The Business Times, 16 January 1978
1978-01-16
1
12
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The Business Times
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Title Section11 1978-01-16 1 BUSINESS TIMES M.C.(P) No. 218/1/78 MONDAY, JANUARY 16, 1978 SO CENTS11 words
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BRIEFLY...
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Article47 1978-01-16 1 SINGAPORE'S national shipping line, Neptune Orient Line (NOL) will launch Its new, fully containerised service next month between East Asia and the West Coast of America. NOL's first hybrid ro-ro (roll-on/roll-off) container ship, Anro Tumasek, will make her maiden call to Singapore early this morning.47 words
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Article54 1978-01-16 1 AFP HONOKONO, Sun. China added 19 new deepwater berths for vessels of 10,000 tonnes and over along its coast last year. Emphasis was laid on the Improvement of the three major sea-ports of Shanghai, Tientsin and Kwangchow, on large deep-water berths and on the mechanisation and automation ofAFP - 54 words
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Article35 1978-01-16 1 Reuter RANGOON, Sun. West Germany will provide a long-term loan of DM 90 million (about Ss94 million) for the construction of a new urea fertiliser plant in Burma, officials said. ReuterReuter - 35 words
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Article29 1978-01-16 1 AFP TOKYO, Sun. Japanese synthetic fibre output last month totalled 149,178 tonnes, showing a 0.4 per cent increase over November, the Japan Chemical Fibre Association has announced.AFP - 29 words
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Article33 1978-01-16 1 SINGAPORE Airlines is building a test cell for testing engines of up to 45,000 kg of thrust. The 12 million'cell at Paya Lebar is expected to be completed In April.33 words
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Article44 1978-01-16 1 KUALA LUMPUR, Sun. Malaysia will adopt a wait-and-see stance on whether Australia will offer new proposals on the sugar contract. "Unless something new crops up, that's It," said Deputy Prime Minister Datuk Serl Dr. Mahathir who Is also the Trade and Industry Minister.44 words
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Article62 1978-01-16 1 AFP SEOUL, Sun. South Korea will ask Japan for measures to correct trade Imbalance between the two countries now heavily In Japan's favour at the bilateral trade talks to be held In Tokyo on Jan 18 and 19. South Korea suffered a U551,635 million (Ss3.B billion) deficit InAFP - 62 words
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Article50 1978-01-16 1 Reuter PEKING, Sun. China and Bulgaria signed a goods and payments agreement for 1978 In Sofia yesterday, the New China News Agency reported. The agreement was signed by Chinese ViceForeign Trade Minister Wang Junsheng, the leader of a trade mission currently visiting Bulgaria. No details were given. Reuter.Reuter - 50 words
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Article48 1978-01-16 1 AFP MOSCOW, Sun. Last week's Soviet-Japanese talks here were "judged positively in the Soviet Union and Japan the Soviet party newspaper Pravda affirmed today In the first Soviet comment on the recent visit of Japanese Foreign Minister Sunao So nod a. No explanations were given. AFP.AFP - 48 words
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Article61 1978-01-16 1 KUALA LUMPUR, Sun. The Sarawak government has been given the go-ahead to build the S3 billion liquefied natural gas (LNG) project In Bintulu. Chief Minister Batuk Patlnggl Hajl Abdul Rahman Yakub said yesterday he had received word from Petronas chairman Tan Sri Kadlr Shamsuddln that the negotiations between61 words
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Article80 1978-01-16 1 AP WASHINGTON, Sun. President Carter will deliver personally a no-qulck-flx state of the Union address on Thursday that will call for a national effort to grapple with economic and other problems that defy easy solutions. Informants said Mr. Carter's plans to lay particular stress on his economicAP - 80 words
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Article74 1978-01-16 1 UPI CAIRO, Sun. A US compromise presented in overnight bargaining broke an agenda deadlock today that had threatened plans for Egyptian-Is-raeli peace talks and President Anwar Sadatgave the go-ahead for Egyptian participation. But despite the solution of his agenda rift with the Israelis, Mr. Sadat has been pessimisticUPI - 74 words
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Article121 1978-01-16 1 THE following list of stocks gives the 10 moet traded in on the Stock Exchange of Singapore last week. It gives the turnover in thousands of units, closing prices on Friday and the high and low for 1977 Company Turmm Pries* High Low "000 Jaa 13 1977/1978121 words
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LOCAL STOCK INDICES
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Article72 1978-01-16 1 6 T. Index: Ju 9 J*n 10 Jaa 11 Ju i* Ju 13 tt 491.43 495.15 501.96 503.12 510.30 263.70 423.95 173.59 164 15 Industrials: 262.00 262.82 263.31 263.53 Finance424.05 423.86 424.52 424.90 Hotels: 171.60 171.38 172.12 172.47 Properties 163.77 164.08 164.62 164.39 t Tins: 140.28 139.65 140.02 139.9072 words
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Article83 1978-01-16 1 ft t t B.T. Index: Industrial Finance: Hotels: Properties: Tins: (rubbers: Jul 073.24 283.47 300.20 184.44 136.20 136.97 362.61 JaalO Ju 11 Ju 13 679.91 689.19 694.75 292.54 292.40 292.61 300.21 370.15 370.07 185.26 185.42 185.42 155.21 150.04 150.04 156.36 150.89 156.99 363.32 363.65 364.10 Jan 13 700.80 293.1983 words
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Article1064 1978-01-16 1 COLIN CHEE - DBS RAISES ITS PRIME By COLIN CHEE DESPITE bankers' insistence that they do not expect to see Singapore's prime rates rising from the general level of 7 per cent on the heels of Citibank and Chartered Bank's increase to 7K per cent over the1,064 words
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Article115 1978-01-16 1 SINGAPORE'S fledgling aerospace industry (the assembling and distributing of light aircraft and helicopters), will soon face competition from Indonesia. Indonesian Nurtanio Aircraft Industry has secured orders from Thailand and Malaysia and the company's commercial director, Mr. Subaglo, said this weekend that it is now trying to move into115 words
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644 1978-01-16 1 THE SAUDI Consulate In Singapore is believed to have suspended temporarily Its ruling requiring local exporters to Saudi Arabia to provide more than one certificate of origin. Sources say the Qovern-ment-backed trading company. Intraco, was among the first to obtain Saudi Consulate endorsement644 words
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222 1978-01-16 1 THE INDUSTRIAL Bank of Japan will start offshore banking -here from early April. IBJ, which opened a representative office here in November 1972, recently got the green light from the Monetary Authority of Singapore to upgrade its status to an offshore bank.222 words
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596 1978-01-16 1 THE International Tin Council faces a crucial meeting in London this week when the price range of the international agreement comes up for discussion. On the one hand a strong body of consumer member#, led by the United States, West Germany and Japan,596 words
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Page 1 Advertisements
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Advertisement24 1978-01-16 1 Wiyfbong hand when Wayfoong Mortgage WU HCCti and Finance (Singapore) Lidijicd It ITIOSt Shaw House. Ground Fk>or. 354 Orchard Road. Singapore 9. TH: *****7.24 words
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Advertisement78 1978-01-16 1 m Trust Sony for your video G With customary vision "Vin*? and foresight Sony pioneered video equipment. Today. Sony is one of the world's foremost manufacturers of integrated video equipment. Research and experiments are continuously carried out to bring you the most advanced and sophisticated video components DXC-1200P (Odour video78 words
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Advertisement69 1978-01-16 1 BMisa SPORTS Water ENVIRONMENTAL parity NOT aaeh to itii 1 Uidoa ®OW Utt rtf 9 IB U8 2 market RAy r LES that fateful day eteaay IV ONE iw SPORTS Wat* *tfa« la Baraardof the Swire Group 7 MAGNETIC art ew>w that INDUSTRY that hags IMpc Du Sharp visited 769 words
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Advertisement136 1978-01-16 1 c 4 I Albert Photo For the best in SoVVW- photographic equipment JAL FLIGHT 712 THE TOKYO EXPRESS i VANCOUVER 'WSAN 1 FRANCISCO I HONOLULU SWGAPORE MEXICO CITY tari f jP J i< 7 if--' v 1 Only on JAL can you non-stop to Tokyo, then make convenient connections to136 words
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Article, Illustration938 1978-01-16 2 FT HARDLY a week goes by that Americans are not reminded of the mindboggling dimensions of toxin-related health problems facing agricultural and factory workers as well as the general population. On some days the revelations fly thick and fast, as in a recentFT - 938 words
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Article, Illustration891 1978-01-16 2 JOHN CHERRINGTON - but a Briton dissents By JOHN CHERRINGTON FT MORE than thirty years ago I took over a large acreage of land in rural England which had grown nothing but rabbits for many vears. It was cut Into small fields by high and untamed hedges, there were copses and Uttle spinneysFT - 891 words
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Article, Illustration739 1978-01-16 2 Reuter PRAYERB for rain were being offered at the end of last week, as farmers counted the cost of one of the worst Australian droughts this century. If prolonged rain does not fall within the next few months, the cost to the nation couldReuter - 739 words
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Article164 1978-01-16 2 COURSES AND TALKS DATES TITLE LOCATION ORGANISER jan 4-23 7. 14 &21 9-30 9-16 9/12/2 9-30 16-20 Managing Conflict in Industrial Relations The Effective Secretary Thong TeckBldg. Thong Teck Bldg. SIM SIM Industrial Application of Operational Amplifiers Managers and Information Systems S.D. Module pi Elements of Industrial Engineering164 words
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Page 2 Advertisements
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Advertisement16 1978-01-16 2 I Find the pick of the paperbacks in Times Distributors o □0 Pan Books Sdn. Bhd16 words
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Page 2 Miscellaneous
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Miscellaneous612 1978-01-16 2 THE TWO-IN-ONE CROSSWORD CRYPTIC PUZZLE ACROSS I 3 Free weapon? (9) 8 Land of lacquer (ft) 10 Anglo-Baxon name for tea? (5) 11 Organised the whole dashed thlng«3) 12 Arrest* for firing support? (5) 13 He's a source of hot air, if nothing else (T) 15 Her mother also has612 words
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OVERSEAS
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779 1978-01-16 3 AFP THE RECENT low growth •rate of the world economy ST h*s provided an insufficient base for real Increases in commodity prices. 2. Amalgamated Metal Corporatlon, the London metal trader, said in its review of non-ferrous metals, the balance between growth worldwide, even ofAFP - 779 words
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168 1978-01-16 3 AP THE EUROPEAN Common Market will open talks with i its major steel suppliers in a bid to reach bilateral agreements to reduce Imports to the nine-member countries, and to maintain prices at certain levels. I A spokesman announced that delegation fromAP - 168 words
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301 1978-01-16 3 Reuter THE US Federal Rmrr. Baak'a reported large surge in money ■apply is due primarily to year-end seasonal factor*. Moaay market aaalyata aaid the U814.1 billion M-l increaae (519.56 billion) for the week ended Jan. 4 should not seriously concern the creditReuter - 301 words
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Article576 1978-01-16 3 UPI PRESIDENT Carter's stillconf ldential budget proposals for the 1979 fiscal year starting this Oct. 1, will Include a sizeable boost In overseas farm market development programmes. Informed sources say. The budget will not go to Congress until late this month. But a congressionalUPI - 576 words
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WORLD IN BRIEF
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Article580 1978-01-16 3 THE US Agriculture Department estimates world soyabean production In calendar 1077 at a record 73.4 million tonnes, 25 per cent and 10 per cent above the 1970 and 1975 output respectively. The UBDA Foreign Agricultural Bervlce said a record US crop, estimated at 45.8 million tonnes as580 words
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164 1978-01-16 3 Reuter LEADINO tea exporting and Importing countries agreed to do their level best to negotiate an accord regulating International trade In the beverage as sbon as possible. They took this decision on Friday at the end of a fiveday meeting In Geneva convenedReuter - 164 words
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Article255 1978-01-16 3 Reuter SCANDINAVIAN foreign exchange dealers still regard a realignment of the Norwegian and Danish crowna within the Joint European currency float as inevitable given their economic and trade positions. However, wage discussions in Norway next month between unions and management may put off a devaluation for anotherReuter - 255 words
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Article143 1978-01-16 3 AP THE LIBERAL members of the European Parliament (the Common Market's non-elected assembly), suggested that a parallel EuroKi currency be created use of the US dollar's decline. The idea emerged from a meeting in Brussels of the Liberal group last Friday and was spelledAP - 143 words
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Article159 1978-01-16 3 Reuter ITALY'S net official reserves rose by 386 billion lire (about 551.04 billion) In December to 16.68 trillion lire, the Bank of Italy said. At the end of 1976 net official reserves reached 10.88 trillion lire. Currency reserves at Dec. 31. 1977 were 6.83 trillion lire, downReuter - 159 words
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785 1978-01-16 3 Reuter UPI BRITISH financial analysts expect the country's leadin® economic indicators (to be out this week) to show no dramatic changes In established trends. Their expectations show visible trade for December in surplus for the fifth consecutive month and money supply M-3 growthReuter; UPI - 785 words
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Article217 1978-01-16 3 Reuter MEASURES by US authorities to protect the dollar either directly by raising interest rates and foreign exchange Intervention or indirectly by passing energy legislation could have a strong Impact on the UK government bond market. Bond market analysts In London said recent Federal Reserve moneyReuter - 217 words
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Page 3 Advertisements
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Advertisement90 1978-01-16 3 NDCfIJEZ mmmam NDCRJEZ NOCSUEZVHH NDCBUEZ usstjftgi* llll- '.■'X*-kici»-[- -.V 1 Ti»' M. s-:l 1./'' a.*- <4 nP PEPOSH >: v r p^uv^- v v U SUVV OS* JO; A rl js* m V,. r WW# rniliUM^ u v?i 'ggk JMMt 5) •> ESJEW® 6K^Lc^*^ g ort VH»tt •*v, i f90 words
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RAW MATERIALS
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Article257 1978-01-16 4 TERMINAL rubber In London on Friday closed uncertain with on-balance gains of 0.95 to 0.60 pence per kilo but below the day's highs In most positions. Turnover totalled 392 lots of 15 tonnes including 12 kerbs and five options, plus 52 lots of five tonnee. Dealers attributed257 words
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Article132 1978-01-16 4 THE STRAITS tin price in Penang on Saturday fell MsB to $1,703 per plcul, on an official offerlrig down 24 tonnes to 231 tonnes. In LONDON on Friday, tin fell by mostly £25 in both contracts. Values showed only minor movements during the afternoon in thin twoway trading.132 words
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Article319 1978-01-16 4 CHINESE PRODUCE EXCHANGE. SINGAPORE NOON CLOSING PRICES PER PICUL ON SATURDAY: Cnmul Oil: Bulk 183 sellers, old drum >88 sellers, new drum $93 sellers. Copea: Mixed (loose) UK/ Cont >58 buyers. nppar: Muntok AST A white f.o.b. 100H NLW (450 sellers. Sarawak white f o b. MH NLW319 words
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Article100 1978-01-16 4 TERMINAL coffee In London on Friday closed officially slightly easier, down from the day's highs but £4 up to £27 down from Thursday's close. Volume totalled 2,051 lots Including 82 options and around 000 lots of cross trades. Spot Jan closed £4 higher at £1.972 after trading at £1,075100 words
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Article202 1978-01-16 4 FUTURES closed £0.75 down to unchanged In a turnover of 2,252 lots In London on Friday. The London daily raws price was raised £2 on tone of physicals to £112 while the whites price was up £1 at £114 per tonne. In NEW YORK on Friday, world sugar futures202 words
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Article61 1978-01-16 4 TERMINAL cocoa closed £5 lower to £6 higher, and turnover totalled 1,941 lots Including 576 lots self-traded and seven options, in London on Friday. Afternoon business was conducted within a fairly restricted trading range Involving some weekend book-squaring. In NEW YORK on Friday, cocoa futures closed 1.50 to 1.0061 words
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Article60 1978-01-16 4 WHEAT futures posted small loses after ranging narrowly to either side of the previous close In light trading on Friday In Chlcago. Early firmness in soybean futures and professional buying prompted local buying which brought small early gains. But. upward momentum was tacking and local selling increased as .exporter60 words
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Article82 1978-01-16 4 SOYBEAN futures were unable to hold small early gains, losing ground to close at the day's lows with losses of 4Vi to IK cents a bushel on Friday In Chicago. The continued high rate of crush reported by the NSPA and commercial buying stimulated early local buying which took82 words
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Article541 1978-01-16 4 OOLD put In another strong performance in Zurich last week after the previous week's sharp setback of the gold price to U*****.75/ 186.00 per ounce following the announcement that the U8 monetary authorities would actively support the U8 dollar and the metal's Impressive rebounee to the $170 level at541 words
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Article202 1978-01-16 4 BANOKOK rice prices were quoted unchanged as follows on Saturday. (Prices in US dollars per tonne rob basis Bangkok) White Rice: 100 pfct Ist ctase 385.100 pet 2nd class 350. 100 pet 3rd Class 345. 5 pet 338. 10 pet 320. 15 pet 317. 20 pet 314. 25 pet202 words
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Article69 1978-01-16 4 C I.F US dollars per Ion. LONDON Friday hulii Malaysia 5% (fa bulk March Sumatra 5H f fa Jan Feb March April May June Nigeria 5S ffa bulk ROTTERDAM Sumatra Jan Zaire (Br 1( francs per kilo) SOS sir 531 pd S30 pd 50#/515pd 497 SO/SOS pd 49569 words
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Article257 1978-01-16 4 COPPER wlrebars in London on Friday, rose by £1.50 per tonne all round. Sterling.--recovery against the US dollar In the afternoon tended to dampen sentiment In late ring dealings. Values steadied on the kerb, however, under late pre-weekend buying from an Influential quarter up to £677 per tonne. The257 words
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Article134 1978-01-16 4 SILVER on the London Metal Exchange (LME) lost 1.5 pence per troy ounce all round, on Friday. The market was steady during the afternoon in sympathy with the movement at New York but trading interest was negligible. Price* on the moraine pre-market were marked lower reflecting the overnight decline134 words
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Article73 1978-01-16 4 LEAD on Friday In London fell by mostly £3.75 per tonne. During the afternoon, values fell back under general liquidation prompted by news that a number of Asarco's lead/ sine plants are fairly close to reaching agreement on a new three year labour contract. Three Months traded flown to73 words
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Article56 1978-01-16 4 ZINC in London on Friday lost £2.50 for cash and £3 for Three Months. Values were basically steady during the afternoon despite the snakeout In lead with modest two-way trading developing around end-momlng levels. During the morning, values gave further ground under tired long liquidation and stop-toa selling in56 words
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724 1978-01-16 4 DEALERS remained generally Idle at the Singapore produce market last week In the absence of fresh buying from the West European, West Asian countries and the US. However, a substantial number of Inquiries were received from these countries but most of them did not724 words
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MONEY AND EXCHANGES
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Article239 1978-01-16 4 WITH the raising of the discount rate from 6 to 64 per cent and the increase of the ?rtme rate to 8 per cent from >« per cent. '.he US dollar continued to remain firm last week against the West German mark around 2.14 per cent. However, dealers239 words
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Article45 1978-01-16 4 ACBC i 7 Citibank 7* y HSBC 7 7 7 Bank of China 7 Malayan Banking 7 Bank of Tokyo 7 7 Bank N«fara f OCBC Ot'B 7 7'* t T CB 7 Chac* Manhattan 7 L'MBC 7 DBS 7U COB 745 words
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Article337 1978-01-16 4 OVERNIGHT funds were traded at the 3 per cent level In what was basically a liquid market last week. Interest in lending term was also evident, particularly after the result of the swap facility provided by the Monetary Authority of Singapore was known. One. Two and Three Month337 words
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Article259 1978-01-16 4 Asian rates DEPOSIT rates firmed lajt week, moving up H per cent In Three and Six Months with the latter hitting 8 per cent at one sun. Friday closed steady to easier levels. Trading was active throughout the week. Money supply increased 4.1 billion for M-l and 5.0 billion for259 words
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Article215 1978-01-16 4 THE DOLLAR closed lower against major currencies In erratic trading on Friday, despite New York Federal Reserve Bank Intervention. The Fed appeared to be In and out of the market for most of the day although intervention was limited and not aggressive. The market still reflects uncertainty about215 words
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Article627 1978-01-16 4 DESPITE a more active intervention policy of the US Federal Reserve since the previous week and despite the previous Friday's increase in the discount rate from 6 per cent to 6 1/2 per cent, the dollar lost ground last week on balance. It was, however, a hectic up and627 words
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Article263 1978-01-16 4 THE DOLLAR on Friday closed little changed from Thursday against sterling but weaker against other major currencies In thin trading here. The effects of Federal Reserve Intervention in New York on Thursday stlU linger In the market and operators are reluctant to bring further major pressure on the dollar263 words
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Article157 1978-01-16 4 Euro rates TIME deposits In London on Friday held steady In quiet pre-weekend trading. The increase In U8 money supply figures had no effect on rates as the details were lately expected, dealers The One Month period rate was adjusted higher because of Friday end-of-Ctlod ahead of Washlncn's birthday, Feb157 words
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Article75 1978-01-16 4 Source: Astley Pearce THE INTERBANK overnight rate was relatively low throughout the whoie of last week, with transactions dealt within the range of the 4 to 3Vi per cent level. Terms rates were lowered by per cent with business in the Ones at 5 per cent. Twos atSource: Astley & Pearce - 75 words
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Article47 1978-01-16 4 FOR the week ended Friday Jan 13 the range of call rates received from Short Deposits (M) Berhad was as BANK FUND 4 per cent to 5 per cent GENERAL FUNDS 3% per cent to 5 per cent. Movements of fund totalled 1638 million.47 words
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Article36 1978-01-16 4 FRANKFURT exchanges closing quotes on Jan IS: os i.itu/a» Can I.IQI/MI M«4.*M/I*S Drl tS.lt/IS srr wn mm Ut I.4SS/4IS r rr 46 n/i* Tea •.rnvss B rr (ror.) r«M/<7» rr (fin) 146/47 N Kr 4110/1*36 words
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Page 4 Advertisements
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Advertisement149 1978-01-16 4 The international bank with your interests at heart. Dai-lchi Kangyo Bank is Japan's largest bank. Total assets of 50 billion dollars. But our size doesn't make us impersonal. A worldwide staff of financial experts ready to give your project their individual attention. And we have your interests at heart. J149 words
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TRANSPORT
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Article, Illustration1403 1978-01-16 5 GOH ENG KEE - By GOH ENG KEE TWO leading local shipping Unes are running a small but apparently Kfl table business shlppsheep directly from Australia to Singapore, which ranks as the continent's third biggest importer of live sheep. Of the two lines Blue Funnel (SEA), a member1,403 words
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360 1978-01-16 5 FT VICKERS, the engineering group, will be seeking at (east £150 million (***** million) cash from the British government as compensation for nationalisation of its aircraft and shipbuilding interests, according to Sir Peter Matthews,managing director. Negotiations with the government, which are expected to takeFT - 360 words
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Article, Illustration376 1978-01-16 5 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Altalr (1300 after La Plata Maru) 38/30 Frotabelra (after Chldambram (Must sail not later than 0530/6 th) 1.2 Frotarlo (2200) 45 Hulda Maersk (D/L) (1200 after Oriental Queen hauls) 33/34. Oolden Globe (1500 after Kosho Maru and Nedlloyd Karakorum) 6/7 Melru (0600 after376 words
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Article185 1978-01-16 5 AP RATES changed little, but R showed considerable expansion on FrlSouth America produced a further rash of River Plate grain fixtures, lncludtngmore traffic to the Soviet Black Sea in which Direction Olenas fixed the '"La Sierra" at U5518.23 (2,000 tons discharge free) with a 30,000-ton JanuaryFebruary cargo.AP - 185 words
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158 1978-01-16 5 Reuter AIR France Is expected to announce this week that it will buy 12 Boelng-737 aircraft at a cost of around US$l5O million (***** million) to replace its French-built Caraveile aircraft. industry sources said. The sources said In finalising the deal with Air France,Reuter - 158 words
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127 1978-01-16 5 Reuter TWO regular monthly shipping services between Taiwan and the Red Sea and the West Asian Gulf will be established under the administration of the Ministry of Communications, the Central News Agency reported. All Taiwan cargo to major ports in the Red Bea andReuter - 127 words
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219 1978-01-16 5 CATHAY Pacific Airways (CPA) is to increase its ssrarity staadards at Southeast Asian airparts, partiralariy by Installing more X-ray machines for (Msseager baggaige iaspecMr D.R.Y. Black, maaagl»l director of Cathay Pacific Airways, said this whea ke was ia Siagapore for a two-day219 words
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Article88 1978-01-16 5 THE Port of Singapore Authority recently announced two new regulations replacing the Singapore Port Regulations, IPTO, with effect from Jan 1. The two are the Singapore Port Regulations, 1977 and the Port of Singapore Authority (Dangerous Goods, Petroleum and Explosives) Regulations, Essentially, the new regulations contain88 words
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Article681 1978-01-16 5 ARRIVALS 9er* Operator Num toe Local ber Time From CPA CX003 0145 HKO SAS MAS SKO07 MHoOl 065C CPH/TH R/BKK 0715 KUL MAS SIA MAS MAS MH682 SQ101 MH621 MH607 0610 KCH 0815 KUL 0835 PEN 0845 KUL MAS OIA CPA THAI SIA MH671 GA980 CX710 T0423681 words
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Page 5 Advertisements
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Advertisement147 1978-01-16 5 SINTAT Rent-a-Car SINGAPORE AIRPORT TEL *****5 CITY TEL *****5S Call us for your local or onward reservations ,1 r.< Don t let the language barrier stop you from wider w r 'f > contacts riii ms.* <»-W I ***%> ■>e \P^ S°°, e o> 1 a'" 1 r s k147 words
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REVIEWS
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Article, Illustration1052 1978-01-16 6 TSANG SAU YIN - By TSANG SAU YIN MAESTRO YOSHINAO Osawa would have been .A pop singer, not a conductor, If Professor Yamamoto. conductor of his school symphonic band (Singapore equivalent of the brass b'knd),'had not picked the 13-year old euphonium player to be his assistant conductor.1,052 words
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Article, Illustration241 1978-01-16 6 THE ALLIANCE Francalse shows French films free of charge every Tuesday at 9 pm. at the Regional English Language Centre in Orange Grove Road. The film tomorrow, Tuesday Jan 17, Is LA MAISON DES BORIESJ97O, starring Marie Dubois, Mathleu Carrie re, Maurice Oarrel, directed by Jacques DonlolValcroze241 words
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Article933 1978-01-16 6 NYT NEW YORK: Radio City has been a crucial landmark In city that for years has symbolised elegance and glamour to the rest of the country; every local BJou and Rlvoll, even those built long before the Music Hall, seemed to be a smalltown versionNYT - 933 words
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Article377 1978-01-16 6 SALMA KHALIK - •y SALMA KHALIK THE NATIONAL Museum Is -currently sponsoring an art exhibition from Hwl Yoh Secondary School entitled "Creating with Fabrics." at its Young People's Oallery from Jan 13-31. As Its name suggests, this Is not one of your run-of-the-mill exhibitions displaying the efforts of377 words
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Article137 1978-01-16 6 THE UNIVERSITY of Singapore Orchestra and the University of Singapore Choir will be performing at the Singapore Conference Hall in Shenton Way, at 8.15 pm on Saturday Jan 21 S3 and $2 tickets are available at Cold Storage, C.K. Tang and the Music Department of the University (Tel:137 words
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Article, Illustration1523 1978-01-16 7 PETER BARNARD - •y PETER BARNARD MONDAY: Wakening comes early, as either one or two of our small children decide that a change of bed around dawn would be comforting. This saves setting the alarm clock, but we know we should one day steel ourselves to lock the bedroom door.1,523 words
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Article1142 1978-01-16 7 FRANK J. PRIAL - By FRANK J. PRIAL NYT CROSS THE RHINE from Germany Into France and, miraculously; Sauerkraut becomes Choucroute, Wurst becomes Sauclsson and the wine well, the wine becomes one of the finest, and least known In the world, the great white wine of Alsace. Like ChoucrouteNYT - 1,142 words
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391 1978-01-16 7 A Handbook for Company Secretariat Ng Soon Chye Eastern Universities Press Sdn. Bhd. Singapore, 1977, fit (limp), 922.50 (hard) Reviewed by Arthur Ng THIS handbook, written by an expert in the field, Mr. Ng Soon Chye, FFCS, FAAI, or Pacific Union Co, Is391 words
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Article, Illustration1101 1978-01-16 7 EVER SINCE the opening of the beautiful National Centre for Art and Culture by Georges Pompidou nearly a year ago, 19,000 visitors a day have been pouring Into the huge steel and glass building. This took everybody by surprise. Planners In their wildest dreams dared1,101 words
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Page 6 Advertisements
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Advertisement683 1978-01-16 6 ri 585 Orchard Road, S'pore f. Tel: *****2 405/407 Have lock Road, B'pore 3. Tel: *****1 Pebble Bar Experience the unique expression of Tanla Great Sound Big Show You'll love the dynamic and versatile Tanla For memorable yester hits and today's favourites. Only happens at the Pebble Bar Dally (except683 words
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Page 6 Miscellaneous
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Miscellaneous282 1978-01-16 6 TV RADIO SINGAPORE 5 3.00 PM Opening announcements followed by Kudumba Malar (Tamil Repeat) 3.30 Diary of Events (Tamil) 3.35 Afternoon Matinee The Four Just Men (Pt. 1) Starring: Francis L. Sullivan, Hugh Sinclair, Anna 4.15 Intermission 6.05 Opening announcements followed 1 by Run Joe Run The Hitchhiker (Last Episode)282 words
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Miscellaneous64 1978-01-16 6 WEATHER outlook for Singapore from 6.00 a.m. to noon today: Local shoioers in late morning. Report for 24 hours prior to 7.30 pro on Jan 15 at the airport. Maximum Temperature 30.7° C Associated Humidity 72 Minimum Temperature 23.0° C Associated Humidity 99 Hours of Sunshine 7.35 Rainfall in Millimetres64 words
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Page 7 Advertisements
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Advertisement399 1978-01-16 7 mafico SINGAPORE Tanglin Circus, S'pore 10. Tel: *****1 Brasserie La Rotonde Have a Swiss Affair with us Brasserie La Rotonde Speciality de Cafe damaoa IYhotelA Food fresh from Switzerland Car valets in attendance Newton Road, S'pore 11. Tel: *****1 We've got it all together Golden Mikado Cantonese Cuisine prepared with399 words
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Page 7 Miscellaneous
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Miscellaneous51 1978-01-16 7 Brisl Roses gpr> > volets rrc bluc OF VO££NP*Vk>ie uovewou BCOP 800P BE DOOP, Roses RKC feo voueTs p*e fcmc P-MSS Pf*£Trv/ OF <l££N«P^ oN I LOVE >fcxj tOtTM MeW N»»N>/ NONNV f\fJO R SooP QooP ac Poof •HIS IS OJC OF HIS toteß DPtfS. toscs f*€ KfeO > V<X£TS51 words
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MARKET REVIEWS
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Article1197 1978-01-16 8 G. COLVERD - LONDON •y G. COLVERD PUBLICATION of the Government's spending plans for the next three years in the form of a White Paper holds all the proballties of being reshaped into a ballot slip In the wake of Chancellor Denis Healey's March budget. The assumption that state spending1,197 words
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Article214 1978-01-16 8 A COMBINATION of falling Wall Street prices and currency uncertainty created the conditions for a sharp sell-off of an overbought market this week, dealers said. Among the leaders, BHP dropped from a peak of A 55.66 to a low of $5.32 before it rallied at the close to $5.40,214 words
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Article243 1978-01-16 8 AFP BUOYED up by the Japan-American trade settlement, the Tokyo Stock Exchange staged another rally this week paced by export-oriented issues. The Dow indicator climbed past the 5,000 mark to reach a 2.5month high to finish the year's second week at 5.040.08 yen, up 50.70 yen.AFP - 243 words
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Article1131 1978-01-16 8 GOH HUNG PONG - SINGAPORE •r GOH HUNG PONG COMMODITY stocks featured in active trading on the Stock Exchange of Singapore last week, with attention focusing mainly on tin share Pahang Consolidated ahd the rubber share Consolidated Plantations. Indeed, bullish interest in rubbers provided the Impetus for the rest of1,131 words
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493 1978-01-16 8 ■fflpty ©OH HiANGK»4§|j SCRIP ISSUES Time* Publishing: scrl£ Issue of two-for-flve capitalisms 8113.92 million Straits Time* Preea (1*75): scrip issue of one-for-two capitalising 852.15 million. OTHERS King's Hotel has been granted approval to construct a 20-storey extension to the existing hotel with493 words
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Article1014 1978-01-16 8 KUALA LUMPUR COMMODITY stocks were primarily responsible for keeping Interest alive on the Kuala Lumpur stock market this week. The reappearance of firstly, Pa hang Consolidated onto the trading boards after months of suspension and secondly, the gradual but steady buildup In the plantaUon sector, provided1,014 words
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Article568 1978-01-16 8 AP MIXED In among the many disappointments of the past year's stock market has been at least one consolation prtxe for Income-con-scious Investors a record number of dividend Increases. In a preliminary tally for 1977, Standard and Poor's counted 2,978 dividend Increases, 13.5 per cent more than theAP - 568 words
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Page 8 Advertisements
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Advertisement259 1978-01-16 8 m V X// E i 9. V: ws~ g$ I I m m i %■> i v v: I <S i I a i w i&i 0 *2 \> VA i fc <*■ Hi l!\£ '/j 1 Js! bi I ■>. DON'T CROWD ROUND OTHERS, LET OTHERS CROWD ROUND YOU!259 words
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INTERNATIONAL STOCK MARKETS
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Article449 1978-01-16 9 Reuter TOKYO: Share price* closed niftier In active trading on Saturday on. the settlement of Jijun-OB trade dispute on dealers said. The Dow Jones iterue rose 901 to clow at 5.838.W with volume of 230 million shares. The New Index closed at 375.57, up 0.f7. Export orientated electrlcals. precisionReuter - 449 words
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Article274 1978-01-16 9 AMSTERDAM: Share prices closed mixed with a firmer bias on Friday following the recovery of the dollar and overnight Wall Street, dealers said. Dutch internationals firmed except for Unilever, which lost 1.40 guilders. In the rest of the market, firm shares Included most shippings, Refceee and Bijenkorf. State loans274 words
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Article134 1978-01-16 9 BRUSSELS: Belgian share prices were lower in quiet trading on Friday, bourse sources said. In foreign stocks UK were lower ana Oermans mixed, while Dutch, Americans and French roee but gold mines Ml. Petreflaa and its Canadian and American units rose. JAN II m FORWARD MARKET Acec 283 •10134 words
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Article280 1978-01-16 9 FRANKFURT: Shares closed firmer following Friday's dollar recovery, dealers said, and purchases by foreign Investors and some large domesUc institutions made for lively trading. The bank sector roee. Public authority bonds were up to 0.30 mark# higher with the Federal Railway Loan trading pre Issue at 100.40/ 100.50 against280 words
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Article354 1978-01-16 9 PARIS: The market firmed on Friday with calmer conditions on foreign exchange markets and French political developments. notably the apparent deepening of differences between the oppodUon socialist and communist parties, encouraging investors, dealers said. L'Oreal gained sharply and trading was suspended because of an influx of buying orders. Other354 words
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Article48 1978-01-16 9 MILAN: The market closed at the day's lows In thin trading, dealers said All leading Industrials were depressed and banks and Insurances lost (round. Financials, however, were mixed with Stfa and Generate ImmobiUare firmer against the trend. Bonds were narrowly mixed. Friday's share prices were not available.48 words
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Article368 1978-01-16 9 JOHANNESBURG: Gold generally declined In quiet dealings on Friday following the lower bullion price, dealers said. Heavyweight losses ranged to 100 cents, with smaller priced shares up to 50 cents down. Financial minings eased In sympathy. while diamond share De Beers, doted five cents lower at 578 Platinums were368 words
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Article294 1978-01-16 9 ZURICH: The market firmed slightly In moderate trading on Friday supported by the recovery of the dollar and the gain in Wall Street, dealers said. Insurances remained little changed. Leading Industrials reversed a recent easier trend and closed generally firmer, led by Nestle and AJuaulaae Dmi«i Domestic bonds advanced294 words
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Article314 1978-01-16 9 TORONTO: Share prices closed moderately higher In busy trading on Friday with the Composite index up almost 2H points. Its largest advance since Dec 30 Oalns outnumbered losses 207 to IM. Bow Valley Industrie* added to 21 on higher six months net. Neva Scotia Savings, which reported Improved 12314 words
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Article1144 1978-01-16 9 NEW YORK: The stock market, unable to build on Thursday's feeble advance, finished mixed in quiet trading on Friday. On Thursday, the market broke a string of seven straight declines which cost the D-J industrial average more than 55 points AnalysU said fundamental factors, such as rising interest1,144 words
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Article62 1978-01-16 9 FINANCIAL TIMES INDUSTRIALS Friday 480 9 Thursday 479.4 Week Ago 497.3 DOW JONES AVERAGE INDUSTRIALS Friday 775.73 Thursday 778.15 Week Ago 793.49 LONDON DOLLAR PREMIUM Friday 97* to 67H Thursday 66*. to 67* H.K. HANG SENG Friday .383.44 Thursday 384.41 Week Ago 394.82 ALL ORDINARIES Friday 483.73 Thursday 461.0062 words
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INTERNATIONAL COMPANY NEWS
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1292 1978-01-16 9 NYT PHONES are Its trade, but the most conspicuous thing about the American Telephone and Telegraph Company is Its size, ft Is, In fact, the biggest corporation on earth. There Is more of It than anything else, a very great deal of it being people.NYT - 1,292 words
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Article369 1978-01-16 9 SYDNEY: Sydney share broker Ralph W. King and Yulll forecast a difficult time for Australian stock markets In 1978, with several factors which could dampen sentiment, Including further pressure on Australia's international reserves. The broker said such pressure could be related to a fall in369 words
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Page 9 Advertisements
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Advertisement106 1978-01-16 9 mmna 1 In Singapore there is an inn Which has an old-world pattern: The London Steak House is its name And it's a first-rate tavern. The meals it serves melt in the mouth. The wines are fine and mellow. The atmosphere is companionable And all the patrons know. That Fosters106 words
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Advertisement384 1978-01-16 9 =?»ll Sliilr— i rt 5 rs J j THE GREAT BOOKS OF WESTERN CMLIZAriON These are the books that had to burn. For within the GREAT BOOKS are volumes that hold the ideas and thinking that challenge the fettered mind; the thoughts and theories that have built democracies, withered tyrants,384 words
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COMPANY NEWS
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Article694 1978-01-16 10 SINGAPORE'S Venerable Old Lady, the Raffles Hotel, is fast catching up with w modern high-rise hotels in terms of profitability at Trading profit for the ..-year ended August 31, 1977 has more than doubled to \58#1,271 from only $308,401 0 ,ln the previous year,694 words
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133 1978-01-16 10 BUSINESS TIMES INDUSTRIAL GROUP INDICES (BASE YEAR: JANUARY 4, 1971 100) itnm Week's Actk Week hM Point m«k Low Industrial Group Jeal Jin n Chang 236.74 145 90 Automotive ***** 226.74 +4.93 496.57 339.94 Banks. Insurance. Finance and Trustees 341.54 337.29 -4.99 164.62 135.90 Chemicals. Rubber Products. Refining and Smelting133 words
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Article319 1978-01-16 10 CONTINUING with Its rationalisation exercise, General Lumber (Holdings) Is to acquire tor M 53.15 million, all the fixed and productive assets of Federated Kilning and Exporting, a timber processing company In Klang. The purchase Is to be financed by borrowing and from Its operations, the company319 words
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Article355 1978-01-16 10 Current Ex Date Total for Tdtal for payment Date payable the year prvriouyttf Cold Storage Hldgs 7%I(k) Dec 30 Jan IS 7%I(I) 16.4%(a) FCN SHI Dec 30 Jan 16 6% 18% Kllllnghall Jack Chla-MPH 300% Dec 15 Jan 18 500% 200% 5%I(C) Sept 19 Jan 19 5% Kullm355 words
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Article5812 1978-01-16 10 1078 High Law Last Sato +-acGfs dhr Dtv e'n Gr*a f Nat P/B Vel (•888) Day Hick Law SBCTION ONE INDUSTRIALS 154 2M 119 244 88* 206 189 270 422 148 134 185 58 212 57* 155 140 182 350 01 Ac ma Alcorn Allied Choc Bata5,812 words
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Article1243 1978-01-16 10 January 13 ON the Chicago Board Options Exchange, a total of 102,577 contracts were traded compared with 110,337 on Thursday. OPTION JAN APL JLY STOCK Alcoa 40 J 1/1 UNTRD 91/4 411/4 Alcoa 45 1/1 lt/6 11/1 431/4 90 UNTRD Ol NOL 41 1/4 Alcoa 90 UNTRD1,243 words
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Page 10 Advertisements
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Advertisement43 1978-01-16 10 The Love of nese S ooking rv i >'/" V Iff .us«# i vt? 'fV< 4 4AV» r> v r, 'V.V J 4 J i e I x i XX agi brV 23 t 5 D X M xa cx *v*»< 311 > 238 cm.43 words
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MONDAY SPORTS
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Article979 1978-01-16 11 WATER-SKIING IN AMERICA The Observer LONDON. Mike Hazelwood, Britain's world water akl champion, took a leap Into 1978 which measured about 48.7 metres and looks like landing him in hot water for most of the year. Mot water may be an exaggeration, but at 21The Observer - 979 words
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Article549 1978-01-16 11 The Observer LONDON: The Football Association's appointment of managers and coaches for the youth, under-21, and B teams is a stride back to sanity and a step forward towards establishing a more representative English This Is a welcome movement after Don Revle's abandonment of anyThe Observer - 549 words
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Article, Illustration557 1978-01-16 11 ERNEST FRIDA - •y ERNEST FRIDA THE underdogs thrived yesterday with upset wins In the Singapore Golf Association league matches. Keppel Golf Club were the first to upset when they beat defending champions, Singapore Island Country Club by four points to two In the F and N league.557 words
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Article713 1978-01-16 11 Agencies BUENOS AIRES, Sun. Mario Andrettl of the United States yesterday funned his Lotus JPB-MK4 to a record lap time to win the pole position for the Argentine Grand Prix auto race. Andrettl will share the front row at today's Formula One race in the Buenos AiresAgencies - 713 words
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Page 11 Advertisements
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Advertisement279 1978-01-16 11 THE AUDIOPHILE He's an inquisitive fellow, what else? And into Hi-Fi. And in The Craft of Sound magazine. What's this thing called an audiophile? He's into hi-fj 4n a big way, of course. And his pipe ana whiskers are for certain. Much else we don't know, but we've crowded quite279 words
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750 1978-01-16 12 UPI Reuter AN AMERICAN labour leader aakl yesterday the US-Japanese trade agreement signed on Friday will help develop fair bilateral trade relations in the future. Thomas Donahue, special assistant to the chairman of the American Federation of Labour and Congress of In- dustrlalUPI; Reuter - 750 words
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586 1978-01-16 12 AP EXPORT restrictions on major sugar-producing countries are expected to be the main point to be discussed by the International Sugar Council when it starts 10 days of talks in London today. This meeting, the first under the terms of the new five-yearAP - 586 words
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Article263 1978-01-16 12 The two Rs by Raja RIGHTS and responsibilities were the theme of a speech given by the Minister for Foreign Affairs, Mr. S. Rajaratnam, at the 25th Anniversary Symposium of the Dune am Road Hostels, University of Singapore, over the weekend. Mr. Rajaratnam pointed out that taxpayers, workers and businessmen263 words
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279 1978-01-16 12 Reuter TAIWAN'S central bank foreign exchange reserves are expected to rise by slightly over US$l billion this year to around US$5.7 billion (Ssl3 billion). High-ranking officials said this follows «imiw increases during the last two years, while the surplus on foreign trade thisReuter - 279 words
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171 1978-01-16 12 Reuter THE US-Japan trade agreecomm unique fat Tokyo will haw little effect on foreign exchange market* hr the time being. Dealer* aaid the entnti of the communique had already been largely discounted by (he market here. la the medium to longer term, however, theReuter - 171 words
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Article175 1978-01-16 12 AFP DATSUN UK accused a director of Toyota (Great Britain) of "irresponsible" and "Inflammatory" statements on the Japanese car lmporters's "gentlemen's agreement" regarding sales to the United Kingdom. In a strongly-worded letter to AD Clark, chairman of Toyota Q. 8., Maxwell Boyd, Datsun UK's director ofAFP - 175 words
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Article54 1978-01-16 12 THE Prime Minister, Mr. Lee Kuan Yew, left for New Year on Saturday for a conference under the auspices of the Aspen Institute for Humanistic Studies. He will be away for a week. During Mr. Lee's absence, Dr. Qoh Keng Swee, Deputy Prime Minister and Minister54 words
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Article31 1978-01-16 12 Reuter THE U8 Agriculture Department said substantial Chinese Imports of soyabean oil may be in the offing for 1977-78 despite indications of a bigger crop in China this year.Reuter - 31 words
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Article, Illustration347 1978-01-16 12 JOHN LIM - •y JOHN LIM BINOAPORE '8 export of luggage and baa of fibre plastic and fibre board for the first 10 months of 1977 increased by 130 per cent compared with the similar 1978 period. Exports rose to 915.4 million compared with 96.0347 words
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484 1978-01-16 12 TERESA LIM - ■y TERESA LIM AFP THE Applied Research Centre (ARC) will hit the maglc-milllon mark this year in the value of the projects It handles, if last year's successes are anything to go by. Popularly called the "government think-tank", the ARC increased the number ofAFP - 484 words
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Article145 1978-01-16 12 AFP THE PHILIPPINE Central Bank plans to borrow US$l.3 billion (813.03 billion) from foreign sources this year. The Philippines Dally Express. quoting official sources, said the borrowings would be both in of* flclal development assistance and commercial loans. Proceeds from the loans will be used byAFP - 145 words
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389 1978-01-16 12 THE FOOD Industries of Malaysia (Flma) and Kedah's State Economic Development Corporation, yesterday signed a Mse million Joint-venture agreement to develop 1,200 hectares of Jungle near 81k. central Kedah, into an orchard to be known as Ladang Flma Perbadanan Kedah. Deputy Prime Minister,389 words
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Article138 1978-01-16 12 A MEETINO of the Oeneral Agreement on Tariffs and Trade (OattHn Geneva Jan 23 will launch a new phase of negotiations to free the flow of world commerce. Oatt officials said the US will be represented by special trade representative Robert Strauss. Japan by Minister for138 words
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Article, Illustration446 1978-01-16 12 SIVA ARASU - h SIVA ARASU TAXI and bus operators In the NTUC'i Comfort cooperative will soon be insured against tuberculosis and heart aliments under the SAT A TB and Heart Insurance Scheme. This was announced by Mr. C.V. Devan Nalr, secretary general of National446 words
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Article, Illustration97 1978-01-16 12 C E Tours going places SINGAPORE C&E Tours, one of Singapore's biggest travel companies, reported a 12.5 per cent rise in its sales of tours and air ticket* last year. Altogether, it reaped >45 million. This was disclosed by Mr. Cheong Kim Hock, the group managing director, at the close97 words
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Page 12 Advertisements
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Advertisement33 1978-01-16 12 TODAY Lunch at OKOH OF GINZA Raft.es Qu, > Fti-'t'r,ric I"oppan V iki Sv.v.>.s' One vind only Rofca'ci >ak o unvr n Cone Gf I" EI TV** 4 i I V OKOH OF GINZA33 words
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Advertisement88 1978-01-16 12 Highly professional sales person An opportunity exists for a person of high calibre to promote SHOWCASE (Singapore's National Export Directory of Products and Services) to manufacturers in Singapore. The successful candidate will be mature, have a good educational background and a proven record of successful selling. Ownership of a car88 words
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