOLLAR PREMIUM Monday closed Friday 95 to 95* H.K. HANG SENG Tuesday 684.51 Monday closed Week Ago 834.42 SYDNEY INDUSTRIALS Tuesday 453.44 Monday 451.47 Week61 words
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Article445 1978-08-30 8 EUROPEAN MARKETS AMSTERDAM #hare prices closed mostly firmer on Monday led by Akic 1.10 guilders higher among Dutch internationals. Unilever edged lower, while Royal Dutch closed unchanged. Most shippings and transports were very firm with Nedlloyd and KNSM 3.40 and 3.30 guilders higher, respectively. Bljenkorf firmed 4.50 guilders445 words
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Article230 1978-08-30 8 AUG 28 FU ABN 318 50 ♦2 Ahold 114.30 1.8 Akzo 35 10 1.1 AMEV 88 50 ♦0.7 Amfas 117.00 1.5 Amrot Bank 81 70 ♦0 8 Bergoss 65 00 -3.5 Berk 100 SO ♦0 8 Bo Is 78 50 1.3 BorsumlJ 173.00 Burhmann 78 00 ♦0.6 Byenkorf 101230 words
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Article236 1978-08-30 8 AUG Dm Aef-Telefunken 83 10 1 Akzo 32 10 All* Leben 690 10 All* Vers 490 2 BASF 135 30 unch 3ay H T Wbank 288 -1 Bay Vbank 327 50 -3 5 Bayer 138 80 +0.4 BBC 307 80 -0 2 BMW 225 50 -0 5 Casseita 397236 words
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Article287 1978-08-30 8 AUG a Frs CORBEILLE Alr-Liqulde B S N Oervais Danone C8F(Thom»onCM) Cle Francaiv des Petroles Compagnle Financier* Compagnle Generate Credit Fonder De France Hachette (Libralrle) Machines Bull Michelln(B) Panbas Pechlney Clgtne Kuhlmann Peugeot-Cltroen Philip* (NvOem Beat) Pnntemps S A Rhone Poulence SA Royal Dutch Suew Cle Ftnao De) Thomson-Brandt287 words
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Article188 1978-08-30 8 AUG 28 Franca Actions SHisses 264 50 1* Alusuiiae Br Alusulsse Reg 513 ♦2 Brown Boverl Br 1605 +5 Clba Gelgy Br 1020 -20 Clba Geigy PC 775 -5 Clba Oelgy Reg Credit Suisse Br 504 -2 2250 unch Credit Suisse Reg 418 1 Elektrowatt Br 1895 4-5 George188 words
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Article93 1978-08-30 8 AUG 28 Frs FORWARD MARKET Acec 403 4-4 •Arbed 2515 50 Astur 712 -10 Brascan 500 4-1 Bru-Lamb 1550 unch Canpac 646 unch Cock 467 4-1 De Beers 222 unch Ebes 2280 5 Electrobel 6800 20 Ob-Inno-Bm 2300 unch Gev 1338 4 Hobok 2565 unch Petro 3835 -30 Ryl93 words
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Article105 1978-08-30 8 AUG 28 Lire Ante 106 -2 Assoc On ***** -540 Bastogl 668 -12 Central? 4280 -10 Fiat 1969 50 -5.5 Flnsider 165 -4 75 Oen Immob 74 50 -0 75 IFI Prl 2330 -10 Italcemenll ***** -120 I taigas 810 -3 Italslder 330 -7 Magnetl MP! 484 -6 Marc105 words
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Article1025 1978-08-30 8 NEW YORK RISINO interest rates and trouble with the natural gas compromise pushed stocks broadly lower on Monday in moderate trading despite speculative interest In gaming Issues. Analysts said Investors are also concerned about the possibility of a postal strike and may have grown cautious In advance of1,025 words
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Article1874 1978-08-30 8 August 28 CHICAGO Board Options Exchange volume eased to 97,766 contracts on Monday from 99,400 last Friday. OPTIONS OCT JAN APL STOCK Alcoa 40 61/2 UNTRD UNTRD 46 Alcoa 45 27/8 4 5/8 51/2 46 Alcoa SO 1 1/8 23/8 UNTRD 46 Am Tel 96 UNTRD UNTRD1,874 words
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Article351 1978-08-30 8 SHARE prices closed lower in active trading on MonO&y. as railing energy Issues led "a steep decline. The composite index was off more than 12 points. Its largest drop since Jan 8, and losses outnumbered gains 328 to The oil and gas lndewost 45 points after Friday's record fall351 words
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75 1978-08-30 8 BONDS LOANS L Reuter TOKYO: Mitsubishi Corp said it signed a contract with Westdeutsche Landesbank for a US$l million loan with a multicurrency repayment clause, the first foreign loan for a Japanese borrower to contain such a provision. The five-year raality carries interest of London interbankReuter - 75 words
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Article55 1978-08-30 8 Reuter MONTREAL: Bank of Montreal said subject to'required regu-latory approvals, it agreed to a public issue in CanadA of Cs7s million of 9.25 per cent debentures dated Oct 3, 1978. and maturing Oct 3, 1984. Underwriters are Wood Gundy Ltd, A.E. Ames and Co Ltd aneReuter - 55 words
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Page 8 Advertisements
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Advertisement142 1978-08-30 8 NOW in FONTAN Paperback HIS MAGNIFICENT BESTSELLER OF A GREAT HONG KONG FAMIIY s a I > "Power and poignancy descriptive brillance." CHICAGO TRIBU THE SEKLOONGS are Hong Kong's merchant princes flamboyant, sensual, wily, unimaginably rich. Jonathan Sekloong has built a vast trading empire, renowned throughout the east. But there142 words
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INTERNATIONAL COMPANY NEWS
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188 1978-08-30 9 AFP TOKYO: Two JapaneseBrazilian joint companies Wtjl be formally lnaugu'rated In Brazil on Sept 1 for the Implementation of a Joint project to build an aluminium smeltery and an alumina factory at the mouth of the Amazon River. According to the Japanese companies concerned,AFP - 188 words
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Article41 1978-08-30 9 Reuter H.ONGKONG Aircraft Engineering Co Ltd reported an unaudited first-half 1978 twt profit of HK520.73 mHlion ($11.07 million), (one), payable Oct 1 shareholders on register Sept 22. The company expects final dividend of not less than $2.40(52.20) ReuterReuter - 41 words
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Article484 1978-08-30 9 ASIAN Reuter MELBOURNE: Repco Ltd said the power strike In Victoria late last year significantly disrupted its business in the first half of its trading year ended June 30. Second half profit was much better but for the power strike. Annual results would have been aheadReuter - 484 words
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Article363 1978-08-30 9 Reuter SYDNEY: Consolidated Gold Fields Australia Ltd said the turnaround to a A 57.02 ihiliion consolidated operating profit from a small loss In the year ended June 30, was substantially due to record profit by Renison Ltd, the group's listed tin producer. Bellambi Coal CoReuter - 363 words
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360 1978-08-30 9 Reuter SYDNEY: Tubemakers of Australia Ltd said its export sales in the year ended June 30 were at high levels compared with recent years, but trading was difficult In Australia. As earlier reported, the group's after tax profit eased in the year. Exports to China,Reuter - 360 words
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Article234 1978-08-30 9 FT SYDNEY: Westfield, the property group, raised earnings almost 33 per cent, from A 52.6 million to $3.5 million in the year to June 30 the 18th consecutive increase in profit since joining the stock exchange lists. The directors said 1977-78 had been' satisfactory and that theyFT - 234 words
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Article94 1978-08-30 9 Reuter MANILA: Paper Industries Corp of the Philippines (Picop) said it made a net loss of 23.6 million pesos in the first half of 1978 comgred with a net profit of 3 million in the same 1977 period. The comapny president, Mr. Jose Soriano told shareholders,Reuter - 94 words
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Article38 1978-08-30 9 MANILA: First Holdings Corp of the Philippines will take a 15 per cent stake In one of Royal Dutch Shell group subsidiary Pecten Philippines Co s oil exploration concession. First Holdings president Mr. Eduardo Regala said.38 words
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206 1978-08-30 9 Reuter TOKYO: Toray Industries Ltd and Mitsubishi Corp have Jointly received a two billion yen contract to build a plant in Yugoslavia to make transparent food packaging material. Toray said the plant, ordered by Vlskoza of Yugoslavia, wilt be capable of making 3,000 tonnesReuter - 206 words
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Article40 1978-08-30 9 Reuter MELBOURNE: The ElecRefining and Smelting Co of Australia Ltd (ERS) said its ex-works Port Kembla refinery copper price was raised to A 51.260 per tonne from yesterday until further notice. The previous price was $1,240 per tonne. ReuterReuter - 40 words
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195 1978-08-30 9 f < N.AMERICAN b Reuter CIT FINANCIAL Corp said it has signed a definitive contract following approval by boards of both companies for sale of a 75.1 per cent interest in its National Bank of North America subsidiary to National Westminster BankReuter - 195 words
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103 1978-08-30 9 Reuter REED International Ltd said it is holding discussions with several major companies which may lead to sale of its entire investment In Reed Paper Ltd, Its principal Canadian subsidiary. A spokesman said discussions are at a preliminary stage and a furtherReuter - 103 words
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197 1978-08-30 9 Reuter. DUESSELDORF: Thyssen AO said most of the group's divisions and particularly Its steel sector recorded a slight Increase In earnings In the second and third quarters of the current financial year ending Sept. 30. The company said In an administrative bulletin, however, thatReuter. - 197 words
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194 1978-08-30 9 Reuter HOUSE of Fraser Ltd said pre-tax profit for the six months ended July 29 came to 18.32 million (€5.57 mHllon). Turnover at £239.32 million €209.58 million). Interim dividend 1.89p (1.69p) and earnings per ordinary share 3.27p (2.19p). Trading excludes valueadded tax £17.12Reuter - 194 words
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110 1978-08-30 9 Reuter LONDON: Toolmakers' leaders at the Leyland car company said they would immediately call all the company's toolroom workers to strike if their union expels 32 toolmen for refusing to work at a Leyland supplier, the Su Fuel Systems factory at Birmingham. The British domesticReuter - 110 words
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Article112 1978-08-30 9 Reuter AMSTERDAM: Hoechst Holland NV does not expect to achieve a satisfactory result In the current year, the company said in its annual report. It had a consolidated net loss of 11.73 million guilders last year against a profit of 9.30 million the previous year on sales ofReuter - 112 words
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Article452 1978-08-30 9 S AFRICA b FT FOLLOWING Reed International's sale to Barlow Rand of Its 62.6 per cent stake in the locally-quoted Reed Nampak. for a total consideration of R64.5 million. Barlow Rand has completed what was always envisaged as the second leg of the deal, the mergerFT - 452 words
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660 1978-08-30 9 f EUROPEAN h Reuter, FT LEVERKUSEN: Bayer AG said chemical sector prices eased in the first half of this year, and export prices came under pressure from the mark's strength, accounting for the lower firsthalf profit. World profit before tax fell to 556 millionReuter,; FT - 660 words
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385 1978-08-30 9 FT LONDON: SP Industries, the specialist engineering offshoot of British Ley land, fell well short of its forecast profit target In the first six months of this year. The latest edition of the company's staff newspaper SP News, says that the full extent ofFT - 385 words
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Article107 1978-08-30 9 AMSTERDAM: European Options Exchange (EOE) director general Mr. TJerk Westerterp said he is very happy with a Finance Ministry decision that Investment institutions can use the exchange. He said this should lead to higher turnover. The ministry was asked a few months ago to confirm that institutions such107 words
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Article54 1978-08-30 9 BRAZIL'S leading soyabean crusher, Olvebra SA, has formally Inaugurated its powdered soyabean extract plant at Qualba, near Porto Alegre, last Saturday. Olvebra said the plant, which is the first In Brazil t? produce the extract directly from soyabeans rather than from soyabean meal, will have an annual production54 words
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286 1978-08-30 9 FT COPENHAGEN: First half results for Danish banks Indicate a sharp revival of profit. Privatbanken'a earnings before depreciation, tax and adjustments for security values, increased from DKr 116 million to DKr 170 million. Net income from Interest and commission Increased from DKr 282 millionFT - 286 words
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452 1978-08-30 9 FT BLUE Circle said its profit from overseas operations should Improve materially In the second half of 1978. The company said in Britain, the market is showing some improvement and home deliveries for the full year are expected to increase slightly compared withFT - 452 words
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Article71 1978-08-30 9 UPI MAZDA Motors of America said the suggested retail price of Mazda's RX-7 sports car was boosted an average 5.5 per cent on Monday because of the decline of the US dollar in relation to the Japanese yen. Mazda Motors said the price of the MazdaUPI - 71 words
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Page 9 Advertisements
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Advertisement36 1978-08-30 9 a division of PERKIN-ELMER helping people the world over succeed with computers Let us help you, write or call: Peridn- Elmer Data Systems (Far East) Private Limited 30th Floor. UtC Building. Shenton Way. Singapore 1.Tel *****4936 words
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DEALS DONE ON THE SES AND KLSE
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Article1560 1978-08-30 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 world Big Board deal (In1,560 words
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Article67 1978-08-30 10 4 1/2* 1/8/89 (250.000) (99.608 99.658) 4 3/4% 15/9/80 (250.000) (100 008 100.108) 5% 15/4/81 (250.000) (100.208 100.306) 7 1/4% 15/4/84 (250.000) (100 758) 7 1/4% 15/19/86 (250.000) (100 758) 7 1/4* 1/5/87 (250,000) (100.70B) 6 1/4* T F IV4/91 (250.000) (100.308 100.SOS) 1/4* T F 15/10/93 250.000)67 words
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Article40 1978-08-30 10 STRIKINO 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 option traded shown in brackets. Sime Darby (Sept $2.00) (1.908)40 words
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Article2502 1978-08-30 10 Gr* Gr'a N«t 1978 Last Dhr Div Y'ld P/E Vol Day High Low Company Sale +or- C*TT root) High Low SECTION ONE INDUSTRIALS 272 132 Ac ma 265 -2 12.ON 1.3 4.5 28.8 4 269 265 238 123* Alcom 234 10.0 2.2 4.2 17.3 178 112 Allied2,502 words
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Article146 1978-08-30 10 SINGAPORE UNIT TRUST INCOME BOND UNIT (Mtuian 1 prieai far Aug M) ICamat p rices) The Commerce 2.43 2 58 INCOME BOND 1.07 1.13 The Saving Fund 1.52 1.61 8'pore Prog Fund 1.17 1.34 MARA BUMIPUTRA FUND 8'pore Security Fund 2.04 2 17xd (Maaagars' prices First Bumlputtm far146 words
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Article1878 1978-08-30 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 units unless otherwise specified. INDUSTRIAL! AliMMll (2 948). A loin (12) 2.52 (10) 2.90. A CtMa1,878 words
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Article, Illustration903 1978-08-30 10 TAKEOVER talk pervaded the Singapore share market yesterday and set off yet another buying spree reminiscent of the 1972/73 big bull run. The day's turnover was an ail-time high at 18.7 million units. End-of-the month covering and profit-taking caused only a little dithering here and there during903 words
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Article671 1978-08-30 10 THE Kuala Lumpur stock market turned out another record breaking performance yesterday when total turnover soared to a new all-time high of 12.14 million units worth M 530.27. The hectic trading broke Monday's record of 11.63 million units worth $30.34 million. Conditions, although very active,671 words
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COMPANY NEWS
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Article, Illustration381 1978-08-30 11 LOW LEE CHOO - BY LOW LEE CHOO CONFIRMING managing director Tunku Dato Ahmad Yahaya's forecast of fiigher profits for 1978, Duolop Malaysian Industries has turned in a set of very impressive interim results. Unaudited group pre-tax profit for the first half-year ended June 30, 1978 Jumped 38 per cent from381 words
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Article360 1978-08-30 11 GROWTH Industrial Holdings (GIH), the company which was spun out of Pegi Malaysia earlier this month, will be listed on the Stock Exchange of Singapore shortly. The administrative matters should be completed in a matter of days, according to a company source. However, Malaysian holders360 words
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Article323 1978-08-30 11 Current Ex Books Date Total for Total for payment Date close payable the year previous year M Cement 10%I Jul 31 Aug 11 Aug 30 22 V, Island and Pen 9%(n) Aug 16 Aug 26 Aug 30 17% 15% Pan Electric S. Darby l »ec 20% Jul 25323 words
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Article143 1978-08-30 11 Company Particulars Ex Date Books Close Srntou Bonus issue of 1 for 4 Aug 30 Sept 12 Great Eastern Life Bonus Issue of 1 for 2 Sept 1 Sept 11 M Tobacco Bonus issue of 1 for 1 Sept 6 Sept 16 Rotkaui Bonus issue of 1 for143 words
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Article, Illustration824 1978-08-30 11 ARTHUR NG - By ARTHUR NG PUNTERS who bought Singapore Finance shares yesterday in the hope of a more generous offer from Hong Leong Finance will be in for a shock today. For with Hong Leong's announcement of only a cash bid at $2.60, a different824 words
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274 1978-08-30 11 GROUP pre-tax profit at Negri Sembilan Oil Palms has, as expected, drifted downwards from M 53.89 million in the bumper six months ended June 30, 1977, to $3.54 million in the first-half this year. In the second-half last year profits were $3.6274 words
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Article57 1978-08-30 11 HAW PAR Brothers International announced It has acquired an additional 2.540.000 cumulative redeemable guaranteed preference shares of 20 pence each In Haw Par (London). These shares were purchased through the London market from various sellers and brought the total number of shares beneficially owned by the Haw57 words
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Article140 1978-08-30 11 WILKINSON Process Rubber Co Bhd: Interim dividend 7 per cent (8 per cent) less tax for year ending Sept 30. payable Oct \L to shareholders registered on Sept 30. Malaysian American Assurance Co Bhd: Gross income M 52.12 million ($1.57 million) for six months ended June 30. New140 words
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Article, Illustration440 1978-08-30 11 SUSAN BEVAN - By SUSAN BEVAN UNITED Motor Works' recovery from the 1975-76 doldrums accelerated during the first-half of the current year ending Dec. 31 1978. Profits over the si* months to June 30 were Msl 8 million compared with only $800,000 in the same period of 1977. The440 words
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Article220 1978-08-30 11 PUBLIC Textile Berhad: AGM to be held at 1016, Mule tm 1, Jalan Bahru, Prat, Province Wellesley, at 12 noon on Aug. 30. International Wood Products Ltd: AGM to be held at the Board Room, 2nd Floor, DBS Building, Shenton Way. Singapore at 11.30 a.m. on Aug 31.220 words
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Page 11 Advertisements
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Advertisement227 1978-08-30 11 Hie combined effort off many off thpmrnAfchpd: madfenl Tnfnrlg— I Medical and Health Annual This decade has witnessed j tremendous number of new discoveries in medicine, and some of the greatest advances in medical knowledge the world has known. Keeping abreast of all these new developments is an awesome task227 words
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884 1978-08-30 12 Reuter. EUROCURRENCY managers in London expressed some surprise at the US Federal Reserve Board's action in cutting the reserve requirements on foreign borrowings to zero from 4 per cent and eliminating the one per cent reserve ratio on foreign branch loans to US banks. TheyReuter. - 884 words
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Article647 1978-08-30 12 THE US Federal Reserve pushed Interest rates a notch higher on Monday, apparently in another move to strengthen the dollar in foreign exchange trading. Bond prices fell fairly sharply. The Interest rate on federal funds inched upward to B'/« per cent, point above the level bond dealers647 words
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162 1978-08-30 12 Reuter. A CONSORTIUM of West German banks are discussing a credit line of up to 10 billion marks (5511.2 billion) to the US, the Frankfurter Allgemeine Zeitung newspaper reported in Frankfurt. However, Euromarket sources said the possibility of such a credit is highlyReuter. - 162 words
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236 1978-08-30 12 IT IS confirmed that Malaysia Km* offered Singapore 17 fllfhu a week to Penang aa a conces■ion for the air seniles agreement under negotiation between the two countriea, and that both countries will give up their fifth freedom righta if necessary. Fifth freed oi righta236 words
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372 1978-08-30 12 LAST MONTH'S Industrial production Index In Japan rose by 0.3 per cent to a preliminary 122.8 (base 1975), seasonally-adjusted, after a revised 122.4 In June, but unchanged from May. The International Trade and Industry Ministry reported that the year-on-year gain In the Index372 words
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642 1978-08-30 12 y A. KADIR JASIN in Kuala Lumpur - ■y y A. KADIR JASIN in Kuala Lumpur A COMMITTEE of the Malaysian Rubber Exchange and Licensing Board (MRELB) will soon resume Its study on the possibility of making SMR 20. the second hedging grade on the Malaysian rubber market. The committee, formed642 words
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Article407 1978-08-30 12 LEADING natural rubber producers and users have opened a two-week meeting In Geneva to work on a draft international agreement to stabilise prices and markets. A previous session of the talks in March, bringing together some 50 nations, decided to convene fullscale negotiations, provisionally for October or407 words
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Article425 1978-08-30 12 IMPORTS OF cotton, wool and man-made fibre textiles into the United States increased 24 per cent during the first six months of this and were close to the record level of the first half of 1972. Imports totalled 2.56 billion square metres equivalent, compared with 2425 words
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Article192 1978-08-30 12 FEWER people are applying for Jobs In the Civil Service. Last year the Public Service Commission saw a drop of about 10 per cent In job applications. The number would be even lower If the 5,893 applications from serving officers were excluded from the 30,411192 words
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Article766 1978-08-30 12 LONDON. Tues. Prices drifted lower in slack trading today, unsettled by continuing election worries, dealers said Leading industrials lost up to lOp. but many closed above the day's lows. At 3 p.m. the Financial Times index was down 6.5 at 506.9. Government stocks were little changed in idle766 words
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Page 12 Advertisements
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Advertisement250 1978-08-30 12 HONG LEONS FINANCE LIMITEB (Incorporated in Singapore) ANNOUNCEMENT Further to the announcements on 19th August 1978 and 21st August 1978, the Directors are pleased to announce that the' Company has purchased a further 2,838,000 shares of Ssl.oo each in Singapore Finance Limited for cash at 552.60 per share. As a250 words
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Advertisement0 1978-08-30 12 }~[~>[\},}."_$&<~-_^=]!]@[@}`(/0 words
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Advertisement130 1978-08-30 12 IT PAYS TO CONSULT INDCSUEZ BEFORE MAKING A DECISION ON YOUR CASH BALANCES This week we are quoting the following for Singapore Dollar term deposits up to 5J250.000 1 month 5V»% p.a. 3 months sV«%p.a. 6 months p.a. 9 months 6% p.a. 12 months p.a. Savings 4%% p.a. We also130 words
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Article2516 1978-08-30 13 SCHEDULE A guide to ships loading at Singapore for Ports around the World The following list tabulates, by port of destlnaUon the name of the thlp, the shipping line Involved, and the esumated dates Of arrival and departure from Singapore port. Consort! ama SetnDateh has a Joint «r»rtw2,516 words
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Page 13 Advertisements
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Advertisement484 1978-08-30 13 DIRECT DIVERSIFIED DEPENDABLE SERVICES TO/FROM USA AND CANADA Agants: Barter Una* Singapore Pt, Ud Tal ***** HarrHons ft Crosfiald Kuala Lumpur Tal: SO7S(VS9 Pamaa- MISC Paoang Tat. ***** SHIPPING SANKYO LINEI AUSTRALIA SERVICE P. Ktiuif Singapore Loadinc for MAYCARP 3/4 Sept 1/2 Sept ADEL MEL SYD PARADISE MOON 15/16 Sept484 words
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Advertisement493 1978-08-30 13 THAI MAJUN€ UN€ REGULAR SCHEDULED CONTAINER FEEDER SERVICE I BETWEEN SINGAPORE/BANGKOK BANGKOK SINGAPORE Wit SAMUT 117 JO At# 1 TS«P< SS«pl KITI SAMUT V. II IS«p» 10S«pt 13S«pt 14S«p« KITISAMUT»I9 17 U* 1» S** 22S«p< HStpl BOOKINGS ENQUIRIES OCUN SHIPPING A ENTERPRISES PIE LTD 21ST FLOOR. MARINA HOUSE. SMENION HAY.493 words
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Advertisement341 1978-08-30 13 ALFRED C. TOEPFER GMBH REGULAR SERVICE TO MEDITERRANEAN PORTS OF ITALY, SPAIN, FRANCE S'ppre P KitMf Disclurtmf Ports m.» SELINOA 5 Sep 1 Sep Silerno, Monfilcorw Napiot. Trieste. Venice m.» OINOUSSIAN MAIDEN 7/1 Od -do BURDEKIN SHIPPING PTY LTD REGULAR SERVICE TO ANTWERP I U.K. ACCEPTING THROUGH BILLS OF LADING341 words
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Advertisement385 1978-08-30 13 ANHSING LINE KfiVLM SEMI CONTAINER LINE* SERVICE Span rum rutMt LMMJI* UNION AUSTRALIA 2/f S* Ukm Mia* UNION lEDOAH (/IS* MM ANHSINC IV I«S* MM Vk. LORD STEAMSHIP CO. S.A lAIWM/STRAITVTAINAR EXPRESS UNCI SERVICE Srow r XELAN6 PENAN6 TIWM lOONHSIM 2/31* 4/4 S* 7/tS* IS S* IOONCHOM 4/4S* VIS* 9/11S*385 words
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Advertisement41 1978-08-30 13 '`(-?.?'_~,)&_*|/=_~]&~!@~<%!({ NOTICES WIJSMULLER MARINE SERVICES (F.E.) PTE. LTD. HAS AVAILABLE ON HER SEMI SUBMERSIBLE HEAVY-LIFT VESSEL "OCEAN SERVANT 1" 2000 M* DECKSPACE. DEPARTURE SINGAPORE 19-9-1978 FOR ARABIAN GULF ENQUIRIES: SUITE 2305, 23rd FLOOR SHAW CENTRE SCOTTS ROAD SINGAPORE, 9. TEL: *****14 (3)41 words
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Page 14 Advertisements
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Advertisement844 1978-08-30 14 FULLY CONTAINERISED TO EUROPE Eiprtu Kitmo Mm KMHOM l*|r Ttkjt Bty EXPRESS CONVENTIONAL TO EUROPE Span P Kiimt P«. Bitot S«m H'tarj Hmmm 5/9 30/9 23/9 6/10 HaMwitMi 12/9 14/9 5/10 1/10 12/10 gmlwutu 29/9 30/9 >7/10 29/11 FnnwtMi 14/10 31/10 13/11 DtstfMu 13/11 30/11 11/12 MWHtarM 30/11 17/12 30/12844 words
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Advertisement386 1978-08-30 14 Sod 25/26 Oct 4/5 Sod 28/38 Od 7/1 od4 Od 5 Od 14 Od 7 Od IS Od 18 Od 17 Od 1? Oct 1* To: US ATLANTIC US 6ULF ft EAST CANADA Maooitbaoi ;I HO Tomor Tai Pag I*"* Sod 11/13 Sod 16/22 Od3/4 Odt/U Od 14/22 1 Od386 words
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Advertisement622 1978-08-30 14 T| LAND a U.S.*./ ASIA SERVICE NT REFRKOATEO CONTAINER SERVICE SAILING EVERT WEDNESDAY FOR PORTS IN USA. CAMAOA. CARIBBEAN, JAPAN. KOREA. TAIWAN. MOM ROM. INMUMO WO PHILIPPINES DIRECT SERVICE TO MID EAST DRY/ REEFER CONTAINER SERVICE TO DUBAI, BANDAR ABBAS, DAMMAN, MUSCAT, DOHA, TEHRAN, ESFAHAN 40TH FLOOR HONG LEONG BIOG622 words
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Advertisement782 1978-08-30 14 Everett Steamship Corpn.S/A CTttsut O SK Litte s SOUTH AMERICA SERVICE Pnmer* Peak 25 Sept Sautes b tft lw«i linin I EAST AFRICA SERVICE P4*s 1 Sept Mempesa. Da as Salaam Irate Pmneer II topi Mimkiii, Oar-es-Saiaam. tart Se*a»nak Man 21 Sept Manhasa. Dar-es Salaam NEST AFRICA SERVICE o«aa Wmw782 words
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Advertisement690 1978-08-30 14 I \KDI\ I \U Orient Overseas CotUcmeA Line FULLY CONTAINERISED SERVICE TO EUROPE (VIA SUEZ) All vessel* call Bremerhanen after Hamburg FULLY CONTAINERISED SERVICE FROM EUROPE (VIA SUEZ) I P K«ia««| Spare I M Kan| Kaothwnf Osaka Tatra ■NEPTUNE PEARL 101 CHEVALIER DOZE 101 HKON6 CONTAINER HE IMERCATOR IE ORIENTAL690 words
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Advertisement1274 1978-08-30 15 QCL Overseas Containers Limrted Wmmm* snwwt T» i/ctunKW: Htm rt rotoi It Sport P. ICtltm D'atr* Irw A'wtrp Htvrt micuw (inns i ti*t timi iisnt iimii nw iiunt urn i s«t m s*»t it snt v stpt (i e«t) unow ur 11 soot iisoot w i w *<<« *5 tmii1,274 words
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Advertisement1077 1978-08-30 15 Ben Ocean Apart sennx ofßtoLinz Blue Rjnnel (lea Im and NSMO ■INMMI ti/n Sift H/ I M OEHCRRACRAH a/14 *Ct Te HI SCI PWTi LYCAIN 13/14 Sfpt LYCABH LAERTES 11/11 *t (Accaptiaf ceataiaen aad tmthli caryi) 1( ttt leiioet, Nln, Aanterdai MM. 11 Hot Leitees, Bilbao, Annterdai Mall. Jeddak. Mate.1,077 words
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Advertisement1178 1978-08-30 15 BEN LINE 3*l H'BIMS I IWII I'DW HAVRE SOTOH Caf»a«y/4aUna Baaala Fwi Ml U.K. Sc*mliMTi4 Anttwrp MKim imu ito*t itttfTiM iftott aM alatt KITANt MIIV 4 S.ft Mhft Slut Sl«{l Ml BHU KfWLfON UT 11 Saft 1! to* 4 toi I tot tot (W tot) 1 tot TtfTt MT toft1,178 words
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Advertisement827 1978-08-30 15 Scan Dutch V EXPRESS CONTAINER SERVICE VIA SU WESTBOUND TO MED/UK/ CONTINENT/SCANDINAVIA Feeder trw* P. Mlanf «n»l FIANCISCA TOT AM A I LEMMA 2/ I «It Rl CAN EItANMA 11/ NIBNOdTMAN FIANCISCA I/ B JVTLAMIA riMCttCA m ELIAMAA a/ Wl lirr S port 1) Mseillet 2) Rdain Mburf 4) Gburf827 words
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Advertisement448 1978-08-30 15 GUTHRIE BOUSTEAD THE BANK LINE LTD. LBABS FBR L 1 AFRI CA UN SEIRSE (Mauritius, Pew ion. Durban E.L., P.E., rapetown) Kuantan It PI" Stf S'port I/I Si) P.*tla«| rm on t wn vtiu P. Kt anf S'PO" EXPRESS SERVICE lIKECT FROM SINGAPORE TO NEW BRLEAJtS, MUX IMSTM BALVESTBH ALSB448 words
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Page 16 Advertisements
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Advertisement1012 1978-08-30 16 to nmon S'aore P. Ketang l.Hawe H'burg Bremen (Pdim A'werp I RESEARCHED 3W 31 Aa| 1 Sept 20 S«pt 22Sapt 23 S«pt 24Sept 20 Sept «PTH«COULIW 13 Sept 15 Se* 3 Oct 5 Oct I Oct I Set II let CHEWIER nun. 12W 21 Sept 22 Sept If Oct 121,012 words
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Advertisement973 1978-08-30 16 52 U.S.A. I EAST CANADA SERVICE ACCEPTING Fd/LCI CONTAINERS FROM PENANG. P. KHANC. ST9K LM4.It tar: NORfOLK, NEW TMK. (UllfM. ST. MUM Penanf Belaaan P. Kelanf Smppore "visnva tut*" (nisa a sci) is/it saft la/ase* a/ns**t a/astft E.C./GREAT LAKES SERVICE UfOiat tar: NORFOLK. HI TMK, HMTMtI. TRRRRTR. UKWU, iMW. CKI».973 words
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Advertisement1021 1978-08-30 16 NEPTUNE ORIENT LINES LTD "FULLY CONTAINERISED SERVICES: re mm. ona smr ORIENTAL KSUaUm 11 ta| KEFTMME CORAL 13 Sept CHEVAUU PAUL A Sept 22 Sept CHEVALIER RIZE a Sept »Sept NEPTUNE PEARL 5 let MERCATOt 1) let tO. RESEARCHER S'pere Clesi* Ti *Afl vassals at U tan aftai FBOM EMtOPE1,021 words
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Advertisement644 1978-08-30 16 HE MALAYSIA* mmKNATIONAL SUPPING COKPO*A7K)N BCPHAD EXPRESS FULLY CONTAINERISED SERVICE TO/FROM MED/UK/CONTINENT/SCANDINAVIA WEST Wi feeler UM( VtSMI rpoft D MeillM BMm 3) Hb»f| 4 Start tlili), L Ml, Mat, lull W, 3) aneif. ml, s itM, —mm. atft EXPRESS CONVENTIONAL SERVICE TO UK/CONTINENT If. Mini S port P. Kelanf FYnenf644 words
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Advertisement680 1978-08-30 16 t INTRASEfI (PTE) LT* f U rG v^. mui inkpcmekt som/fiu tmuim service re emk S'port P. Ktlaaf Pmmc LmM( ton lIISN Ul mi to Ptrt Sailtd H-Bwf/R'daNi/ BwloM» NWUIHI II Sept Dhft Mtwt Htifi/rtM/lfwriv, wtiii will nim 2 Bet <rkMtvtM/M»nt,ii«fcR'dam/H'fctrf. Apata: i inll intbasca mi) Lia-asmi-MaßiNa-asmr .rj L UMT680 words
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