The Business Times, 6 August 1983
1983-08-06
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The Business Times
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Title Section10 1983-08-06 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, AUGUST 1183 60 CENTS10 words
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414 1983-08-06 1 LEE YOKE MENG - By LEE YOKE MENG THE Government has given the Post Office Savings Bank (POSB) the green-light to extend its banking services from savings accounts to include current accounts, fixed deposits and travellers cheques. POSB also said yesterday that it will remain a statutory414 words
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399 1983-08-06 1 CHAN OI CHEE - By CHAN OI CHEE GROWING conglomerate Keppel Shipyard, suffering from "very depressed" conditions in the maritime industry, has reported its most disappointing interim results in years. For the first six months to June 30, 1963, the group saw a sharp 71 per cent fall399 words
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Article36 1983-08-06 1 SSSSLTti? were —t flf *l,' a 7®*"» a l!w «Mnjl mitts* (BNflt W 17.46 adHnMn) keeuM «f denr«««d «nippCg MtivittM, iMMMi tatofwt rTiir—rnyy cfc fgc improvement la pedfle e"™*™ Mi stowly Imprsvtag environment36 words
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473 1983-08-06 1 Reuter THE New Zealand government has awarded nine new foreign exchange licences, Prime Minister Robert Muldoon announced. The new dealers are Broadbank Corp Ltd, Citicorp Forex Ltd, Development Finance Corp of New Zealand, Indosuez New Zealand Ltd, Lombank (New Zealand) Ltd, Marac Corp Ltd,Reuter - 473 words
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290 1983-08-06 1 AP Reuter PRESIDENT Reagan has named a 21-member commission to determine bow the US can compete better in the technological revolution and turn industrial Innovations into profits. In announcing the membership of the Presidential Commission on Industrial Competitiveness on Thursday, MrAP; Reuter - 290 words
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BRIEFLY
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Article100 1983-08-06 1 UNITED Overseas Bank will set up a representative office in Seoul, South Korea. It will be managed by Mr Harry Lum Kok Tsing, who has worked with the UOB Group in Singapore and Malaysia for the past 10 years. The Seoul office will strengthen the UOB100 words
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Article76 1983-08-06 1 FIVE armed pirates who broke into a safe aboard an Indonesian oil tanker south of Singapore and escaped with US$l5,OOO in cash were arrested by Indonesian authorities at their hideout, officials said yesterday. The pirates, some armed with long knives and others with guns, struck the tanker in76 words
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Article56 1983-08-06 1 Bernama THE Malaysian Parliament yesterday adjourned sine-die after a 10day session during which eight Bills, including the Constitutional Amendment Bill, were approved. The Bill, among other things provides for the creation of more seats for the Parliament and the state legislative assemblies and abolished appeals for civil casesBernama - 56 words
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Article76 1983-08-06 1 UP TO 65 million Nigerians spread between the tropical mangrove swamps of the south and the subSaharan north of black Africa's biggest and wealthiest nation vote today in a crucial test of its four-year-old democracy. The authorities have instituted a massive security operation with all police leave76 words
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Article75 1983-08-06 1 Reuter THE Sri I.ankan government has launched a survey of widespread damage caused by last week's ethnic violence as security on the island began improving. Spokesman Douglas Liyanage said a team officials from seven ministries and government institutions was assessing damage to shops and factories. Information collectedReuter - 75 words
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Article80 1983-08-06 1 AUSTRALIAN Foreign Minister Bill Hayden said he is optimistic over the future of Hongkong after final talks with Chinese Foreign Minister Wu Xueqian, but no major decisions on the Cambodian issue have been taken during his trip to China. A spokesman for Mr Hayden said he was very80 words
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Article62 1983-08-06 1 AFP CAMBODIAN Foreign Minister Hun Sen has categorically denied reports that Heng Samrin, president and top leader of the Phnom Penh regime, had been arrested or ousted. Mr Hun Sen said the report was "totally false" and aimed at "sowing confusion before the next United Nations general assembly"AFP - 62 words
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225 1983-08-06 1 the BMve to gtreteh the repayacat petit d far kmlag Isaas I» yean appears to be sjsiisdlai DBS Baak aad DBS PV that they will teaa rapsjfi term, wUeh *epreeeats a five-year extoatfea tram the extotlag year perls*. Meet si the225 words
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373 1983-08-06 1 NAJEEB JARHOM - By NAJEEB JARHOM BEARS raided the Singapore stock market yesterday, sending prices to a more than two-month low. The much-vaunted 925 support level on the Straits Times Industrial Index, tested twice in the past 10 days, was finally broken when the widely-followed market373 words
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Article135 1983-08-06 1 AP THE Soviet Union, a major supplier of oil, hat notified customers in southern Europe that its export price will be raised by 50 US cents to US$29 JO a barrel. The increase, effective Cram Aug 15, will be the second since May 1, when theAP - 135 words
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Page 1 Advertisements
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Advertisement287 1983-08-06 1 BOOKS i WRITE TO US! ..then write for us BUSINESS TIMES is growing fast and we now need extra staff bright, energetic people who can write well in English. A business background is not necessary, nor is a detailed C.V. at this stage. If you want to join a lively287 words
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Advertisement44 1983-08-06 1 Your Guide to tt* IfSSfl AEROFLOT \>t\ 10'f rirfiry Singapore Otitic Market Mrcri. BOM*I Sinsm Bu.ld.fJK Singapore 0104. lel <W>7| mes) K Kuala I umpur fcl 4Mn| AucMaml lei !V ,d r c i :t>}S2h >200* Manila Ic! xsgtn X6"<* \delaide f,.| *****44 2?3?X|744 words
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Advertisement0 1983-08-06 1 ^=?[}!,:`!]%;_=^\>&'@-/!_!;}:=-0 words
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Advertisement157 1983-08-06 1 The Singapore s Straits Business Times World DIRECTORY at your Qf Fingertips Singapore (Buku Merah) Wishful thinking? No! Wayfoong thinking For most of us, the buying of a new car is one of the largest purchases we'll make in our lifetimes. Almost everybody needs help in a loan to make157 words
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BANKING AND FINANCE
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386 1983-08-06 2 UPI US HOUSE and Senate passage does not guarantee enactment of new credit guarantees to the International Monetary Fund if banking lobbyists succeed in diluting severe restrictions on foreign lending, legislators said. The narrow 217-211 majority passage of the IMF measure in theUPI - 386 words
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Article112 1983-08-06 2 Reuter MITSUBISHI Bank said it will launch a new high interest time deposit account on Aug 15 which combines the existing three-year time deposit with 10-year national bond holdings. Mitsubishi is the first Japanese City bank to inaugurate such an account. The minimum deposit in theReuter - 112 words
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291 1983-08-06 2 Reuter THE CUMULATIVE bad debt provisions of Barclays Bank PLC rose to £889 million at the end of June this year from £749 million at the end of last year, Barclays group chief accountant David Gar lick said. On Thursday MrReuter - 291 words
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214 1983-08-06 2 Beater THE HONGKONG geverameat has paMfched la Ms sffldai gasette yipml •■•■iaeito I* lis srdl■MM MTMtac the rales aader which basks and itftth taklag eempaales (ETC) eperate. A |> vet nwst spekesmaa yesterday mid the ameadBMate wwld prsdace sa lmpraved aad semewhat teagher rmilitwy eavlrsaBeater - 214 words
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288 1983-08-06 2 Reuter AP THE REAGAN administration continues to believe any rise in US interest rates will be for a short term. Deputy Press Secretary Larry Speakes said, "We are always concerned when interest rates go up. We think they will be* short term."Reuter; AP - 288 words
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Article127 1983-08-06 2 Reuter BANCTEXAS Group Inc yesterday raised its prime rate to 11 per cent from IOVi per cent. The bank holding company has assets of USE billion and 14 member banks in the Dallas, Houston and Tyler, Texas markets. Banctexas is the first US bank to move toReuter - 127 words
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251 1983-08-06 2 UPI PRESSURES are growing in Brazil to negotiate a moratorium on its US$9O billion foreign debt rather than agree still more recessionary economic policies with the IMF. Government officials continue to reject this option and on Thursday held further talks with theUPI - 251 words
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Article200 1983-08-06 2 Reuter NIGERIA is still negotiating with the International Monetary Fund for a loan package to help it out of a severe recession caused by failing oil sales, Transport Minister Umaru Dikko said. Mr Dikko said earlier an agreement had been reached and the IMF had waived itsReuter - 200 words
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Article166 1983-08-06 2 THE NEW York agency of United Overseas Bank has become the first South-east Asian bank to Join CHIPS the international clearing bouse handling US$3OO billion payments daily. Operated by the New York Clearing House, CHIPS is a computerised funds transfer system dealing in Eurodollars, foreign166 words
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MONEY AND EXCHANGES
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Article342 1983-08-06 2 GOLD FUTURES in Singapore yesterday fluctuated marginally throughout the floe in quiet trading before closing steady to slightly lower than New York's level. Total sales for the day were recorded at 103 lots while kerb volume was 154 lots. Prompt closed little changed at USHIO.OO/410.50 an ounce compared with342 words
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Article32 1983-08-06 2 New York 11. MB 12.00B 12.01S 11.058 Zurich 11KB 11.TIB ***** 11.81S PH Ikn Singapore 11.SOB UMB 11.MS 12.MS Ooatagprk: to US dollars a troy ouao 1. Source: Credit, S'pore32 words
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Article72 1983-08-06 2 COVERING of short positions and heavy demand from continental European and West Asian operators sparked a renewed surge in the dollar in very active trading at the opening. Opening quotes yesterday: US -1.4757/77 Can -1.8305/30 Cross 1.2348 51 DMk- 3.9685/9735 DF1-4.4295/4365 S Ft 3.2050/85 B Fr coo 79.31/44 F72 words
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Article459 1983-08-06 2 THE US dollar continued to Arm against major currencies in fairly active trading yesterday. Market sentiments still favoured the greenback, which meant that the other currencies, particularly the pound, declined. Against the local dollar, the US unit opened at 512.14C/55, higher than Thursday's opening of 552.1395/05. It hit459 words
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Article73 1983-08-06 2 RESULTS of tender held yesterday for 91-day bills (to be issued on Aug 8 and from Aug 10 to Aug 12) and 182-day bills (to be issued on Aug 8): •1-day bMa m-day bWe Offered: Appii Iters Allelted: 190,000,000 120,000,000 1125,000,000 <53,000,000 990,000,000 00,000,000 AetqM Mds: *99.3673 words
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Article135 1983-08-06 2 THE dollar yesterday closed slightly firmer at 244.15 yen in moderate trading after touching a high of 244.75, and dealers said the Bank of Japan sold an estimated $100 million at various times during the day. The closing rate compared with the 244.00 opening, the 243.80/90 New York close,135 words
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Article22 1983-08-06 2 THE average rate at which major Singapore banks are currently prepared to lend to their beat customers is 9.08 per cent.22 words
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Article141 1983-08-06 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 5: US MterrtSMt) Offer SU 7 day* 10 6% 1 month 10* 10 2 month* 10 7/16 10 5/16 3 month! 1011/1610 6/16 6 months 111/16 101&/16 Smooths Hit 11 12 months UK 11* Dm BwJTr*. UlUk. 1141 words
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Article49 1983-08-06 2 RANGE at prt count houaea on Mi often Aug S: ed by dlsOvernight: S Call deports: J 1 CM* S-month B-rtaf Mlfa* Treasury bills 2 9/16 2 7/16 3-month Bank bills 7 13/16 711/16 3 months CD 7* 7* 6 months CD 7H 7* Source: National Discount Co49 words
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Article122 1983-08-06 2 THE US dollar yesterday firmed against other major currencies on expectation of higher US interest rates, and the absence of strong central bank intervention. However, the Hongkong dollar recovered from the early lows, ending at 7.45/47 to the US unit after fluctuating in a wide range of 7.41/ 43122 words
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Page 2 Advertisements
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Advertisement374 1983-08-06 2 OVER $100,000 WORTH OF PRIZES IN THE TIMES INTER- BUSINESS HOUSES ATHLETICS MEET '83 Saturday, October 8, 1983 National Stadium 6 p.m. f.-ii mmz Events: Men and Women 100 m, 200 m, 400 m, 800 m, 1,500 m, 3,000 m (Women only), 5,000 m (Men only), 4 x 100 m374 words
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TRADE AND INDUSTRY
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345 1983-08-06 3 THE Housing and Development Board (HDB) has revoked the licence of one of its contractors for throwing renovation debris down the rubbish chute of a block of flats. He was also barred from re-registering for two years with the board. An HDB spokesman said that345 words
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233 1983-08-06 3 A SAMPLE of gold, silver and other coins worth between $15,000 and $20,000 (were checked and verified yesterday by the Sixth Annual Assay Commission at the Singapore Mint. The coins, known as "Pyx" coins, were put aside from those produced at the mint233 words
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284 1983-08-06 3 JOINT consultation between labour and management is one of the pillars supporting good Industrial relations, said Minister without Portfolio, Mr Ong Teng Cheong, yesterday. Speaking at the opening of a seminar on "higher productivity through consultation," he added that sneh consultation primarily seeks284 words
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603 1983-08-06 3 JOHN LIM - By JOHN LIM A MYSTERIOUS veil has been thrown over the authorship of a United Workers of Petroleum Industry (UWPI) letter seeking to expel members advocating the formation of house unions. It also called into question the intention of the authors) of the letter in603 words
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216 1983-08-06 3 THE FOUR main institutions of higher learning in Singapore will produce about 20,000 engineers and engineering diploma holders annually by 1990. The influence of these new graduates from the National University of Singapore, Nanyang Technological Institute, Singapore Polytechnic and Ngee Ann Polytechnic216 words
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Article134 1983-08-06 3 THE drop in the amount of air cargo handled by Singapore was persistent during the first five months of this year compared with the same perjod last year. During the January-to-May period, a total of 86,496 tonnes of cargo were carried compared with 103,755 tonnes134 words
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Article145 1983-08-06 3 ABOUT 700 shops In three shopping centres in the Coleman Street area stand to benefit from a network of underground pedestrian walkways that link them. The Excelsior Hotel and Shopping Centre, due to open early next year, will be linked to the Peninsula Hotel and145 words
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Article679 1983-08-06 3 SEMINARS AND COURSES Aug 22-23: Successful Sales Techniques, Orchard Hotel, Consult Management Services Pte Ltd Aug 22-26: QCC Facilitator Workshop, RELC International House, Singapore Association of Shipbuilders and Repairers Aug 24-26: Account Development Strategies Xerox Learning Systems, Century Park Sheraton, Professional Learning Systems Pte Ltd Aug 24-Nov 26:679 words
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Page 3 Advertisements
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Advertisement41 1983-08-06 3 Editorial...Page C TO THOSE IN THE KNOW, THERE'S ONLY ONE RESTAURANT IN TOWN. po SINOAP SINGAPORE B B B B B There's only one Number One. One San Marco. At The Marco Polo. Quite simply, nothing but the best of everything.41 words
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OVERSEAS
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295 1983-08-06 4 Reuter SECRETARY of State George Shultz said US forces would withdraw if a hostile situation arose during military manoeuvres with Honduran troops in Central America. "If a hostile situation develops for some reason or another, our forces will withdraw," Mr ShultzReuter - 295 words
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171 1983-08-06 4 Reuter THE Reagan Administration, concerned about the broadening conflict in Chad, has more than doubled US aid to help the government of President Hissene Habre fight off a Libyan-backed insurgency. US officials said an extra US$l5 million, on top of $10 millionReuter - 171 words
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244 1983-08-06 4 UPI THREE Japanese businessmen were indicted by a Federal Grand Jury in Seattle on Thursday on charges of trying to smuggle pirated video game components into the United States. The US Customs Service confiscated six suitcases from the three businessmen containing an estimatedUPI - 244 words
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Article749 1983-08-06 4 ARRIVALS Service Lbcal Operator Number Time From SIA SQ11 0010 LAX/TYO PAA PA5 0015 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CI331 0150 TPE MAS MH601 0620 KUL MAS MH671 0905 KUL MAS MH811 0910 PEN SIA SQ103 0945 KUL RBA BI42L 1000 BWN MAS MH603 1020749 words
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743 1983-08-06 4 NYT A CONFIDENTIAL memorandum circulating among Soviet officials argues that economic performance will improve only with a far-reach-ing overhaul of the economic system that reduces the powers of the bureaucracy and increases the scope for initiative at the level of individual factories and workers.NYT - 743 words
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525 1983-08-06 4 Reuter ITALY has its first Socialistled government, but the fragility of the new five-party coalition and the country's grave economic problems pose questions about the chances of it outliving its many predecessors. The law of averages seems set against new Socialist Prime MinisterReuter - 525 words
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403 1983-08-06 4 AP RESTRICTION on wine imports was proposed in a Bill written by two Californians and co-sponsored by 330 of the 435 members of the US House of Representatives. The Bill would give countries that ship wine to the US 180 days fromAP - 403 words
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128 1983-08-06 4 AP FRANCE'S balance of payments deficit narrowed sharply in the second quarter erf this year. Economics Minister Jacques Delors said on Thursday that on the basis of available data for April and estimates for May and June, the second-quarter deficit will not exceed fiveAP - 128 words
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254 1983-08-06 4 Reuter BRITAIN'S Labour Party, roundly beaten in recent elections, must break the back of the centrist alliance within a year or face further decline, a confidential Labour analysis said. The warning came in a report written by a top Labour PartyReuter - 254 words
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309 1983-08-06 4 Reuter INTERNATIONALHarvester Co, which will reopen talks later this month with creditors on the rescheduling of its US$3.5 billion debt, said it would reconsider a decision to restructure its financial affairs outside the federal bankruptcy code if its strategy for survival appearsReuter - 309 words
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Article1029 1983-08-06 4 VMMI KEPPEL WHARVES A1 Baseer Confidence Dan Yang Garden Venus Luke Lu Rajah Brooke Rlbuan J ay a Seng Hlng Cherry Orient Jenson Kim Soon LI Potsdam Rledersteln Straits Venture Tang Yin Toyofujl No 6 Turkmenlya PA8IR PANJANG Andromeda Concord Angel Hoe Alk Jangkar Mas Luculent New1,029 words
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379 1983-08-06 5 AP PRESIDENT Ronald Reagan has established an advisory committee to recommend ways of improving the US steel industry. Steel state congressmen hailed the move and said it will deal with unfair international trade practices. Reagan announced formation of the committee to members of theAP - 379 words
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149 1983-08-06 5 AFP THE United States has agreed to a request of Malaysia, Indonesia and Thailand that there should be predictability about release of tin from the US stockpile, Malaysian Foreign Minister Tan Sri Ghazali Shafie said. Mr Ghazali added that he had taken upAFP - 149 words
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306 1983-08-06 5 AP AMERICAN exports to China in June rebounded from a major slump in May, but the US suffered a U5533.6 million deficit in its China trade in the first half of this year. The US Embassy in Beijing reported thatAP - 306 words
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311 1983-08-06 5 NYT THE US Securities and Exchange Commission has imposed a temporary ban on the use of an accounting method that more than a dozen computer software companies, including some giants, have used to boost their earnings. The technique allows companies to count as anNYT - 311 words
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489 1983-08-06 5 Reuter THE European Economic Community wants to renew its bilateral textile agreement with Beijing before China Joins the Multi-Fibre Arrangement (MFA), trade sources said in Geneva. Beijing has been showing increased interest in Joining the MFA, which largely regulates the world trade inReuter - 489 words
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WORLD IN BRIEF
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Article493 1983-08-06 5 Agencies CONSTRUCTION of Indonesia's first automobile engine plant will start in November under a Joint venture involving the Mitsubishi Corporation and an Indonesian firm, PT Krama Yudha, a Mitsubishi official said. The plant is due to be completed and to start trial production in November 1984. TheAgencies - 493 words
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169 1983-08-06 5 UPI THE government of Sri Lanka hopes to see tourists flocking bade next week to the Indian Ocean nation, where two weeks of ethnic violence killed 276 people. "During the past and current week, the government suspended all tourist charters," State Ministry secretaryUPI - 169 words
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446 1983-08-06 5 UPI CAR OWNERS In the year 2000 will not be shopping lor new can they will 1M choose new parts for thiMr old models which should last nearly twice as long ss they do now. That is the predictionUPI - 446 words
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196 1983-08-06 5 UPI JAPAN has psaed West f Germany as the country that produces the ttost ears in tie world, W a survey of I*soo aeSMhtfce design engineer i. Released on Thursday, the study, which was performed by Design News Magazine, fotnd that designersUPI - 196 words
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Page 4 Advertisements
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Advertisement19 1983-08-06 4 Pan Am Daily To Hong Kong Cabin Class At Ordinary Airline Prices. Pan Am.You Can t Beat The Experience.19 words
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Page 5 Advertisements
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Advertisement433 1983-08-06 5 Peugeot has been making luxury cars since 1899. Although the first recorded race was won by a Peugeot in 1889, it was in the luxury car category that Peugeot first got off the mark. Since then, the hallmark of Peugeot cars have always been their toughness, reliability, comfort and extremely433 words
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Article529 1983-08-06 6 COURTESY AND consideration require thought and a willingness to take into account the feelings and convenience of others. Basically, it involves overcoming selfishness, an attitude that tends to grow naturally on anybody, human nature being what it is. This is an area where most Singaporeans are529 words
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Article1187 1983-08-06 6 ALJEAN HARMETZ - By ALJEAN HARMETZ NYT THE cozy relationship between Hollywood and video games has moved a step closer to marriage. Dragon's Lair, a coinoperated laser-disk video game with stereophonic sound and real animation, reached the American arcades two weeks ago and has become an instant sensation. "I'veNYT - 1,187 words
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Article, Illustration704 1983-08-06 6 TODD EASTHAM - By TODD EASTHAM UPI A BESTSELLER in Japan predicts a cataclysmic eruption before summer's end, but the birds are still singing on the slopes of Mt Fuji and residents and government forecasters alike have labelled the prediction pure fiction. Former governmentUPI - 704 words
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Page 6 Advertisements
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Advertisement331 1983-08-06 6 IC TIMES CONFERENCES Presents A TOP-LEVEL CONFERENCE ON MEASURING AND MINIMISING CORPORATE FOREIGN EXCHANGE EXPOSURE RISK IN MALAYSIA 7 K SEPTEMBER. V.m hi \LA LIMPIR. MALAYSIA CONFERENCE CHAIRMAN SPEAKERS SUBJECTS Y.M. I)r Raja l,ope hin Raja Shahrome, Senior General Manager, International Banking, I nited Malavan Hanking Corporation Berhad I NDKRSTANDING331 words
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Page 6 Miscellaneous
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Miscellaneous796 1983-08-06 6 T-VfSRWIIO SINGAPORE 5 12.40 PM Operant Mowed by Sesame Street: The characters of Sesame Street teach the letters "V" and "W" and the number "8". 1.40 Saturday Matinee To Find My Son 3.15 Sixth World Netbal Tournament 1953 Enfland vs Trinidad and Tobafo 4.25 Malay Movie Raden Mas(b/w): The Pengeran796 words
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1067 1983-08-06 7 JOHN LIM - By JOHN LIM THERE are more than 200 million people in the world walking around with the hepatitis B virus which can be transmitted to others through sex, kissing and shared items like toothbrushes and shavers. Mothers who are infected can also spread1,067 words
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Article, Illustration723 1983-08-06 7 PAUL RADFORD - Millions Nock to the famous tavern in the heart of Munich some in the serious pursuit of quaffing beer, others to imbibe something more intangible the atmosphere of a typical schwemme, or Bavarian beer-hall. The Hofbraeuhaus can seat up to 5,000 people at any one723 words
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Article, Illustration264 1983-08-06 7 INNOVATION is easily stifled by the harsh realities of life as one marketing manager found out when he tried to promote a consumer product. He decided to dress his promotors in kebayas to get across the message that the product is indigenous264 words
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Page 7 Advertisements
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Advertisement0 1983-08-06 7 ^]/=.@:*!_|{`}`*:>\^/\?~.:_{|%;0 words
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Advertisement422 1983-08-06 7 I A TIMEB INTER-BUBINEBB HOUSES ATHLETICS MEET tS Saturday, October 8,1989 National Stadium 6 p.m. For the Champion Business House A Nissan Cabstar plus The Times Organisation and Tan Chong Challenge Trophy 4 x 100 m Johnnie Walker Challenge Trophy And you need not be a champion to win prizee422 words
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Page 7 Miscellaneous
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Miscellaneous774 1983-08-06 7 TWO-IH-CRYPTIC PUZZLE 9 Soon many will be out jogging; not me (3,6) 10 Frightened if I deep I can get rolled <2,1. 5) 12 Have memorised, while saying you haven't (4) 13 Argue while making the bed and brewing the tea 14 There would be, 11 there were not a774 words
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Page 8 Advertisements
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Advertisement848 1983-08-06 8 Where to wine, dine and entertain AMEBKANB ■jl I 111 ;s with the American Express Card "if you don't already have the Card, call *****33 for an application form" 18 desserts for 18th National Day To celebrate the 18th National Day of Singapore. Luna Coffee House has a grand feast848 words
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Advertisement200 1983-08-06 8 an armies during 7pm daily) Business hours: 4.00pm to I.ooam on weekdays, up to 2.00 am on weekends. •Co^ju^ For information 6C reservations, please call *****22 «t 133/917 or direct line *****42 it) restaurant o^s Try our sumptuous delicacies from the Hunan Province. n rl. I J I orcma m200 words
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RAW MATERIALS
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Article1137 1983-08-06 9 COFFEE: Robusta cofloa futures yesterday held steady for moat of the morning and prices ended the session £3 a tonne higher to £5 lower than Thursday's cloae. Turnover totalled 1,463 lots which included 281 lots crossed. The lack of any significant movement in New York futures on Thursday1,137 words
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Article158 1983-08-06 9 CHINESE Prsdaee Exchuge, Stagapm, closing fricci per IH kg yesterday. Caeaaat «II: Bulk fob $136.00 sellers, old drum (In second hand drum) fob $148.00 sellers, new drum fob $152.00 sellers. Cspra: Mixed (loose) $80 buyers. Pepper: Muntok white pepper (ob Asta NLW $355.00 sellers, Sarawak white pepper faq158 words
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Article197 1983-08-06 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Crttaa yarn: China Blue Phoenix Xta 2,540 22a 3,400, 40s 3,490 (per bale of 400 lbs). Piece gMda: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly197 words
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Article335 1983-08-06 9 SINGAPORE: Yesterday's closing prices in S$ per kilo, ex-godown: THAI WHITE: 100 per cent first clan (Kangaroo) new crop 1.04, 100 per cent second class 0.76, 100 per cent third class 0.73, 25 per cent new crop 0 58. B-10 per cent no stock. THAI BROKEN: A-super 0.60, Special335 words
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Article273 1983-08-06 9 RUBBER PRICES in Singapore yesterday closed slightly lower in quiet afternoon trading and August One RSS buyers closed at 244.00 cents per kilo, down half a cent from Thursday. The morning session was easier on lack of buying support and lower sterling levels after a lower opening. Afternoon prices273 words
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Article327 1983-08-06 9 RAS price* In centa per kUo yeiterday Noon (P«r kilo) Buyers Sellers Int 1 RS.S prompt f o b M.00 242 00N Int 1 R.S.S. August 244.00 245 00 Int 1 R.S.S September MOO MJO Int 2 R Si 2MJ0 9UW uk coot mso ojw Int RSS 230.50327 words
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Article100 1983-08-06 9 NOON S8R and SMR pncM jnau *4*r KAa A«*i IK?* HI t Mlk) (F»rwu-4 Mth) SSR 10 (1MB Hhll 21*40 21R60N ***** 230 00N SSRSO (1-loa pailat) moo *****N 214 J0 216.S0N MRELB Amm Mt !■)>■■ b.r 8MRCV (1-loa pailM) mM 300 AO auo 301 SON SMK100 words
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Article294 1983-08-06 9 VERY quiet and thin conditions predominated as the market fluctuated narrowly within a two-cent range to finish slightly down overall, Hefliay, Catfar, Bath Cs said in its review of the Singapore and Malaysian rubber markets for the week ended Aug 4. Fresh features and fundamentals were lacking,294 words
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Article141 1983-08-06 9 MALAYSIAN crude palm oil prices yesterday fell from the day's highs following lower palm oil futures, to close slightly easier in moderate trading. In July, central fell MsB to MJWO a tonne but south rose Mss to M510G2.50 while in Sep, south eased M 52.50 to M 5967.50.141 words
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Article65 1983-08-06 9 SOYBEAN PRICES in Chicago on Thursday ended from Vi US-cent a bushel higher in November to 11 lower in thinly traded deferred August. November traded in a 15-cent range. Soyoil dosed higher while soymeal ended lower in active trade. Strong exporter buying, which could have been covering sales to65 words
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Article68 1983-08-06 9 SOFT WHEAT futures in Chicago on Thursday rlnsrri 3V« to V« US-cent a bushel lower in quiet activity. December traded in a five cent range. While small upcoming tenders lent underlying support, prices generally drifted as speculators took profits from recent gains and commission bouses bought. Corn futures ended68 words
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Article32 1983-08-06 9 Rubber: Aug 5 Singapore: August: 244.00 cents (down 0.60 cent) Malaysia: August: 266.75 cents (down 0.75 cent) Tin: M 530.41 per kilo (down 10.00 cents) 170 tonnes (up 44 tonnes)32 words
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Article42 1983-08-06 9 THE Straits tta prise to Peaaag yesterday fell 1« eeate to a Uto, wtthto the ITC lower range ef ma.ll to KQSJt The Barkers fall, despite Mgker everrigfct Lsadea adrteea, was tee to parted at tte Taraever rase Is 17142 words
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INTERNATIONAL STOCKS
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Article192 1983-08-06 9 AUG 04 rn GROUP B CORBKILLB Air-Liquid* 436 BAN n#mlj Carre four Plnanclere de LDnloa. Latane Moet-Heiinssaj Opfl-Parlbai 1130 07 -121 -U 26 OUKXlt C 8 T (Thomionmo 30 H 1230 131 JO 16 -2.7 Cla Francalae das Petroles Credit roncter De France 133 +u Penarrova 41 m unch192 words
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Article87 1983-08-06 9 AUG 04 Dm ♦A Hoachat 103.10B Aej-Talehinken bJw Com merchant Conu Oumml 70 00 150-30 -0J L» Hoaach Horten Karitadt 9010 103J0 313.00 -0-2 -3J 0 156 JO sr jo 170.00 100.00 0J -L» -0.6 -u KHD Linda Manneatnann Praumi ***** latimi 143J0 Ml M -IS 3.1 -lJ Daimler-Ben*87 words
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Article80 1983-08-06 9 AUO M rr* Or Bni Lamb 2330 10 Hobok MOO 46 FORWARD MARKET Petro ano 10 Ryl Dutch B00 +M Ml It Sklro 1700 Arbrt 1250 unch 25 8oc 0«n Bclf 1MB 25 AMur J10 Soflna MOD -10 Braacan MM •4 8olT*jr A U Cocfc SOU 158 -30 -180 words
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Article200 1983-08-06 9 AUG 04 Action* Sulaaea Aluaulaae Br. Prmnea 283 -> t» unch M Sandoc Rag. Sulaer Pc Sulaer Rag 3236 3D 1710 1M 4 10 Alimili Ref Brown Boven Br. Cite Oetg; Br. Cite Oelgj P C ate Oelgjr Reg Credit Sulaae Br Crtdlt Sulaac Reg Elektrowatt Br. Oeorge riachcr200 words
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Article106 1983-08-06 9 AUO 04 Lire Mediobanca M llano Am Ord ***** S00 ***** •100 Baitoal 217 JO Mondsdort priT 2796 9 Bel MOO -aoo MonUdlaon 208 -4.75 Central* Ord 2110 •m Olivetti Ord 3447 -M Cood Ac qua Roma 144.75 -136 Pirelli And C 3010 -00 Eridania 0300 ♦100 Pirelli Spa106 words
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Article224 1983-08-06 9 ADO 04 A MUM CI M unch Hud Bay Mln Imp OU IfLM IP ItH ft Alcan flit -M In I Pro* Ptpa ITH -H Alcorn* 36 -ft Int UU H Bank Mont Bank Not* Scotia B«U TW BP Can Lid Braaean a «h V* a* an -ft -H224 words
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Article278 1983-08-06 9 AUO M Rand INDUSTRIALS Trust Bk Un Steal Unlsec Wool worth 999 130 536 1190 I I 50 A Alpha Abercom AC And CI too as m JIM unci) -10 MININGS EST! unch Anglo* Anginal 2910 7190 10 90 Barlow* C O Smith liM 8MB -90 unch Bljrroon Burfels278 words
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Article172 1983-08-06 9 AUO 04 ABM Ahold Akao AMEV Pla *2.00 17SM MM IM unch ♦J ♦OS +u KM. KLM M»neba Nurttn National Nad Nadlloyd 2SM 1(1.70 07M MM 101M ♦ij 17 S3 13 ♦23 Amfu Amrobnk MM aaaa ♦1 Mmb MM 1MM IS u Oct OrtnWn MM ♦u Bay. S7M -0.1172 words
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Article1099 1983-08-06 9 NEW YORK WALL STREET stock prices were sharply lower on Thursday in active trading as investors concerns about rising interest rates intensified. The Dow Jones Industrial Average was down 14.73 to 1183.09. The Transportation Index was off 12.91 to 640.41 and Utilities were down about 1.64 to1,099 words
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Page 9 Advertisements
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Advertisement372 1983-08-06 9 of f )&eAAad (incorporated m Malaysia) ANNOUNCEMENT The Directors are pleased to announce the following unaudited results for the year ended 30th June, 1963. GROUP Turnover Profit before taxation and extraordinary item Taxation Profit after taxation but before extraordinary item Extraordinary item Profit after taxation and extraordinary item 338,640 344,962372 words
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2595 1983-08-06 10 BID and otter prices officially listed and buituf la and reported to the Stock Exchange o( Singapore yesterday with the number of shares traded shown in brackets In lots of 1,000 units unless Otherwise specified. All Times Settlement Contracts are quoted after2,595 words
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Article3466 1983-08-06 10 1983 Hi*h Low Company Last Sale orDlv Dlv C**r ura Net Yld P/E Vol Day (TOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 280 235 Acmt 354 148 Alcom 281 148 Allied Choc 300 154* B A T 2a* 410 358 Bate 120 82* Ben 40* 300 2293,466 words
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Article2076 1983-08-06 10 BID aad offer prices tteed mad frarlmi tn aad leyoiteO to dw Kuala Lumpur Slock yesterday with the number of ritarea traded Aon tn faractata ta lots of 1.000 uaita unWai odwl» ncifled. ——Hi (3MB) AIM (1) lit (1) IM (1) 1« (1) IM (T) IM (1)2,076 words
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Article627 1983-08-06 10 A SEVERE dfrtrrlaraltea la "ttaeat aa the Ueal ateek market yeaterday reaaltod la a wide apectram a( laaaea Badly hart ky maMteg keara were reeeat Malayalaa Mgkftten aaek aa Jehaa, Liea Bee, Baleigk aad SMI. Ia addMea7tadi£ Mai aad piaateflea kaaed btae-ekipe alaa hare the kraat627 words
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Article469 1983-08-06 10 THE Kuala Lumpur stock market registered its sharpest (all yesterday In almost a year. Reflecting this, the New Straits Times Industrial Index plunged 28.52 points to 1291.97 while the NST Finance Index tumbled 42.26 points to 2382.71. Right from early trading, strong selling pressure was469 words
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Article182 1983-08-06 10 Moaagen' price tor Aag C/Aag 8 SINGAPORE UNIT TRUST The Commerce 3J1 3.52 The Savings Fund IM 2.00 S par* Prog Fund l.M ijg S pore Sec. Fund 2.14 2 2»xd S pore Invest Fund 100 1.14 S pore Equity Fund 1.41 1J5 diamond mot stobe July DUroood182 words
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COMPANY NEWS
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Article70 1983-08-06 11 PHASER A Neave limited: AGM to be held at the OCBC Centre (19th Floor), Singapore 0104 on August 6 at 11 am. PAN-Eleetite Industries Limited: EGM to be held at Hong Leong Building, #4001, 16 Raffles Quay, Singapore 0104 on August 10 at 10 am. THE United Malacca70 words
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509 1983-08-06 11 KILLINGHALL Tin (Malaysia) Bhd does not expect profits in the second half of this year to improve if tin prices remain at current levels and export controls become more severe. This was pointed out by the company in its latest interim statement509 words
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Article139 1983-08-06 11 Reuter VOLKSWAGEN managing board chairman Carl Hahn has been quoted as saying he does not rule out the prospect of Joint small-car production with Chrysler in the US. Hahn told the business weekly Wirtschaftswocbe that Volkswagen had formed a special staff to bold talk» with Chrysler, America's thirdReuter - 139 words
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258 1983-08-06 11 TAHAP Holdings Sds BM, which Is ™»n-g a geaeral hid fsr Kaala Lempar expaad aad'dtoratfy spurstteaa, partlealariy la fliurf nid property devel* IfOMt This was dMsaed la Tahap's formal affer d«earnest, which was Issaad Is KLI sharehaHers m Us hehalf by Asiaa lateraatt—al la the258 words
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120 1983-08-06 11 Reuter HONEYWELL Inc plans to acquire an interest in Swedish telecommunications multinational LM Ericsson's advanced digital telephone exchange technology and buy the American version of its switch for resale in the US. Ericsson and Honeywell plan to form a Jointly-owned research and development company toReuter - 120 words
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619 1983-08-06 11 DOW Finance Corp Ltd, the Hongkong-based deposit-taking company in which MBF Holding* will be taking up a 43 per cent stake, currently does very little lending to Malaysia but hopes to do more in the future. According to its managing director, Mr Eugene619 words
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International ROUNDUP
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Article145 1983-08-06 11 remains confident that pre-tax profits will Increase to more than £100 million in the current year ending next Sep 30 from around £75 million in the previous year. The group was commenting on its results for the six months to March 31, 1983 which showed pre-tax profits of £43.4145 words
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Article88 1983-08-06 11 re- sults in Hongkong for the first five months of the financial year ending Jan 31 1984 showed a profit after Interest charges, chairman Marcus Margulies told the annual meeting. Internal budgets for the UK business indicate profit above last year's levels. A company spokesman said the88 words
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Article182 1983-08-06 11 US suostcuary, liiaxo inc. is likely to begin to market its Zlnacef injectable antibiotic, a "second generation" penicillin-type drug, in the US toward the end of October. A "third generation" antibiotic, Ceftazitime, should also be on sale in Europe by the end of 1963, he said. Glaxo182 words
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158 1983-08-06 11 lae said de- c lines in investment income and underwriting profits were responsible (or the drop in second quarter and six-month earnings. Earlier, the company reported net income of U516.9 million, down from 112.5 million a year ago. The 1983 quarter included a credit of158 words
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Article111 1983-08-06 11 Reuter is seek- ing to be dismissed from the US$160 million action being brought against its US unit McDooough Co by Kaiser Cement Corporation and is considering lodging a counter-claim against Kaiser, a statement said. It said Hanson is satisfied that there will be no net liabilityReuter - 111 words
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408 1983-08-06 11 FT FOR the first time in more than a year, the Hongkong stock exchanges are witnessing the flotations of new companies. Significantly all of them reflect revived interest in the manufacturing sector, eclipsed for many reasons by the rise and fall of the propertyFT - 408 words
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Article404 1983-08-06 11 Date La •trail Year Off rCVMi Aa——eei Net EPS Qrs— Net laet jmt Dhr. Praflt <rm> Glenealy F 15/7 11.3 8.8 4131 Fed Cablet I 18/7 20.1 5.0 5186* Intl Trust I 18/7 Rl 10.0 2136 Kuchai I a n 8.1 ».o 212 OUB I an 26.3(a) 14.3(a)404 words
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ASIAN STOCKS
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Article392 1983-08-06 11 HONGKONG PRICES yesterday ended steady in moderately active business, and the Hang Seng Index was 5.27 points higher at 1,028.25. The market was steadier following sharp losses on Thursday, resulting mainly from disappointment over the latest Sino-British talks on Hongkong. Leaders ended narrowly mixed with Cheung Kong392 words
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Article378 1983-08-06 11 SHARE prices yesterday fell sharply on investors' growing concern about rising US interest rates, the yen's fall to a 1963 low and the sharp drop on Wall Street on Thursday. The market average lost a provisional 91.95 to close at 8,946.66. The Tokyo Stock Exchange Index378 words
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Article119 1983-08-06 11 SHARE prices yesterday closed mixed on a turnover of 3.31 million pesos, up from 1.33 million on Thursday. AUO 06 Aeo!• Mlnln« Anglo Phil Apex Mining B AttaJ Con a Bagulo OoM Bute Petroleum Benfuet Con. B CDCr PtrM Phil Hldfx Lepanto B Peaoe Z 0.014 MJ0 0.0094 aooa119 words
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Article202 1983-08-06 11 SHARE prices yesterday closed mostly lower in slow trading at the Securities Exchange of Thailand. The Book Club Index dropped 0.25 point to 132.04 on a turnover of 31.8 million baht with over 330,000 shares traded. Jalaprathan Cement and Siam Cement lost two baht each to 193 and 403202 words
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Article421 1983-08-06 11 AUSTRALIAN share markets yesterday closed mixed but with a weaker bias in further heavy trading following heavy profittaking among leading resource shares after the sharp downturn on Wall Street overnight. Near the close the AllOrdinaries Index was down 5.3 points at 680.9, with the All-Resources Index off 10.4 at421 words
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Page 11 Advertisements
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Advertisement291 1983-08-06 11 THE INSURANCE CORPORATION OF SINGAPORE UMTTED (Incorporated in th« Republic of Singapore) A SuDsidiary of The Development Bank of Singapore Limited 1. Results for the six months ended 30 June 1983 The Board of Directors of The Insurance Corporation of Singapore Limited is pleased to announce that the unaudited results291 words
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Chief Price Changes
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Article167 1983-08-06 12 Rises Indices C Sigut 1530 70 Aug 4 Skaac ri-La 400 6 Aug 5 8 NP L 444 990 380 346 +3 +3 3 1 BT Composite: 900.91 883.95 Saalion U O I BAT BT Indicator: *****38 *****21 ST Industrials: 938.60 923.77 Falls ST Finance: 2590.43 2549.82 ST Hotels:167 words
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Article, Illustration174 1983-08-06 12 Rises Indices Kucha! 730 Falls +40 MBT Indicator: Aug 4 *****83 Aug 5 *****1 Johan 690 -140 NST Industrials: 1320.49 1291.97 Lien Hoe 725 -90 NST Finance: 2424.97 2382.71 P Chem 1300 -80 NST Hotels: <54.05 653.18 Lion Corp 606 -50 NST Properties: 1008.45 982.14 Jacks Int 670174 words
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Article53 1983-08-06 12 H.K.HANG SENG Thursday 68® J Week Ago 833.0 Friday 10I8J5 Thursday 1022.88 Week Ago 1077JO AUSTRALIAN INDUSTRIALS Friday 838J Thursday 884.9 Week Ago 780.0 FINANCIAL TIME8 INDUSTRIALS Thursday 723.8 Wednesday 728.8 Week Ago 888 2 DOW JONES AVERAGE INDUSTRIALS Thursday *****0 Wednesday— 1197.82 Week Ago 1204 33 ALL53 words
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Article, Illustration771 1983-08-06 12 ALAN LEE - mm 11 Companies Editor: Mano Sabnani By ALAN LEE STRAITS Steamship Co's traditional shipping business, hard hit by the biting recession, has forced the company into the red for the first six months of this year. The situation was compounded by increased interest771 words
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319 1983-08-06 12 ROTHMANS of Pall Mall (Malaysia) Bhd has reported significantly lower earnings for the year ended June 30, 1983, although sales were maintained. Unaudited figures Just released showed group pretax profits falling 19.6 per cent to M 532.87 million from $40.88 million in the preceding year.319 words
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Article241 1983-08-06 12 BOU8TEAD IliWnn has informed the Kuala Lumpur Stock Exchange that its proposed acquisition of shares in UAC BM is not subject to the approval of shareholders. The terms and price of UAC in respect of the intended increase in Boustead's stake in UAC to 20 per cent may241 words
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Article37 1983-08-06 12 ALUMINIUM Cmaf—y tt MmMywU ku umtmmtti a lewer pre-tax profit ti MH1MM hrthcrii mwttM enM Jim M, IKS <$L« mllltea pnrtmtjr). higher at W mWm (ftU maam). Am Interim ilvlM ef M per eeat 1m tax37 words
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265 1983-08-06 12 SIM LIM Investments Ltd has reported a 19 per cent increase in pre-tax profits to $3.3 million for the year eneded March 31, 1863. Profit after taxation and minority interest totalled $1.33 million for the year, giving earnings per share of 4.4 cents.265 words
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Article125 1983-08-06 12 AP STOCKS opened mixed yesterday following a volatile session on Thursday. Severer retail, oil and drug issues jumped out ahead, while steel and mining stocks fell. The Dow Jones average of 30 industrials, off nearly 15 points on Thursday, recovered 1.91 points to 1,185.00 after the firstAP - 125 words
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445 1983-08-06 12 NAJEEB JARHOM - By NAJEEB JARHOM AMBASSADOR Hotel Lid, the minority partner to Pan-Electric Industries in their Joint takeover of Orchard Hotel (S) Pte Ltd, is expecting lower group pretax profits of $373,800 this year compared with 1691,6» in 1982. In a circular to shareholders on its proposed445 words
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Article824 1983-08-06 12 SHARE prices finished easier yesterday but were above the lows. At 3pm, the Financial Times index was down 2.0 points at 721.6 after a (all at 7.6 at 10am. Prices were marked down at the outset reflecting concern over the direction of US interest rates but a technical824 words
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Page 12 Advertisements
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Advertisement434 1983-08-06 12 fltttci (MALAYSIA) BERHAD INTERIM REPORT The Directors of Bete (Malaysia) Berhad have pleasure in announcing the unaudited results of the Company's operations for the six month period ended 30th June, 1983 with comparative figures as foHows:Seies: OOCTs OOPs 000*8 Domestic 39,750 41,299 83,217 E*POrt 2.587 3,580 5,836 Total 42,317 44,879434 words
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Advertisement187 1983-08-06 12 Keppel Shipyard limited (Incotporated in the Republic of Singapore) INTERIM RESULTS 1983 The Board of Directors wishes to announce the unaudited results of the Company and the Group for the first six-month period ended June 30.1983. COMPANY GROUP The very depressed shipping market in the first half of 1983 affected187 words
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Page 12 Miscellaneous
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Miscellaneous53 1983-08-06 12 OUTLOOK for today: Cloudy; scattered showers. Report fir 24 bran pri«r to 7J pm en Aug 5 at the atrpwt; Maximum temperature 31.7 Associated humidity 70 Minimum temperature 24.6 Associated humidity 92 Hours pf sunshine 8.75 Rainfall in millimetres 18.7 Total rainfall fen: the month 31.6 Total rainy days for53 words
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