The Business Times, 8 December 1984
1984-12-08
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The Business Times
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Title Section11 1984-12-08 1 BUSINESS TIMES M.C. (P) No. 66/1/84 SATURDAY, DECEMBER 8,1184 60 CENTS11 words
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Article354 1984-12-08 1 SINGAPORE AIRLINES' plan to fly to China will move a step closer to realisation when an SIA team leaves for Beijing this month for talks. BT learnt yesterday that SIA is thinking of flights to Beijing, Shanghai and, perhaps, Guangzhou next year. It is354 words
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603 1984-12-08 1 LISA LEE - Many will replace units in older estates By LISA LEE THE HOUSING and Development Board will build one million flats in the next 50 years. In the more immediate future, contractors can expect at least $5.4 billion worth of work from603 words
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Article, Illustration456 1984-12-08 1 JAIME LYE - By JAIME LYE A LOT OF countries are still up in the air when it comes to following Singapore's "open skies" policy, and this is a problem which needs to be resolved. This is especially important since open competition has contributed so much456 words
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Article, Illustration494 1984-12-08 1 FOO CHOY PENG - By FOO CHOY PENG ASEAN countries will reach a dead end in economic cooperation if they do not rethink the approach in this field, Foreign Minister S Dhanabalan said. "The debate over Asean economic cooperation has often been dominated not so much by the494 words
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Article, Illustration51 1984-12-08 1 THE Mngaperr stock market elisti mixed yesterday after italw reported that market seattmeats have improved greatly and that the market hi a ei—lHstlis phase kef are meving npwards. The BT Cempsstte Index gained 2.1« points at 72SJ* while the Straits Tines Industrial Index meved Ml paints higher to51 words
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471 1984-12-08 1 JOANNE YAP - By JOANNE YAP NEC CORPORATION, the first Japanese computer company to invest in the local software industry, will set up a $30 million software development centre here. This vote of confidence from NEC is of great significance to Singapore's software industry,471 words
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165 1984-12-08 1 Reuter MALAYSIA'S central bank. Bank Negara, has directed commercial banks to give more loans to clients for investment in shares in the local stock market, banking sources said. The sources said the directive, which did not indicate how much should be lent,Reuter - 165 words
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Page 1 Advertisements
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Advertisement28 1984-12-08 1 MEDIC ASU' 35 Sponsor: SINGAPORE MEDICAL ASSOCIATION In conjunction with the Silver Jubilee National Medical Convention. Organiser: ©INTERFAMA PTE LTD Tel: *****12 A WHOLE WORLD OF OPPORTUNITIES •> w28 words
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Advertisement282 1984-12-08 1 OAA aafaty award for BIA craw, Back Paga SHARE INFORMATION 10 RAW MATERIALS 5 AIRCRAFT 4 MONEY EXCHANGES 3 SHIPS IN K>RT 7 DOONESBURY 7 BE NICE to tourists this is the key to attracting more visitors to Singapore, not just the bricks and mortar which make up tourist attractions,282 words
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Advertisement10 1984-12-08 1 Full report, Pw 10 Asian stocks, Pag* International stocks, Paga10 words
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Advertisement165 1984-12-08 1 t i S.E Asia's 4th Int'l Medical. Hospital Dental Equipment Technology Exhibition Conference 18th 21st April 1985 Dynasty/Hyatt Hotels Singapore Organiser: ©INTERFAMA PTE LTD Tel: *****12 ■p When business or pleasure takes you travelling, your CLARK HATCH membership entitles you to full use of any of the 10 CLARK HATCH165 words
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HOME NEWS
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Article, Illustration348 1984-12-08 2 JAIME LYE - By JAIME LYE BE NICE TO TOURISTS this is the key to attracting more visitors to Singapore, not just the bricks and mortar which make up tourist attractions. Dr Wong Kwei Cheong, Minister of State (Trade and Industry), in emphasising the commitment of the348 words
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284 1984-12-08 2 ELECTRONICS companies produced $6.7 billion worth of products last year, or $2,680 for every Singaporean. Yet, while Singaporeans live in a world surrounded by electronics, few have seen, touched or operated the many devices and understood the impact of the industry on everyday life. However,284 words
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133 1984-12-08 2 THE LOCAL branch of Hongkong Bank will lower its prime lending rate by one-quarter point to 9'/2 per cent on Monday. It will also lower its fixed deposit rates. The savings rate will be trimmed by half-point to 6'/ 4 per cent. Its133 words
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Article266 1984-12-08 2 THE LOCAL PACKAGING industry is heading for a period of consolidation, according to the chairman of the packaging council of the Singapore Manufacturers' Association. Mr Eddie Chng pointed out that the consolidation was a result of Singapore restructuring its manufacturing strategy from import-substitution products to266 words
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Article, Illustration119 1984-12-08 2 MORE PEOPLE were paid their wages through banks in October than at the beginning of the year. But Singapore still trails a number of advanced countries in terms of the proportion of the workforce receiving salaries through banks. In October, 498,257 people wereSource: The Mirror - 119 words
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319 1984-12-08 2 THERE ARE three areas in energy and environmental control in which Singapore and Sweden can cooperate, Mrs Birgitta Dahl, Sweden's Energy Minister, said yesterday. One is in the field of energy conservation and efficiency, especially in industrial processing. Another is in the area319 words
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237 1984-12-08 2 THE SINGAPORE Armed Forces has the numbers and the hardware to protect the people's vital interests. But many Singaporeans are too complacent about the threat to their vital interests from external aggression. This point was highlighted by Defence Minister Mr237 words
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158 1984-12-08 2 PRINTING and production employees of Times Organisation have signed a new wage agreement. The 1984 collective agreement, signed between the Times Organisation and the Singapore Printing Employees Union at the Oberoi Imperial Hotel yesterday, will mean higher salaries and better benefits for more158 words
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Article, Illustration501 1984-12-08 2 ANNA TEO - By ANNA TEO SINGAPORE is not likely to be invaded by AIDS (acquired immune deficiency syndrome) and the chances of keeping the disease at bay are good, a doctor said yesterday. Dr K V Rat nam, a dermatologist (skin specialist) at the Middle Road501 words
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400 1984-12-08 2 RESPONSE to the dry market facilities at Bukit Batok New Town has been "very good" with 1,148 tenders for the 16 units of lock-up shops, market produce shops and canteens. The Housing and Development Board is also offering a 339.5 sq400 words
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171 1984-12-08 2 TWO ORGANISATIONS are making donations totalling $310,115 to charity groups today. Hong Leong Foundation will be donating $250,000 to 50 organisations and welfare groups, including the Science Centre Board, the Home Nursing Foundation and the Singapore AntiNarcotics Association. Among the 50 receivers are 21 members of171 words
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Article, Illustration352 1984-12-08 2 YAP BOH HOON - By YAP BOH HOON THE REGISTRY of Vehicles has accepted independent findings that high speed driving and collision at a critical angle, and not faulty manufacturing, caused two cars to split last year. These findings by TUV Bayern, a German vehicle inspection body,352 words
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191 1984-12-08 2 THE TYPICAL SINGAPOREAN is an intelligent person who is "better educated than his father, more widely read and more discerning than before", said Mr Heng Chiang Meng, the People's Action Party candidate for Jalan Kayu. Addressing members of the Singapore Book Publishers Association191 words
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55 1984-12-08 2 KOH FOON CHOON, chairman of the Singapore Association of Shipbuilders and Repairers, yesterday encouraged a doubling of efforts at productivity improvement. Mr Koh, who is also the general manager of Management Services at Keppel Shipyard, was speaking at the prizegiving and closing ceremony of55 words
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Page 2 Advertisements
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Advertisement215 1984-12-08 2 MAKE YOUR CAREER IN RANKING The Kyowa Bank, Ltd., a leading Japanese city bank with branches, representative offices and banking subsidiaries in the world's major financial markets, opened its Singapore Branch this year, and expanding its business. It is now looking for suitable candidates to fill the following positions in215 words
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BANKING AND FINANCE
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126 1984-12-08 3 Reuter THE LONDON International Financial Futures Exchange (Liffe) expects to announce the introduction of option trading before the end of the year. Liffe chief executive Michael Jenkins said after a board meeting that plans are near completion. Some traders think options on short EurodollarReuter - 126 words
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284 1984-12-08 3 FT ANYONE who thinks America is heading for another recession could be making a serious mistake, says Manufacturers Hanover Trust, the fourth largest bank in the US, in its report "Financial Digest". The report, published in New York yesterday, acknowledges that recent business statisticsFT - 284 words
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Article62 1984-12-08 3 Reuter THE US money supply M-1 rose by US$2.2 billion to a seasonally adjusted $554.2 billion in the week ended Nov 26. The Federal Reserve Bank of New York said the previous week's M-1 level was revised to $552.0 billion from the $552.1 billion first reported. The four-weekReuter - 62 words
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MONEY AND EXCHANGES
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Article, Illustration905 1984-12-08 3 SINGAPORE: The US dollar extended its small early gains against most major currencies in quiet late trading yesterday. Some covering interest and commercial demand contributed to the dollar's strength. It rose to a late 3.0660/70 marks from an early 3.0645/55 and New York's 3 0610/40 close and to905 words
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Article49 1984-12-08 3 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Dec 10 to Dec 14. Offered: $220,000,000. Applied for: $272,000,000. Altettod: $220,000,000. AeeepM bids: $99.31 approximately 86 per cent; higher bids in full. Average rate sf dbewurt •a aUetmeat: 2.750 per cent per annum.49 words
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Article120 1984-12-08 3 THE OVERNIGHT rate remained unchanged from Thursday's close of 51/4 per cent on the Singapore interbank money market yesterday. The one-month rate was also unchanged. However, two and three-month rates rose by 1/16-point each. S$ interbonk rotes at 3pm yesterday Offer Bid Overnight 51/4 51/8 1-month 5 7/8120 words
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Article223 1984-12-08 3 YESTERDAY'S Asian dollar deposit rates closed firmer than Thursday's levels in light trading. Short-dates rose between 1/16 and 3/16 point initially on higher US federal funds rates and were then unchanged with weekend closing at 8-7/8 8-3/4 and week fixed at nine 8-7/8. Periods opened between 1/16223 words
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Article367 1984-12-08 3 DESPITE the lower closing in Chicago and firm EareMlar deposit rates, Euros futures moved unexpectedly higher yesterday from the opening. The March contract opened at 89.97, same as Chicago's close, and was quickly traded to 90.04 before additional buying pushed it to the day's high of 90.06. It closed367 words
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Article162 1984-12-08 3 HONGKONG The metal closed virtually unchanged in very quiet trading yesterday despite some buying interest emerging towards the close. It closed at U*****.50/90 an ounce compared with New York's $330.50/331.00 close and the $329.80/330.20 finish here on Thursday. Local gold finished HK$7 higher at $2,685 a tahil. The krugerrand162 words
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Page 3 Advertisements
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Advertisement93 1984-12-08 3 ..u\# J l* *V. n BPaw vyO /r* 'C 0 vv* *y j -..A H»4s 1 w k '(J o»% a *°v e v\ m •i., Vf ft V-/ BDN SI.MO \r Kr. Christmas Wishing m m -A" II Te t'aime would like to share the spirit of J Christinas93 words
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OVERSEAS
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790 1984-12-08 4 NYT, UPI THE HIJACKERS holding a jetliner at Tehran's Mehrabad airport are closely connected with the Iranian-backed Shiite terrorist group that is believed to have bombed the US embassy and the marine barracks in Lebanon last year. A senior State Department officialNYT,; UPI - 790 words
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398 1984-12-08 4 FT NEW ZEALAND'S Labour government has achieved something of a political success in its first big challenge. It has managed to hold down wage demands in the current round of talks with unions. The first three unions to settle after intense negotiations have acceptedFT - 398 words
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Article137 1984-12-08 4 Reuter FORMER New Zealand prime minister Sir Robert Muldoon was ordered out of parliament after calling a former All Blacks rugby player and Commonwealth official a traitor. Mr Muldoon told parliament that when Mr Chris Laidlaw was a Commonwealth Special Assistant, he gave information to Secretary-generalReuter - 137 words
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383 1984-12-08 4 AFP CRUDE OIL output by the Organisation of Petroleum Exporting Countries (Opec) overshot the new Opec production ceiling by 0.8 million barrels a day (mbd) in November, the International Energy Agency (lEA) estimated. While Opec leaders have blamed the current weakness of spotAFP - 383 words
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WORLD IN BRIEF
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Article40 1984-12-08 4 US DEFENCE Secretary Caspar Weinberger and Saudi Defence Minister Prince Sultan Ben Abdul Aziz held talks in Riyadh on Thursday. Official sources said the talks centred on military and technological matters aimed at strengthening Saudi Arabia's armed forces.40 words
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Article47 1984-12-08 4 RESCUERS toiled into the night on Thursday to reach 61 miners trapped deep in a gasfilled tunnel in Taiwan's latest mine disaster which had already claimed 33 lives. The miners were believed to be trapped two kilometres from the Hsishan Yikeng coal mine's main entrance.47 words
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Article57 1984-12-08 4 ASEAN should establish its own news agency to increase the flow of information between its members, Indonesian Information Minister Harmoko said. The official Antara news agency quoted Mr Harmoko as saying news about the six Asean members was underused by the press in the region, which tended57 words
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Article57 1984-12-08 4 BRITAIN has announced that it would not sign the 1962 United Nations Law of the Sea Convention, but would not oppose signature by the European Community. The decision follows an identical stand taken by West Germany last month and clears the way for the Community to sign57 words
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Article68 1984-12-08 4 ISRAEL is considering the possible purchase of a nuclear power station from France. The issue is expected to be raised by Mr Shimon Peres, the Israeli Prime Minister, during his current official visit to Paris. The French nuclear power station group Framatone has said that it would be68 words
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Article41 1984-12-08 4 BRITISH National Oil Corp (BNOC) must modify its pricing formula to take greater account of the increasing importance of the spot market and thus not incur trading losses, chief executive lan Goskirk told the British Parliament's energy committee.41 words
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Article50 1984-12-08 4 THAI Foreign Minister Sithi Sawetasiia, in a letter to Laotan Deputy Foreign Minister Khamphay Boupha, has rejected a Laotian government proposal to hold a new round of talks over three disputed border hamlets. Mr Sithi said the atmosphere was not conducive for discussions, according to a ministry spokesman.50 words
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Article59 1984-12-08 4 Agencies LEADERS of Britain's Trades Union Congress have reaffirmed total support for the National Union of Mineworkers, miners' president Arthur Scargill is quoted as saying. The British News Agency Press Association reports him as saying that the TUC, in Thursday's meeting with the NUM, promised all possibleAgencies - 59 words
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318 1984-12-08 4 AP PRESIDENT Ronald Reagan, launching a fresh drive to slash US government spending, has indicated that he would accept a 10 per cent pay cut along with Republican Party Congressional leaders as a symbolic gesture aimed at making US$42 billion worth ofAP - 318 words
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177 1984-12-08 4 AP PRODUCTION OF industrial robots jumped sharply in the US this year and the future appears rosy. Japan continues to maintain a wide lead in using robots in business, but the US is making progress and has better technology, said Mr Walter Weisel,AP - 177 words
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292 1984-12-08 4 Reuter, AFP THE CHAIRMAN of the US multinational Union Carbide company, Mr Warren Anderson, was arrested when he landed at the city airport in Bhopal yesterday. A government spokesman said two top officials of Union Carbide's subsidiary which ran the plant in Bhopal,Reuter,; AFP - 292 words
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Article88 1984-12-08 4 Reuter TWO MEN died after a gas leak yesterday at a steelworks near the industrial city of Newcastle. A spokesman for Broken Hill Proprietary, Australia's largest company, said the leak occurred when a gas flow was being transferred from one section of a coke oven toReuter - 88 words
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Article241 1984-12-08 4 AFP THERE WILL be reprisals by the Kanak Independence movement (FNLKS) following the deaths of 12 members in New Caledonia in the past 24 hours, according to a representative of the movement at present in Sydney. Hnalaine Uregei said yesterday there would be a "huntAFP - 241 words
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495 1984-12-08 4 US TRADE Representative Bill Brock said the member-coun-tries of the General Agreement on Trade and Tariffs (Gatt) made a major breakthrough when they agreed to include trade in services within the Gatt framework. "There was a breakthrough last week when Gatt accepted as495 words
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Article782 1984-12-08 4 ARRIVALS Operator Service number Local time From SIA SQ11 OHO LAX/TYO PAA PA5 0155 JFK/SFO/HKG CAL CI333 0250 TPE RA RA408 0730 BKK/KTM MAS MH68I 0820 KUL CV CV796 0845 LUX/AUH KAL KE624 0850 KUL MAS MH603 0905 KUL SV SV378 0920 JED/RUH MAS MH671 0935 KUL782 words
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Page 4 Advertisements
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Advertisement12 1984-12-08 4 ȴW /W First In Space. F irst In Luxury. First In Comfort12 words
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BACKGROUND
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Article, Illustration386 1984-12-08 5 HE WAS the original Abalone King, but Mr Ng Choon Ser, 70, travelled in trishaws, wore singlets and slippers an unlikely person to have cost Singapore banks $80 million. The man in the centre of the storm now hitting the local banking community has been386 words
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Article, Illustration1102 1984-12-08 5 AMY BALAN, ALVIN TAY,PENG AILIAN - After the shock, bankers weigh the consequences By AMY BALAN, ALVIN TAY,PENG AILIAN THE SHOCK that greeted the news that Chop Hoo Thye, one of Singapore's most reputable wholesalers, has left prominent members of Singapore's financial community with a huge debt of $80 million, is fading.1,102 words
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RAW MATERIALS
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Article136 1984-12-08 5 Chineee Produce Exchange tSiNcrs' room ctosino pricoi on Doc 7.SV100 kg) Robusta 20/25% FOB NSW Nutmeg 110 FOB NSW B W FOB NSW 492.50 438.00 281.00 Coconut oil Gombier BufcFOB Otd drum FOB New drum FOB Copra Mixed Doom) Pepper Mint ok white FOB NLW Sarawak white FOB136 words
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Article279 1984-12-08 5 Singapore A-1 special C-l special C-1 Ordinary Loonzoin 100% 187 (SIAito, ex-godown) Thoi white unq unq 100% 1st doss first grade (kangaroo) 100% second grade 230 n«w crop 0.96 100% third grade unq 100% 2nd doss 100% 3rd doss 0.70 0.70 Parboiled 5% 10% 227 222 25% new crop279 words
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Article206 1984-12-08 5 SINGAPORE The market closed lower yesterday with December One RSS buyers quoted at 171.50 cents per leg, down 1.50 cents from Thursday. The morning session lost 1.50 cents on some selling in quiet trading. Prices hovered narrowly around lunch-time levels in very quiet trading due to lack of interest.206 words
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Article132 1984-12-08 5 MALAYSIAN crude palm oil prices closed slightly firmer yesterday in quiet trading on light covering interest, with a higher Chicago soycomplex close supporting levels. December deliveries in the south and central regions rose Mslo while north closed unchanged, all at $1,200 per tonne. The refined market continued quietly132 words
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Article121 1984-12-08 5 SOYBEAN futures on the Chicago Board of Trade closed on or near the highs on Thursday, ranging from five to 2'/« US cents per bushel higher in old crop to off one cent in new crop January. Nearby January rebounded from a new low for the move to post121 words
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Article92 1984-12-08 5 THE Knla Lampir Tla Market price held at the lateraatfeaal Tie Agreement f leer-price ef Ms2t.ls per kg yesterday, ea eeatiaaed baffer stack maaager activity, la the shseaee ef ether iaterests. Velame ef eeaeeatrates «applied ameaated ta 191 tenet eempared with 188 teaaes ea Tharaday aad ae ratfeaiag92 words
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Article153 1984-12-08 5 Yarn (I* HK$ por hole of 400 China carded yarn, cones Blue Phoenix 16'* 3,100 Bkie Phoenix 20** 3,200 Bkte Phoenix 32'* 3,780 Bkie Phoenix 4C* 3,950 Girded yarn, honk Bkje Phoenix 21'* 3,450 Combed yarn, cones Bkje Phoenix 32'* 4,750 Bkie Phoenix 40's 4,900 Open-end yam Ouc Phoenix153 words
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Article311 1984-12-08 5 RAS prices (in S cants/kilo, FOt m b ■lot) NOON CLOSE Silm kr«n jfnen Irrt 1 RSS Prompt 170 50 171.50 170.25 17I.25N Irrt 1 RSS D«c 84 171.50 172.00 171.50 172 00 lot 1 RSS Jan 85 175 25 175 75 175 00 ***** Int 2311 words
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Article101 1984-12-08 5 (cwiti/kg, l-to« December 84 January 85 (current mth) (forword mth) NOON NOON RAS Buyvn Siim Byy#fs SSR20 168 50 170.50N 170 50 172.50N SSR 50 166 50 168 SON 168 50 170.50N MRELB Bwy*n C M luytfi 5>Hti SMRCV 196 50 198 SON 198 50 200 SON101 words
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Article134 1984-12-08 5 WHEAT futures on the Chicago Board of Trade closed V* cent to 1V« US cents per bushel lower in moderately light trade on Thursday, with March posting a five-cent range on the day. Steady selling in March by Cargill Grain and Frazier Parrott, with Continental also selling May, kept134 words
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Article881 1984-12-08 5 COFFEE Robusta futures ended a subdued morning yesterday with losses from the previous close of £16 to £3. January finished at £2,274, down £16, with its premium to March narrowing to £42 from £50 at the close on Thursday. March was down £5 at £2^32. Turnover totalled 1,014881 words
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TIME-OFF
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Article501 1984-12-08 6 ALONG THE ROAD to riches, there are petrol stations, fast food outlets, banks and department stores. Travellers are being tempted to stop by these places. After they have filled their petrol tanks, stomachs and bank accounts, and emptied their wallets on shopping, they might501 words
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Article, Illustration615 1984-12-08 6 MONICA GWEE - By MONICA GWEE HENRY RACAMIER used to import and export specialty steels around the world. But when he married in 1970, he was introduced to long-fibre Egyptian cotton stretched into canvas, cowhide leather and trunks big enough in which to cram a body. It was615 words
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669 1984-12-08 6 NYT. WHEN CHRYSLER revived the convertible after a six-year absence in 1962, the car was regarded by many in the car industry as little more than a novelty, an attention-getting attempt by a failing company. After all, the doubters said, air-conditioningNYT. - 669 words
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Article176 1984-12-08 6 FESTIVE specials being offered by a certain "team of highly efficient and skilful painters" sound too good to refuse. A letter from the team, signed Lion, tells potential customers that it is offering its services at special reduced rates, "garanteed to be less than the market176 words
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Article312 1984-12-08 6 CONCERTS SSO Concert: The Year of Czech Music Soloist Pavel Prantl. Mr Prantl is the leader of the SSO and its progress, especially in the string section has been laraely attributed to him. As a native Czech, he has been invited to participate in the Year of the312 words
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Page 6 Miscellaneous
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Miscellaneous779 1984-12-08 6 a a CRYPTIC PUZZLE ACROSS 9 Dry up and th« best line in it is spoiled (2, 6) 10 A stop off to get something from the zoon (3) 11 Somebody hos got through child (6) 12 A supporter that proves to be good, in the long run(6) 13 Working779 words
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Miscellaneous1166 1984-12-08 6 to m mm C CHAMNII 5 1 12.25 PM SBC Tcit "Li»e" Swoe Pi(« 19 CC fWi mti. uul R .mil 1 u it.33 uperwig ana programme rigTMgms followed by Sesame Street: Learn the letters "C" and "S" and the number "4" 2.00 Smurfs (r) 2.30 Saturday Matinee That Fumy1,166 words
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SPORTS
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290 1984-12-08 7 Weekend golf IN THE FESTIVE month of December, this weekend's golf calender reflects the inertia that holidays normally produce. Only two monthly medal competitions are scheduled for this weekend while at four other clubs, there are no competitions scheduled.290 words
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Article777 1984-12-08 7 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO •Ship Voy Arrival Operator Gdna FCL Location Takari H 2296 8.12.84 2100 Cahaya TA 3 0700-0900 F3 WiHin Tokyo 554 8.12.84 2300 B Wilhelm FSB 0900-1100 U2 B Dahlia 216/84 9.12.84 0100 Leo Shpg FSB 1130-1300 SI Sophie Ricks777 words
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Article, Illustration694 1984-12-08 7 WALTON MORAIS - By WALTON MORAIS THEY'LL ALL be there tomorrow the curious, the flashily dressed, the fun-seekers. And then of course, there'll be the runners. In America, they have a name for marathon runners. They call them Legionnaires of the Damned. Well, tomorrow at 6.30 am,694 words
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Article, Illustration502 1984-12-08 7 BRIAN MILLER - By BRIAN MILLER ABOUT TWO and a half months ago, a strapping Australian gelding named Narth Melbaarae made his racing debut at Bukit Timah. Owned by a Singaporebased syndicate but trained at Kuala Lumpur by Vincent Chong, the three-year-old had come with a reputation of502 words
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Article, Illustration537 1984-12-08 7 TWO YEARS AGO, in only his second marathon race, he came out of nowhere to beat some better runners from the US, Canada, Sweden and UK and win the inaugural Singapore Marathon. Tomorrow, he finds himself in the same position again not one537 words
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Article112 1984-12-08 7 DEFENDING champion Mats Wilander crushed Johan Kriek 6-1, 6-0, 6-2 yesterday to advance to the finals of $1.28 million Australian Open Tennis Championships at Kooyong. The 20-year-old Swede took just 66 minutes to down the Florida-based, South Africanborn Kriek, the winner of the title in Kooyong112 words
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Page 7 Advertisements
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Advertisement40 1984-12-08 7 c,) > 't* STP Distributors Sdn Bhd v TimM Cantra, 1 Naw Industrial Road Singapora 1953 Atla% nn ca in 30 volumes, acclaimed as "The World's Most Comprehensive Encyclopaedia" by Guinness Book of Records I mmttbm oT Tha Dmct idling i40 words
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Page 7 Miscellaneous
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Miscellaneous158 1984-12-08 7 Doonesbury BY GARRY TRUDEAU HELLO. OUT THBtE! R5 THREE oklocx.anpwubustenmg TO'ALLTHNGS RECD&PERED!' j NP#9 NEW EARLY MORNIN6 HELL-RAISING CORNER r>] L COME ON, PEOPLE, 6tVBUSACALL! GET INVOUW IT \BEATSSTTW6UP HATCHING RERUNS I OF*MR.ED*! THTUUNSm SHEET PEA, DEEP THINK JUST PONT MAKE TTAT THISHOUR,f o. L t IH THE UEEKS AHEAD158 words
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INTERNATIONAL STOCKS
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277 1984-12-08 8 Reuter STANDARD A Poor's Corp has placed Union Carbide Corp on creditwatch as a result of the financial liability that could ensue from the leak of poison gas at its Bhopal, India, plant. The tragic aftermath has potentially negative implications for the company's ratings. WhileReuter - 277 words
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170 1984-12-08 8 NYT THE BATTLE for Phillips Petroleum, the ninth biggest US oil company, has moved into top gear. Phillips won a temporary restraining order blocking T Boone Pickens* tender offer for at least 15 million of Phillips' 153 million shares and Mr Pickens revealed plans to sackNYT - 170 words
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299 1984-12-08 8 Reuter STOCK PRICES on Wall Street closed mixed on Thursday in heavy trading as the market became mired in a holding pattern while investors awaited news about the size of the US money supply. The Dow Jones Industrial Average fell by 1.11 toReuter - 299 words
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Article96 1984-12-08 8 DEC 06 C$ 31 1* Imp 04 Inco 43* 13* 32* 34* 20* 24* 16* 12* 19* Mi Td 35* 3* BP Con Ltd 24* Mc Bkxiel 25* 29* unch 15* 28* 57* 48* 17* -vt 14* 4* Cmbl Rd Ik 26* 27 Cn Bltwt O A 15* 12*96 words
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Article129 1984-12-08 8 DCC 06 i>» st««i UTVMC WOUSTtlALS WooKtforth A Alpha MININGS Abertom A£ And O 2390 -10 7300 AMJC 1725 -50 7850 C G Smith 383 CNA 1100S 20 Cume Frtanc* 1500 -10 820 -5 5200 FiflVok E R Com 145 unch Fugrt 1750 25 565 -15 Knh 1110 -20129 words
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Article600 1984-12-08 8 DCC 06 US$ ACF Industrws Alcan Alum** Alcoa Al*gh«ny Lud Akod Cham Cp AKad Storn A*»-Chatm#n Am Brands tnc Am Broodcost Am Can Co Am Cyanamid Am Etoc Pw Am Express Am Horn# Prod Am Moton Cp Am Natural Gat Am Tal T«L Amox Inc Amaroda Hots AMF600 words
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Article893 1984-12-08 8 Amsterdam DCC 0* Fk ABN 339 50 -4 Aago« 136 50 -3 Ahotd ***** -0 8 94 60 -13 AM£V 199 00 -1.1 Amfo» 6260 -1 Bart 39 SO -1.2 Bok 100 50 -0 3 278 00 -5 Boaka 68.20 unch Cafcjnd 31 00 unch Cctv 402 50893 words
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Page 8 Advertisements
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Advertisement166 1984-12-08 8 mm to wim f mA estferfala _The Tea Garden presents Talay Thong Basket A tempting array of prawns, shrimps, a mussels, crabs, lobsters and crayfish < cooked in the traditional manner.// Set lunch and dinner Vi SlB++. Or choose your own combination of seafood at ala carte I ft s*166 words
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Advertisement192 1984-12-08 8 Ui. I A •K Two stunning new groups, CITY LIMITS and TREBLE CLEF will entertain you from 5.30pm to 12.30 am. (A single group performs on Sundays and Mondays from 7pm onwards.) J Now, when you order a glass of Tiger Draft t Beer or any other pouring brands, you192 words
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Advertisement88 1984-12-08 8 The President Lounge presents fro* 0 11' inr 4 i rv\ I■ i t Viul.... I), ,n K IMul.iv* For more information call.Cairo! Seah atTd:*****22 Ext 1400 PRK.MDKM MKRLIN HOTKt SINGAPORE I*l. Kiuhrncr Road. Singapore (*2O Entertain your friends in Royal Style at EMPEROR'S ROOM o comtxnohon cA both East88 words
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Advertisement100 1984-12-08 8 Enjoy Our Prompt Efficient Service In Cool, Quiet Cosy Atmosphere WESTERN/CHINESE/ Banquets Cater For Lunch Dinner Meetings Wedding Occasions, Birthday Parties At 16/- Onwards Per Person or Other Occasion With Function Rooms (Free of Charge) For 60 And Above. Taped Disco Music for your dancing pleasure. f J HOTEL GRAND100 words
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Advertisement123 1984-12-08 8 ~\@'"_`^$$$%@+(,@@{$(:%)(<-+_%{ Sip a glass of the world's finest wine, while you relax in the cosy ambience of The Lounge. Make your nights memorable with Keyboard wizard, Danny Koh and our resident band, Ttoe Pintos Trio. Happy Hour* spm—7pm, 28% off on al M cs?own *F*P£EfOra wm Nr -T* Brass rails,123 words
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ASIAN STOCKS
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Article351 1984-12-08 9 HONGKONG: Shares recovered early losses yesterday in brisk trading as speculators covered their short positions and selling pressure subsided during the afternoon. The Index closed the day 1.38 higher at 1,122.12. Turnover was HK5204.73 million compared with Thursday's $192.93 million. Cheung Kong and HK Wharf both added five cents351 words
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Article232 1984-12-08 9 f\rf m MT t x Chwn Indus 18 80 -0.1 ***** Lien Hwo Indus 1150 -0 45 m n i Nan Yo Plos 30 20 unch Al inc«r. Indus M» -0 2 Pocrfl<; Coos 26 90 0 2 PocrfK Elect Cothoy Cons 28 40 £1 W|fe 1 900 0232 words
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Article376 1984-12-08 9 TOKYO: Share prices closed sharply lower yesterday in active trading on Wall Street's fall and a sudden lack of confidence in pharmaceuticals and biotechnology-related shares, leaders in the recent rally. The market average slumped 92.81 to 11,467.03 after rising 16.47 on Thursday on volume of 500 million shares against376 words
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Article113 1984-12-08 9 MANILA: Shares prices closed generally easier in dull trading yesterday. The Commercial and Industrial Index lost 0.27 to 110.11 from Thursday's revised close of 110.38. Mines were down 0.47 at 748.02 and the Oil marker was unchanged at 0.604. DCC 07 P«OS 0 0016 unch Onentol B PtW Overseos113 words
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Article351 1984-12-08 9 SYDNEY: Share markets closed slightly easier yesterday with selling concentrated in industrial issues. Near the close, the All Ordi- naries Index was down 1.1 at 726.1, the All Industrials Index was down 4.9 at 1066.4 and the All Resources Index was up 1.6 at 463.7. National turnover was 46.65351 words
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Article138 1984-12-08 9 BANGKOK: Share prices closed higher in quiet trading yesterday. The Book Club Index rose 0.53 point to 129.79. Turnover climbed to 798,958 shares from 713,426 shares on Thursday. DCC 07 lohtl S«om City Cement Sram Credit 556 +10 133 50 unch S«am Tyre Ayulhoya In*. And Trust Bangkok Bank138 words
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Article79 1984-12-08 9 Dec 7 Bonk Seoul Won 650 621 +5 1 Hyundai Motor K AL Korea Frit 656 540 730 1380 8 3 10 20 Commercial Bk 692 5 415 4 Daetro k>d 560 -5 795 •4 Doe woo Corp Daewoo Ind Dong Ah 486 634 660 770 1 +2 urvch79 words
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65 1984-12-08 9 Reuter LORD KADOORIE and Horace Kadoorie may make a general offer for the 10 per cent of Hongkong Engineering and Construction Co not already owned by them, financial advisers, Schroders and Chartered, say. The company has appointed Jardine Fleming (Securities) to advise theReuter - 65 words
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200 1984-12-08 9 FT HOECHST, the West German chemical group, has signed an agreement with the China Petrochemical Corporation (Sinopec) to examine the prospects for cooperation between the two groups. The agreement came at the end of a 10-day visit to West Germany by a delegationFT - 200 words
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Article124 1984-12-08 9 Reuter HITACHI Ltd expects consolidated net income for the year ending next March 31 to rise by 21 per cent to 203 billion yen from last year's record of 167.11 billion yen. A spokesman says group sales are expected to reach a record of 4,980 billionReuter - 124 words
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Article102 1984-12-08 9 FT PEUGEOT, the private French car group, is negotiating with China on the construction of an engine component assembly plant at Guangzhou. Peugeot confirmed on Thursday that negotiations were taking place between China and the French group's Automobiles Peugeot division. The group also owns Citroen.FT - 102 words
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188 1984-12-08 9 AFP A NEW Tokyo Stock Exchange building* featuring computers capable of three billion trades daily, is to be opened officially on May 4. A ceremony was held on Wednesday to mark the completion of the stock exchange building which is situated in Kabutocho, Japan's mainAFP - 188 words
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Article139 1984-12-08 9 AFP OBJECTIONS by the US to the sale of optical fibre for a telecommunications project for China have stalled a US$2OO million deal between a Belgian company and Beijing. The Hongkong based Far Eastern Economic Review said Belgian Bell Telephone. a subsidiary of theAFP - 139 words
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Page 9 Advertisements
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Advertisement624 1984-12-08 9 'J I Si m 1 m or'/ TONIGHT! PLUG INTO AN ELECTRIFYING EXPERIENCE! THE lON BAR 9 I lON BAR 405 Have4ock Road Singapore 0316 Tel *****81 HP 9 mm 4- Baron's Table Sunday Brunch... you'll love it.' Give mum a break this Sunday and bring the family in for624 words
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SHARE INFORMATION
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Article, Illustration4265 1984-12-08 10 THE Singapore stock market managed to edge upwards yesterday in spite of selling pressure in the afternoon which pared the morning's gains. The BT Composite Index closed 2.16 points higher to 725.07, while the Straits Times Inudstrial Index gained 0.60 point to 818.43.4,265 words
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Article226 1984-12-08 10 SINGAPORE RisM Indices D#c 6 Ptc 7 670 20 ST Composite 722.19 725 07 VTZZ 346 tie 8Tta*co»or *****01 *****02 310 5 rr oircn -i«5 +8i out 300 tl2 STUd«»noh «17J3 818 43 Wtmnnr fTnitii 590 4-10 ST Fmonct 2452 93 24JI II CTtT 436 110 ST226 words
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Article450 1984-12-08 10 THE Kuala Lumpur stock market closed on a mixed note yesterday as share prices succumbed to profittaking. Trading was active with situational issues dominating the limelight once again. Turnover rose slightly to 11.46 million shares valued at $25.79 million from Thursday's 11.20 million units450 words
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Article3718 1984-12-08 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 lota of unless otherwise specified. All Time SetUement Contracts are quoted after the word "SETT". Big Board3,718 words
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COMPANY NEWS
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Article, Illustration263 1984-12-08 11 HOCK LOCK SIEW - By HOCK LOCK SIEW MARKET TRENDS and prices of actively traded stocks with large issued capital, such as that of Genting Bhd, tend to move within nicely defined channels. At its best, the trend channel acts quite like a ship's steer, directing and at times determining the way263 words
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Article2933 1984-12-08 11 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. INDUSTRIALS A Choc (3.206) (8) 3.14 (21) 3.16 (22) 3.12(7)3.18(10)2,933 words
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Article849 1984-12-08 11 SHARE PRICES yesterday were mixed but with a firmer bias, although trading was quiet, dealers said. The FTSE 100 Index at 0945 was up 4.1 at 1179.9. British Telecom rose l'/ip to 89'/2, ICI added 2p to 664 and Glaxo gained lOp to 1050. Hanson Trust continued its849 words
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260 1984-12-08 11 FOLLOWING successful renegotiations by its directors, Dah Yung Investment's venture into the general printing business is to cost 10 per cent less. Instead of paying $2 million cash for Data Printers Pte Ltd as first announced three months ago, Dah Yung will260 words
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590 1984-12-08 11 NAJEEB JARHOM - By NAJEEB JARHOM THE MARKET VALUE of "The Gateway" Singapore Land's futuristic yet problematic 37storey twin tower office blocks under construction at Beach Road has plunged 40 per cent below its cost of $406.7 million to only $243.9 million. The independent valuation590 words
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450 1984-12-08 11 LORETTA McLAUGHLAN - By LORETTA McLAUGHLAN METRO HOLDINGS, the department store, building and property group, has gone further into the red at the half-way stage. In the six months to endSeptember, pre-tax losses have risen from $762,000 to $1.69 million450 words
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Article102 1984-12-08 11 HONGKONG Australian Industrials Hong Seng Index Friday 1066.4 Thursday 1071.3 Fridoy 1122.12 Week ago 1094 7 Thursday 1120.74 NEW YORK Week ago *****0 Dow Jones TOKYO Thursday 1170.49 Wednesday 1171.60 Tokyo Dow Jones Week ago 1193.46 Friday *****.03 Standard and Poors Thursday *****.84 Week ago ***** 90 Thursday102 words
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Article131 1984-12-08 11 CONSTRUCTION Sap plies H*ose Bbd has teamed up with Malay Rubber Plantations (M) Sdn Bhd to form a joint venture company, Zarib Komplex Sdn Bhd, to develop a modern housing-cum-indus trial estate in Pengkalan, Ipoh. The land on which the project is to be undertaken, will be booked131 words
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Article248 1984-12-08 11 Monogers' prices for Dec 8 10 Second B'putro 4 86 4 91 Third B'putro Fourth B'putro 4 05 4 10 441 446 Singapore Unit Trust Fifth B'putro Sixth B'putro 3 06 3 11 2 94 2.99 2 05 2 10 The Commerce 2 53 2 69 Seventh B'putro248 words
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Article, Illustration534 1984-12-08 12 SHAHRIR ARIFF - By SHAHRIR ARIFF EDUCATION will play a major role in ensuring Singapore's future growth. Because education helps to promote the ability to adjust to changing conditions a key (actor in managing a small economy in the face of uncertainty increasing educational opportunities in Singapore will534 words
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304 1984-12-08 12 LOCAL graduates were given a list of suggested extra-curricu-lar activities by President Devan Nair at the opening of the National University of Singapore Society Club House last night. In his speech, President Nair told society members that they could help to strengthen304 words
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473 1984-12-08 12 THE BOARD of Singapore Press Holdings (SPH) has made several high level corporate appointments within the holding company and appointed members to the boards of its four main operating subsidiaries following the approval of the press merger. It also sanctioned the appointment of members to473 words
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Article, Illustration130 1984-12-08 12 RECEIVING the Orient Airlines Association (OAA) Safety Award and Citations yesterday from Dr Yeo Ning Hong, Minister for Communications and Second Minister of Defence, is SIA Captain Nicholas LW Evans and the crew of SQ2IA, which weathered a flight through volcanic ash over Jakarta in130 words
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436 1984-12-08 12 AMERICAN interest rates, in spite of the recent fall in prime rates, are unlikely to go down substantially as long as the US budget deficit situation hangs psychologically over the financial markets, said the chairman of Commerzbank436 words
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265 1984-12-08 12 CHEMICAL BANK was yesterday graated aa eitwiiu sf mttcr five weeks ea Its two interim orders agaiast Chop Hm Thye, Its sole proprietor aad a related eompaay, Yak Moag Trading Compaay. The first order restralas Chop Hoo Thye aad its265 words
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Article97 1984-12-08 12 POLLING Day, which is on Saturday, Dec 22, will be a public holiday. The Ministry of Labour said yesterday that it had received many enquiries on whether Polling Day would be a gazetted public holiday. The Parliamentary Elections Act stipulates that Polling Day at any97 words
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324 1984-12-08 12 FIVE Singaporeans who harboured illegal immigrants have been given the harshest penalty they have been evicted from their Housing Board flats. Six more will suffer the same fate soon, according to a joint statement from the Labour and Home Affairs ministries released yesterday.324 words
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Article73 1984-12-08 12 THE CASE against four people accused of the murder of Mr Frankie Tan Tik Siah was yesterday adjourned for further mention on Dec 22. Mr Tan's widow, Lee Chee Poh, 50, Vasavan Sathiadew, 41, and two construction workers Phan Khenapim, 42, and Wan Phatong, 21, are alleged73 words
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335 1984-12-08 12 PENG AILIAN - By PENG AILIAN THE FINAL knell has tolled for Jardine Fleming (Singapore), exactly two months after the merchant bank was ordered to leave by the Monetary Authority of Singapore. In an extraordinary general meeting held on Dec 4, JFS decided against its earlier plan335 words
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252 1984-12-08 12 THE MASS Rapid Transit Corporation has awarded three more electrical and mechanical contracts worth $28 million, bringing the total value of electrical and mechanical contracts awarded so far to $1,104 billion. Yesterday, the MRTC awarded the contracts for the supply of depot equipment252 words
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Article63 1984-12-08 12 STOCK PRICES turned lower in early morning trading yesterday amid investor uncertainty over the significance of the latest economic data. The Dow Jones Industrial Average (ell about one point to about 1170. In the broader market, declining issues led gainers by a ratio of about four to63 words
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LATE FILE
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Article36 1984-12-08 12 Reuter INDIAN officials have released Mr Warren Anderson, chairman of Union Carbide Corp, who was arrested when he arrived in Bhopal to investigate the poison gas disaster that killed 2,000 people. ReuterReuter - 36 words
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Article33 1984-12-08 12 Reuter THE UNITED STATES civilian unemployment rate declined to 7.2 per cent in November after registering 7.4 per cent the two prior months, the Labour Department said. ReuterReuter - 33 words
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Article36 1984-12-08 12 Reuter THE WEST GERMAN parliament yesterday gave final approval to a bill to abolish a tax foreigners pay on interest earned from German bonds, retroactively effective from Aug 1 this year. ReuterReuter - 36 words
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Article46 1984-12-08 12 Bernama MALAYSIA'S balance of trade (or August took a turn (or the better with an increase in surplus to $450.2 million. The Statistics Department said this was a great improvement over the $244J> million trade surplus recorded in the previous month. BernamaBernama - 46 words
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Article32 1984-12-08 12 Reuter VIETNAM is using Sovietmade Mi-24 helicopter gunships, the "Flying Tanks" Soviet forces employ against Afghan rebels, against Kampuchean guerillas, Thai National Security Council Chief Prasong Soonsiri said.Reuter - 32 words
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Article43 1984-12-08 12 UPI ARAB HIJACKERS who have slain three passengers extended a deadline yesterday to kill the 66 remaining hostages and broke off radio contact when negotiators in Tehran pleaded for an end to the killings, the Iranian News Agency said. UPIUPI - 43 words
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Article63 1984-12-08 12 UPI THE HONGKONG government yesterday suspended the deposit-taking registration of Deak-Perera Finance Ltd, a subsidiary of DeakPerera, the oldest and largest bullion and foreign exchange dealer in the US. Hongkong's commission of deposit-taking companies said it had ordered the suspension because the "business of the company isUPI - 63 words
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Page 12 Advertisements
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Advertisement0 1984-12-08 12 $/'./(>:%[!&}(@|={!{"%[=>!<{$:"0 words
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Advertisement142 1984-12-08 12 BMPagt4 "TT '^1 I 5& Golden Pftoenix CHAO ZHOU GARDEN RESTAURANT 6th Storey, UIC Building. Shenton Way, Tel: *****55 (6 Lines) t i y (L Special Teochew Dishes (1) COLD CRYSTAL CHICKEN (2) DEEP FRIED SILVER FISH (3) a*H«a SOY SLICED GOOSE MEAT (4) STUFFED BECHE-DE-MER (5) CRAY FISH WITH142 words
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Page 12 Miscellaneous
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Miscellaneous49 1984-12-08 12 wmim Outlook for today: Cloudy; occasional light roin, moderate to hoavy at tunas. Report for 24 hours prior to 7.30pm on Doc 7 at tt>« airport: Maximum tamporotura 29.0 Associated humidity 74 Associatod humidity Hours of sunshine Rainfall in millimatras Ro info 11 this month Rainy days this month49 words
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