The Business Times, 10 January 1981
1981-01-10
1
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The Business Times
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Title Section11 1981-01-10 1 BUSINESS TIMES M.C.(P) No. 107/1/81 SATURDAY, JANUARY 11, 1181 60 CENTS11 words
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BRIEFLY...
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Article58 1981-01-10 1 Reuter NEW DELHI, Fri, India and France today signed a technical cooperation agreement to set up India's largest integrated aluminium complex in the state of Orissa. Aluminium Pechiney of France will provide technical knowhow and engineering consultancy for the US$l.55 billion project. About 70 per cent of theReuter - 58 words
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Article83 1981-01-10 1 Reuter BRUSSELS, Fri. Inflation in the European Common Market rose to around 14 per cent in 1980, two points higher than the 12 per cent rate forecast last October, the EEC Statistics Office said today. In 1979, the EEC countries had a combined inflation rate of 8.6Reuter - 83 words
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Article55 1981-01-10 1 Reuter LONDON, Fri. Irish guerillas today claimed responsibility for a bomb explosion at an air force centre in London last night. They also took responsibility for other recent explosions in London and for shots fired last month at a senior British official working at the European CommonReuter - 55 words
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Article67 1981-01-10 1 Reuter BEIJING, Fri. The French oil company Total and China Petroleum have started drilling an oil exploration well off the South China coast into what the New China News Sgency today described as a promising geological structure. The agency said the drilling started yesterday in the northeast partReuter - 67 words
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Article65 1981-01-10 1 AP ALGIERS, Fri. An American hostage negotiation team headed by Warren Christopher today again met Algerian officials and worked to draft explanations that will convince Iran that President Carter cannot release billions in Iranian assets blocked by court action. "I think some sections of the message wereAP - 65 words
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Article64 1981-01-10 1 BAGHDAD, Frf. Iraq has reported the biggest battle of the three-month-old war Persian Gulf war raging along three key fronts with Iraqi troops fighting a major counter-offensive by Iranian forces. The Iraqi High Command said yesterday fierce clashes involving armour and infantry with air support continued into the64 words
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Article86 1981-01-10 1 AP JOHANNESBURG, Fri. The white-minority government of South Africa published today draft legislation that would allow all hotels, bars and restaurants if they wished to open their premises to all races without applying for special permission. The proposed amendment to the Liquor Act of 1977 was published inAP - 86 words
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Article138 1981-01-10 1 Rises Indices Metro Hide* Spore Land 780 125 8S0 35 Jan 8 Jan 9 Aabuudor 378 34 B.T. Indicator: *****.*****53.93 Tong Meng Sal Properties PMC 151 1500 1100 31 30 30 Industrials: Finance: 682.46 1313.71 688.71 1312.63 Perils Plast 720 30 Hotels: 782.22 785.63 Bolton 295 28138 words
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Article, Illustration146 1981-01-10 1 Rises Indices M Textile 392 42 Jan 8 Jan 9 *****.63 *****.26 Magnum Per lis Pit 1770 750 40 35 B.T. Index: S Lumber 610 30 Industrials: 848.54 851.74 Malakoff 525 29 Finance 1283.90 1291.30 Bolton 318 25 Hotels: 409.51 409.71 M Credit 342 24 Properties: 748.09 755.53146 words
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Article631 1981-01-10 1 LILLIAN CHEW - EXPATRIATES INCLUDED By LILLIAN CHEW A NATIONWIDE survey involving all graduates working in Singapore will be carried out by the Government from January 16. The Government has commissioned this survey "to formulate plans for the manpower, social and economic needs for the *****." It will631 words
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Article263 1981-01-10 1 KUWAIT has told customers it is raising oil prices by US$4 to $35.50 a barrel, the maximum increase allowed under a new Opec pricing formula, Western oil company sources said in London. Oil sources in the Persian Gulf said that Qatar, another Persian Gulf producer, was263 words
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501 1981-01-10 1 WONG AI KWEI - By WONG AI KWEI HOUSTON-BASED Baker Marine Corporation (BMC) has big plans for its newlyestablished Singapore subsidiary, Baker Marine Private Ltd (BMPL). Besides the recently-se-cured contract with Beijing to make $14 million worth of BMC-designed twin-pin-ion elevating jacks and cranes for China's Dalian yard,501 words
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278 1981-01-10 1 A LEADING Japanese computer maker, NEC Computers, will set up a technical support centre in Singapore at the end of the month to strengthen its back-up services for its regional customers. The centre will be housed in the World Trade Centre and will278 words
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258 1981-01-10 1 SHAKE prices eliwi the week at Its highest level yesterday after aa aneectala first-half aaaslea. Deflated by mwi af a lft-prfa* Is the Dew Imb«, hat hsaatod hy a 18 I paiat rise la the Bug Seag, the leeal market drifted aacertalaly fer258 words
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468 1981-01-10 1 HSUNG BEE HWA - By HSUNG BEE HWA THE ASEAN Committee on Industry, Minerals and Energy (Coime) will discuss a new set of guidelines on Asean joint-ven-ture projects when it meets in Kuala Lumpur next week. The guidelines were endorsed by the Asean Chambers of Commerce and468 words
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Page 1 Advertisements
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Advertisement18 1981-01-10 1 11' Kl r W f— 3 FfrV*''* 'iM* p*i> i'ii.l»iw| Lrutt' i trdrt 1 ■i' "i.'l 'i SEE18 words
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Advertisement65 1981-01-10 1 ~((.>-=<<$'_`+===\>`,,:&?>}~\`\ LEISURE TIMES MRSUHSHI M| Mi ttet wife MIXED rmHkm to UOB grwip Orytor S tr—rfer eia—r US evreat iwiut nrpla* ex- GROWTH mt CMC expected to peetoi to rto S «tow dewa U AUSTRALIA'S etenemle lit- BUMIPUTRA itmalt hail iMk hrtekt to receive Mslk 12 to UOB grs«p CROSSWORD65 words
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Advertisement236 1981-01-10 1 Companies Activities. Key Personnel. Agencies The Straits Times DIRECTORY Of Singapore (Buku Merah) I] Aseans most immediate external threat is now Vietnam Ike Vietnamese invasion of Kampuchea early last year, following the tall of Saigon m 1975. has raised Asean concern about Vietnamese ambitions m the region This worry was236 words
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TRADE AND INDUSTRY
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Article543 1981-01-10 2 RICHARD SEAH - By RICHARD SEAH A LEADING Japanese chain manufacturer has invested more than $7 million to manufacture high grade chains in Singapore. Showa Chain (S), a joint venture between Showa Chain Manufacturing of Japan and a locally-based Japanese company, will be Singapore's first manufacturer of high grade543 words
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Article, Illustration398 1981-01-10 2 EXPECTED ARRIVALS TODAY KEPPEL WHARVES Beauty Blue (1300 tide after Soon Churn Subject Free Board) 19 Builder (after Builder II) 22 Equator (after Hwapyung Bee) 23 Golden Sea 07 (Tanker) (1200 after Joo Hong Subject Gas Free P/O) 13/14 King Luck (after East Rainbow) 45 Logistic Ace398 words
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Article, Illustration161 1981-01-10 2 CATERPILLAR Far East will be displaying its logging equipment at Wood '81 to be held next week. Caterpillar will highlight a D6D special skidding arrangement tracktype tractor, a 528 skidder, a 90OC log loader, a 3412 TA packaged generator set, a D 399 generator set and a 3306T161 words
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239 1981-01-10 2 THE Science and Technology Park now being developed will have research and development facilities for fields as varied as engineering, computer science, medicine and food. The January issue of Science and Technology Quarterly discloses that the research and development facilities will include: wafer diffusion and239 words
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Article323 1981-01-10 2 MORE traditional Chinese trading companies are gradually seeing the advantage of diversifying their businesses. Kwang Yeow Heng, a family import and export company in Singapore for nearly 15 years, has recently gone into manufacturing and warehousing. The company, set up by three brothers, Ngan Tang Joo,323 words
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Article350 1981-01-10 2 MORE than half of the visitors to Machine Asia/ Metal Asia 80 exhibition last month were trade visitors who were either buying equipment or making enquiries. This was revealed by a visitor survey conducted by Survey Research Services during the five-day exhibition. The survey also revealed that350 words
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362 1981-01-10 2 A GROUP of timber equipment manufacturers from the United States will be in Singapore for a five-day visit from Monday in conjunction with the Wood 81 Exhibition at the World Trade Centre. Several of the manufacturers are keen to meet prospective agents and distributors,362 words
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Article190 1981-01-10 2 MANUFACTURERS in Singapore will have an opportunity to keep in touch with developments in packaging and to learn how to use packaging to their advantage. The Packaging Council of the Singapore Manufacturers' Association will be organising a seminar, Packaging for Export in the 1980s, on Jan 30190 words
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Article, Illustration75 1981-01-10 2 NORDIC Bank Singapore branch has promoted Edmund Tai Kwok Wah as manager (treasury and foreign exchange). Mr Tai, aged 31, joined the foreign exchange department of the branch in May 1975, and was promoted assistant manager in April, 1979. Mr. Mtefcael Lim Thlam Gui has been appointed75 words
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Article303 1981-01-10 2 SEMINARS AND COURSES Jan 10: Modern Secretary's Workshop, Waterloo Centre, Personnel Organization Development Jan 10,17,24: The Secretary in Management Today, SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute of Management Jan 12-13: Systematic Staff Selection, SIM Conference Room (3rd floor, Thong Teck Building), Singapore Institute of303 words
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Page 2 Advertisements
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Advertisement30 1981-01-10 2 il e^f n «\9« e ante*?! A to? v <4 2 V "V r- 4 V r&SJi «r* A .wj r-» Distributed by Now available at all leading bookshops. r30 words
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REGIONAL
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Article246 1981-01-10 3 AP CHAIRMAN Hua Guofeng of China is very likely to be named a vice-chairman after he is forced to resign the top job at the next central committee meeting of the Chinese Communist Party. Diplomatic sources in Beijing said general-secre-tary Hu Yaobang, currently the chairman inAP - 246 words
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146 1981-01-10 3 Reuter A spokesman for the Indonesian Chamber of Commerce said yesterday the government should persuade Japanese businessmen, who set up joint ventures in Indonesia, to do so with indigenous rather than non-indigenous Indonesians, meaning the Chinese. Speaking to reporters on the eve of JapaneseReuter - 146 words
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Article135 1981-01-10 3 AFP FOREIGN Minister Carlos Romulo of the Philippines said yesterday Japan needs to extend financial assistance to Asean to ensure its own national security. In a talk with newsmen following his two-hour meeting with his Japanese counterpart, Masayoshi I to, Mr Romulo said there is a symbiotic relationshipAFP - 135 words
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513 1981-01-10 3 AP DESPITE an official trade ban, Taiwanese exports to China are booming through Hongkong's back door. In the first 10 months of 1980, re-exports of Taiwanese goods to China through Hongkong jumped more than 1,200 per cent compared with the same period in 1979. TheAP - 513 words
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388 1981-01-10 3 AFP TWO major mineral exploration projects will be carried out in Sarawak in the next five years, Malaysian Deputy Primary Industry Minister Bujan Ulis said. The first project, to be carried out by the Geological Survey of Malaysia, Sarawak, is the evaluationAFP - 388 words
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285 1981-01-10 3 Reuter AUSTRALIA'S arbitration commission yesterday awarded the country's six million wage and salary earners a 3.7 per cent rise but its decision was immediately attacked by workers, employers and the government. The commission meets every six months to make pay awards aimedReuter - 285 words
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564 1981-01-10 3 Agencies MITSUBISHI Motors has apparently deckled to end its ten-year affiliation with Chrysler of the US, pulling out another underpinning of the American car maker's shaky financial foundation, industry sources said yesterday. In the latest development, Japanese news reports said Chrysler has rejected US$lOOAgencies - 564 words
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THE REGION IN BRIEF
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Article395 1981-01-10 3 Agencies THE US Export-Import Bank announced yesterday that it will finance US goods and services for Phase II of the $2 billion Korean telecommunications network expansion programme. The bank said the project is vital in helping South Korea meet the accelerating demand for telephone service. Western Electric ofAgencies - 395 words
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Article122 1981-01-10 3 AFP SOUTH Korea's long and short-term foreign debts stood at U5526.5 billion at the end of last year. During last year alone, Seoul paid back a total of $3 billion (including interest), and this year's repayment is expected to be over $3.5 billion. On the otherAFP - 122 words
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Page 3 Advertisements
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Advertisement124 1981-01-10 3 THOSE WHO KNOW DRIVE x K fl /H 91 t. 0 9i n )A9l 1 A new dimension to prestige motoring... affordable luxury. Superbly appointed, magnificently finished, a prized possession amongst fine cars. A I msw •-'.I m' •r 7 a < n v Jgfl W 404 ASIA MOTORS we124 words
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RAW MATERIALS
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440 1981-01-10 4 RUBBER prices in the period Dec 18 to Jan 8 continued to decline to 277 cents a kilo for current One RSS, the lowest since last May, before making a sharp recovery of eight cents. Overall, trading was very thin and dominated by the440 words
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Article146 1981-01-10 4 SOYBEAN futures in Chicago on Thursday ended near the bottom of a 13 cent range, down 13V4 to seven cents a bushel in revived trade. Slack pending export business, general lack of buying interest, the firmer US dollar and concern over the possibility of a strike in Poland over146 words
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Article223 1981-01-10 4 THE market closed firmer with February One RSS buyers quoted at 293.50 cents a kilo, up 5.50 cents from Thursday's close. The morning market gained five cents on higher overnight London advices, sellers reserve, covering interest and trade and speculative buying. Prices rose half a cent in thin afternoon223 words
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Article299 1981-01-10 4 RAS prices In cents per kilo yesterday: Noon (per kilo) Buyers Sellers Int. 1 R.S.S. prompt f.o.b. 291.00 292.00N Int. 1 R.S.S. February 233.00 293.50 Int. 1 R.S.S March 236.50 398.00 Int. 2 R.S.S. 2T6.00 277.00N UK/Coot 275.00 2W.00N Int. 3 R.S.S. 273.00 274.00N UK/Coot 272.00 273.00N Int.299 words
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Article103 1981-01-10 4 NOON SSI 11 and SMR prim ym Mrdajr ■AS Fabntrr iCirml Mtk) March (Forward Mtk) SSR20 SSR50 MKliB (1-lon pallet) (1-ton pattM) Mynrs 280 SO 348.S0 ■uora 282. SON 248.S0N MJtrt m 262 50 24&SO Mrs 264 .SON 280 SON SMRCV SMRL SMR 6 SMRGP SMR 10103 words
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Article80 1981-01-10 4 THE STRAITS til priee In Peaug yesterday fell 24 ceato to RQILS4 a Idle tort «u still within the laternnttonal Tla Agreement's middle range ef $91.11 to $SLW, dealers said. The tall was malaly attrlbated to toereased turnover and cen tinned weakness sf storting against the Malaysian dellar.80 words
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Article35 1981-01-10 4 Rubber: Jan 9 Singapore: February: 293.50 cents (up 5.60 cents) Malaysia: February: 311.00 cents (up 5.25 cents) Tin: Ms 3 2.54 per kilo (down 24 cents) Official offering: 213.5 tonnes (up 57.5 tonnes)35 words
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Article111 1981-01-10 4 WHEAT futures in Chicago on Thursday closed at or near day's lows, down 7Vt to 12 Vi cents a bushel in mostly local trade. The market was on the defensive from the start in reaction to additional contract cancellations by fWn» and slack pending export business. Floor talk of111 words
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Article174 1981-01-10 4 CHINEBB PrHiee Exchange, angapave, etataf fried per IN kg yesterday. Cinaat ail: Bulk fob $129.00 teller*, old drum (In second hand drum) fob $139.00 sellers, new drum fob $145.00 sellers. Capra: Mixed (loaae) $79.00 buyers. Fsppsr: Muntok white pepper (ob Asta NLW $432.50 sellers, Sarawak white pepper faq174 words
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Article193 1981-01-10 4 YARN and cotton prices were quoted as follows in Hongkong yesterday: (In HK dollars, spot ex-go-down) Gotten yarn: China Blue Phoenix 20s unq; 32s 2,685, 40s 2,920 (per bale of 400 lbs). Pteeo gseds: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly193 words
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Article331 1981-01-10 4 SNGAPOBE: Yesterday's closing prices in SI per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.15, 100 per cent second class 0.96, 100 per cent third class 0.95, 25 per cent new crop no stock, B-10 per cent 0.82. THAI BROKEN: A-super 0.77, Special 0.75.331 words
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Article872 1981-01-10 4 COFFEE: Robusta futures yesterday ended an extremely quiet morning session £1 lower to £4 higher in a volume of only 124 lots. Dealers said the market opened slightly lower in line with New York overnight and fluctuated narrowly in the absence of fresh news. Arabica futures opened US$2872 words
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Article123 1981-01-10 4 THE Kuala Lumpur market held steady despite its weak underlying sentiment and quiet trading, dealers said. The Indian purchase of refined bleached deodorised palm olein at around US$577 a tonne failed to boost conditions. In January, the central region was traded at Ms9oO a tonne and in March,123 words
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ASIAN STOCKS
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484 1981-01-10 4 TOKYO SHARE prices rose sharply yesterday in active trading, with the market average closing up 25.99 at a new record high of 7,248.13 (or the third consecutive day, dealers said. Trading volume was a heavy 550 million shares as foreign investors and corporate investors484 words
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Article397 1981-01-10 4 THE market opened lower, but firm on the tail of Thursday night s drop In the Dow Jones. Early buyers were soon swept away under a wave of selling. Buyers stepped in at lower levels and trading was mixed during the mid-morning Buyers gained the upper hand towards 11am397 words
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Article299 1981-01-10 4 PRICES yesterday fell back to pre-new year levels following further selling is resource shares, dealers said. The oil sector saw some oI the market's steepest falls and leading producer, BHP, dropped to Asl€.lo to help depress the Australian all ordinaries index 6.3 points to 712.1 for a two-day loss299 words
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Article252 1981-01-10 4 STOCK prices yesterday closed slightly lower in slow trading, dealers said. First Trust, Siam Credit and Mah Boonkrong Drying and Silo fell one baht each to 57 JO, 81 JO and 179, while Jalaprathan Cement and Rama Tower closed unchanged at 111 and 82.50 baht respectively. JAN 09 Bahts252 words
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Article154 1981-01-10 4 TRADING yesterday was mixed as commercial-mdus-trial and oils remained firm, while mining eased and turnover rose to 3.5 million from 2.5 million pesos, dealers said. Basic Petroleum, Oriental B, Phil Overseas and PLOT closed strong, while the lone loser was Marsteel. The rest were un traded and unchanged issues.154 words
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Article50 1981-01-10 4 FINANCIAL TIMES INDUSTRIALS Thursday 458.3 Wednesday 480J2 Week Ago closed DOW JONES AVERAGE INDUSTRIALS Thursday 988.10 Wednesday 980-86 Week Ago closed HJLHANG SENG fridfiy 1806.63 Thursday 1570.04 Week Ago 1584.86 AUSTRALIAN INDUSTRIALS Friday 888J Thursday 870.2 Week Ago 881.1 ALL ORDINARIE8 rrtday 711.1 nHnkv TIM Week Ago TIE*50 words
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Page 4 Advertisements
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Advertisement231 1981-01-10 4 AN INVALUABLE GUIDE to the banking, finance and insurance community V.5U.:v -r% W S .;-v »< V 1 1 1. i' j i>> V•; > r" ~'Jjfrw > -J *>/ A t WJcl -t'f.' v-v V'' s 1 v. V*- >.;."•> i sb;«jaB s 5 lx"j x& m :<nj A231 words
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OVERSEAS
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507 1981-01-10 5 NYT ABOUT 26 Soviet army divisions, well over a quarter of a million men, are marking time in East Germany, Czechoslovakia and the Soviet Union, along the Polish border. Analysts interpret this mobilisation as Moscow's warning to the Poles that any perceptible weakening ofNYT - 507 words
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WORLD IN BRIEF
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Article317 1981-01-10 5 Agencies THE confidence of business executives in the US economy rose sharply in the fourth quarter of 1980, according to a survey by the Conference Board. The board's index rose 14 points to 63, the highest level since second quarter 1977 and 34 points above the record lowAgencies - 317 words
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Article779 1981-01-10 5 ARRIVALS Service Local Operator Number Time From PAA PA006 0030 JEK/SPO/HKG MAS MH601 0630 KUL CAL CI331 0700 TPE FT FT71 0710 JFKORD/KUL SLA SQ101 0815 KUL MAS MH605 0630 KUL MAS MH621 0635 PEN MAS MH671 0930 KUL SIA SQ2U 1000 HLP CAL CI814 1000 HLP779 words
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156 1981-01-10 5 Reuter. ISRAEL'S coalition government was headed for almost certain dissolution yesterday after two senior ministers threatened to resign over their opposing views on the granting large wage increases to schoolteachers. Finance Minister Yigael Hurvitz has called for a freeze on teachers' pay while Education Minister ZevulunReuter. - 156 words
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482 1981-01-10 5 AP THE United States's current account the broadest measure of economic transactions abroad should register about a US$lO billion surplus this year, a high-ranking treasury official predicted. That would about double last year's expected surplus, said Assistant Treasury Secretary C. Fred Bergsten. The currentAP - 482 words
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183 1981-01-10 5 Reuter STANDARD Oil of California plans a worldwide capital and exploration spending of US$4.2 billion this year. This is 20 per cent more from last year. The company said it plans to invest $2.9 billion in the US, up 30 per cent from 1960.Reuter - 183 words
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352 1981-01-10 5 AP A SPECIALIST on strategic trade between the US and the Soviet Union has urged the incoming Reagan Adminstration to cancel expart licenses granted to two American companies for a gas pipeline from Siberia to West Germany. Mr Miles Costick, president ofAP - 352 words
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Page 5 Advertisements
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Advertisement167 1981-01-10 5 4? K A -f-* r r W M Substribe to Business Times nom and get 41 issues free Subscribe to Business Times directly and save $25 (It's like getting 41 issues free) Here's a great opportunity for you to join the increasing number of Business Times readers who subscribe directly167 words
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Article384 1981-01-10 6 THE GOVERNMENT should be applauded for launching such an ambitious survey to help it draw up a master plan for Singapore in the 80s. However, for the survey to be meaningful, effective and accurate, the Government will have to rely on each and every individual to384 words
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Article215 1981-01-10 6 CORPORATIONS stand out by their superior philosophies. And among companies in Singapore, NEC is certainly one of the few which stand out. Just a year after it started marketing a new range of computers here, the company has decided to set up a technical support centre215 words
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Article, Illustration932 1981-01-10 6 BARRY MOODY - By BARRY MOODY Reuter AUSTRALIA (aces a bright economic outlook in 1961 as its resources development boom takes off, in sharp contrast to most Western countries. Australia stood out as one of the few bright spots in last month's Organisation for Economic CooperationReuter - 932 words
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Article102 1981-01-10 6 L.M. WAN - Letter to the Editor L.M. WAN MANAGES, PURCHASING FAIRCHELD SINGAPORE Dear Sir Please refer to your article "HK refiner of precious metals sets up office" by Ruth Cheng on Dec 30, 1900, wherein it was stated that we are a client of Zenith Refinery (1977) in Singapore. This102 words
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Article736 1981-01-10 6 ROBERT METZ - FORUM, with ROBERT METZ NYT MEXICO is using profits from its government-owned and highly productive oil industry to raise the national standard of living. At the same time, it is trying to create opportunities for foreign investors. Mexico's plan calls for real annual growth of 7ViNYT - 736 words
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Page 6 Advertisements
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Advertisement322 1981-01-10 6 ACQUIRE COMMERCIAL and PROFESSIONAL QUALIFICATIONS through (L T-T LONDON Correspondence College Pitmans the oldest correspondence college in UK has since its foundation in 1840 been guiding, tutoring and leading students from all over the world to commercial and professional qualifications that have opened doors to successful careers. Vou too can322 words
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Page 6 Miscellaneous
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Miscellaneous1165 1981-01-10 6 Entertaining documentaries ■ay prwe to be Bare eatertalatog that what SBC to efferlag far "eatertalaIto first, A Skip Ctmtm Stmt, is akaat the e—ftoattfes «f an i era aeeaa traaspartattoa the exacttag —MUM, expert ttmlag, sf wind aad eaireat. It starts at IJS (Chaaael 8) aad to toe riwrt to1,165 words
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590 1981-01-10 7 FOX BUTTERFIELD - FOX BUTTERFIELD PICTURE this nursery school scene: 10 one-year-olds are squeezed next to one another on a bench, with their backs against a wall. They sit motionless. None cry, push or shove. A woman attendant takes a small windup toy chicken out of a590 words
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Article, Illustration977 1981-01-10 7 RYUNOSUKE IORI - More and more women in Japan are becoming alcoholics. The Japanese-speaking Alcoholics Anonymous Organisation estimates that one out of every 10 alcoholics in hospital is a woman. Another survey shows that for every 11 cases, one is a woman. RYUNOSUKE lORI reports. RYUNOSUKEDepthnews - 977 words
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Article, Illustration1708 1981-01-10 7 FOX BUTTERFIELD - By FOX BUTTERFIELD NYT TWO blocks from the eastern wall of the Forbidden City, the ancient residence of China's emperors, is a plain, modern fivestorey building. Its large plate-glass windows are curtained to shield its interior from passers-by. The only clue to its identity is a smallNYT - 1,708 words
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Page 7 Advertisements
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Advertisement609 1981-01-10 7 i Aykfcl la!& <r> Z°M w \X* &SM MACKENZIE Andrea Newman They loved him. They hatad him Jean, hit wife, who felt things were really quite simple she wouldn't share Mackenzie with anyone. Cool, seJty Diana, the blonde model-flirl who imagined that making love would solve everything. Ruth, who could609 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article262 1981-01-10 8 JAN 08 Frs CORBEILLE Air-Uquide 480 -8.5 B 8 N Grrvau Danone 903 -7. CSF (ThomsonCsf) 375 -10 Cte Francaise ties Petroies ***** -T.1 Compagnle Flnanciere Compagnle Generale 380 -4 Credit Fonder De France 368 -5 Hachette (Librairie) 340 unch Machines Bull 51.80 880 -0.5 Michelin (B) -5 Paribus262 words
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Article209 1981-01-10 8 JAN 0* Dm Aeg-Telefunken TO JO -02 Aluo 16 JO -0.1 AIU Leben tosaoo unch AIU Vers 475.00 2 BASF 124.10 -03 Bay H T Wbank 214.00B Bay Vh«nk 300 00 I Bayer 111.40 -0.2 BW 261 00 BMW 1JU0 Cassella 301 00 .1 Chem Verw 23S.OOB -123 Commerzbank209 words
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Article89 1981-01-10 8 JAN 08 Prs FORWARD MARKET Hfff 280 .5 Arbed 1240 -10 Astur 348 4-2 Rn»«r»n 860 -4 Rru-l^mh 1006 46 Canpac 1134 -8 Cock 156 -4 De Bms 318 -8 1575 Decttotwl BOO 4*10* Gb-Inno-Bm 3015 i« -5 rw M80 -20 Mm 8000 +8 Ryl Dutch 3040 .4 SIdro89 words
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Article188 1981-01-10 8 JAN 06 FU ARN 283.00 -6 Ahold 74.00 -13 Akm 17 90 0.2 AMEV 94.00 -0.7 Am fas 116.00 1.2 Amrobok 57 JO -1.4 Bergoss 18.50 unch Berk 48.50 -18 Bols 57.90 -0.1 Borsumij 208.00 >1 Burhmann 58.50 •f 02 Byenkorf 38.00 -2 C aland 2S20 unch Calve Delft188 words
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Article182 1981-01-10 8 JAN 0* Franc* Aouons Suiim 207 Alusuisse Br 1116 Alusuiue Rrf 446 Brown Bowl Br 1500 Clba Geigy Br. 1000 Clba Oelgy P C 70S C1t» Oetty Rh ifb Credit Suisse Br 2715 Credit Suisse Ret 406 Elektrowatt Br 2000 George Fischer Br 755 Olobus Pr 3S0B -I -4182 words
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Article104 1981-01-10 8 JAN 08 Urr Anlr S 40 01 Aaaoc Gen *****0 1520 Baslogi 805 14 5 Central* •100 rut i|40 |4j Firmder 78 50 0 25 Gen Immob 2430 •10 IFI Pri 3787 -23 Ilalremenu ***** -108 I taiga* 1770 120 llaliider 283 -1 Magnetl M Pf 888 Marelll Ere104 words
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Article218 1981-01-10 8 JAN 08 C AKitlftu 24 unch Alcmn W. 37 A1 go ma Bank Mont Bank Nova Soot la RHI T»l B'.' J??" 1 !•'< BrUi Corp RP (in t m 37'. ♦<, 35'. Bnuran Camp Red Lake I Can Imp Bk i ■ft'. -3', TV. .i, Canpac < IIS218 words
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Article313 1981-01-10 8 JAN OC Rand INDUSTRIALS A Alph. 430 5 Aberrom J35 AE And CI AUIC >70 2100 unch Barlows 1100 -30 Cf Sugar CN A Currte Finance De Beers Ind ZZ 530 23SB W0B 10 unch Edcon 050 Edgars 8700B Eve ready Fed Vol It 500 io Fugit 240 Gardian313 words
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Page 8 Advertisements
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Advertisement68 1981-01-10 8 Where to wine, dine and entertain Snacks for your island treks mm* t 5> Take your pick: Curry Puff Chicken Pie Gateau Cake Hot Dog Hamburger Sandwiches Roast Beef 4 Bun Pack Lunch Open: Monday Friday 10.00 a.m. 6.00 p.m. Saturday, Sunday k Public Holidays 8.00 a.m. —6.00 p.m. St68 words
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Advertisement126 1981-01-10 8 iJ JAPANESE RESTAURANT For sushi. For teppanyaki. For other authentically Japanese delights. Open daily 12 ru>on 3 p.ni. 6 30p m —10 30p ni. For restorations call 7379h77 j i. H 1 (< 111 I l*\ I'l I I'k Kl) 111 >1 I I If H >I*l FISH HEAD CURRY126 words
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Advertisement95 1981-01-10 8 See Page 9 for NYSE prices and Page 4 for Asian stocks The Great Family Do-K-\burself Barbecue. i fy". 1 \U <!£' A Merlin Grill Speciality From Mongolia comes a barbecue more succulent, more delicious than any barbecue you have ever tried before Only at the Singapore Merlin. Lunch from95 words
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Advertisement146 1981-01-10 8 Inn Of Happiness ■r <zr< The Inn of Happiness brings together the best of two culinary worlds. Two kitchens. Two chefs. All to double your dining pleasure, with that famous Hilton service. For reservations, please call 737-2233. |fl| HUON MTERNATIONAb BMGAPORE Dine in the grand tradition of emperors. V VV146 words
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Advertisement109 1981-01-10 8 1» A v* 1? r Victoria Bar The Coffee-House Relax in an atmosphere of For informal meals and elegant days gone by. light-hearted snacks o Oxley Rise/Penang Road. Singapore 0923 Tel: *****11 (20 lines) Cabie: COCKPIT Telex: R*****6 XT restaurant m m p*S! i;: Charming Garden Special Beef"* Don't miss109 words
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BANKING AND FINANCE
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Article426 1981-01-10 9 THE US dollar weakened for the greater part of yesterday on news that other US banks have lowered their prime lending rates. This was, however, later discounted by the market and the dollar rallied slightly towards the end. From an opening of 2.0860/70 against the local dollar, the426 words
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Article50 1981-01-10 9 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Jan 12 to 15: Offered: $50,000,000 Applied for: $96,500,000. Allotted: $50,000,000. Accepted bids: $96.29 approximately 44 per cent and higher bids in full. Avenge rate d discount en allotment: 6.825 per cent per annum.50 words
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Article22 1981-01-10 9 THE average rate at which major Singapore banks are currently prepared to lend to their best customers is 14.4 per cent.22 words
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Article173 1981-01-10 9 ASIAN RATES ASIAN currency deposit interbank rates as at close on Jan 9: 7 days 20% 20 1 month 21 20% 2 months 19% 19% 3 months 18H ISM 6 months 1? 18'* months 1513/*****1/16 12 months 15% 15% 8w.Fi*. Dm. /1C1XJ1. A_1 v 1 month 3 months 6 months173 words
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Article45 1981-01-10 9 RANGE of prices oflered by discount houses on Jaa 9: Overnight: 7%% Call deports: 6%% to 7%% Clsstaf BejtaC 8*Uiaf 3-month Treasury bills 6% 6% 3-month Bank bills 13% 13% 3 months CD 12% 12% 6 months CD 127/16 125/16 Source: National Discount Co45 words
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Article39 1981-01-10 9 FRANKFURT exchanges opening quotes on Jan 9: US -1.9678/88 (1.9800/10) Stg 4.722/728 (4.706/715) Can —1.6570/89 DFl 91.91/92.03 S Fr 110.53/69 Lit 2.103/08 F FT 43.17/24 N Kr 38.15/21 B Fr (coo) 6.212/19 B Fr (fin) 6.193/203 Yen 0.9730/5039 words
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Article1324 1981-01-10 9 NEW YORK STOCK MARKET THE AFTERSHOCKS of a sell recommendation by Joseph Granville that rattled Wall Street on Wednesday sent stock prices on Thursday sharply lower again but on much lower volume. Analysts said investors continued to take profits in oil, defence and technology stocks which posted strong1,324 words
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Article287 1981-01-10 9 SINGAPORE gold futures yesterday closed generally higher on some local buying interest influenced by firmer overseas gold markets, dealers said. Trading however was thin with total sales for the day recorded at 87 lots while volume for kerbs was at 133 lots, they said. February closed stronger at U5J506.50/587J0287 words
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Article39 1981-01-10 9 Ttmn Wmi New York 15 JOB 15.40B 15J0S 13.706 Zurich 15 JOB 15 MB 1970S 14.008 Prt 7\in Singapore 15.40B IS .JOB 15.80S 15.70S Owing prk m in US dollars a troy ouao Source: Credit Suisse, S'pore.39 words
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Article228 1981-01-10 9 THE dollar continued to react to changes in Eurodollar rates, opening in quiet trading above Thursday's finish but slightly below New York's close. After opening at 1.9696/ 9705 marks from Thursday's close of 1.9625/36, the dollar rose to 1.9720/30 marks, supported by firmer Eurodollar interest rates. However, they noted228 words
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Article171 1981-01-10 9 THE dollar for overnight delivery yesterday closed firmer at 202.30 yen, compared with a 202.10 opening. This was up sharply from a 200.40 yen close in Tokyo on Thursday. Trading was active, with volume US$977 million. The dollar steadied between 202.15 and 202.60 in moderate late trading, on limited171 words
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Article177 1981-01-10 9 THE morning strength of the US dollar in Asia began to wane yesterday with the entry of the Middle East operators as Eurodollar rates began to weaken. In late, moderately-active trading, the US unit was quoted at 1.9697/9702 marks compared with the 1.9727/32 seen earlier in the day, and177 words
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248 1981-01-10 9 THE BANK of Tokyo will be issuing US$75 million of 10year floating rate notes through its wholly-owned subsidiary in Curacao in both the Asian and Eurodollar markets. Issued at par and unconditionally guaranteed by Bank of Tokyo, the notes will be listed on the248 words
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Article159 1981-01-10 9 Reuter. THE ASEAN Banking Council will hold its ninth meeting in Bangkok next week to finalise proposals to establish an Asean Finance Corporation and the Asean bankers acceptance market. The Thai Bankers Association, which Is organising the meeting, said in Bangkok yesterday that Asean FinanceReuter. - 159 words
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578 1981-01-10 9 RUTH CHENG - By RUTH CHENG OFFICERS of the United Overseas Bank (UOB) group are receiving with mixed feelings the transferability clause in the new collective agreement Just signed between the bank and the Singapore Bank Officers Association (SBOA). The clause provides that staff within the578 words
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454 1981-01-10 9 ALVTN TAT - ALVTN TAT TWO LOCAL BANKS are putting more emphasis on the career development of their staff and have plans to upgrade their in-house training facilities. The banks, United Overseas Bank (UOB) and Industrial and Commercial Bank (ICB), are in the process of454 words
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Article129 1981-01-10 9 PETBONAS, Ike Malaystaa aattoaal oil eempaay, has the talk st Ms savtogs UtaWng Ms 4 Mlllea to taaks within the eaaatry. Revealing this 1b Dewaa Negara «1 Tharaday, Malaysiaa Prime Mlateter Datak Haaaeia On saM the savtags will for devetopmeat parpaaea tkraagh the parehaae of baads aad secartties.129 words
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210 1981-01-10 9 AP THE BANK of China has anounced that it will withdraw surplus currency from circulation and tighten credit controls in an effort to reduce over-issuance of money, rising prices and inflation. The decision was made at a meeting of the major branches of theAP - 210 words
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Page 9 Advertisements
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Advertisement39 1981-01-10 9 JO s c r I sV, Distributed by NEW from HAMLYN PAPERBACKS r r V. vLMim "V T| tit V* :>C rFEDERAL PUBLICATIONS Miiuiiuiranmn• urt* 1 N'.' a Industrial Road. Singapore 1953 A member o* the O- jt •<.- V39 words
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1948 1981-01-10 10 BID and offer prices officially listed and business in and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown in brackets in lots of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL A COMMERCIAL Acma (3.248)1,948 words
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Article158 1981-01-10 10 MNQATOBK UNIT TBI IT OCJB-MOWT AOl) The Commerce 3 34 3.51 (Miniwr MM Mr aai n a lz) I'mon We Fund 133 LM The Savings Fund S'pore Prof Fund S pore Sec. Fund S'pore Invest Fund S'pore Equity Fund AMA UNIT 1 JESTa*Mai Prof Fund VU1 Security Fund158 words
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Article2732 1981-01-10 10 Gr*s Gr's Net 1980/1981 Company Last Div Div YTd P/E Vol Dn High Low Sale +or- Cyt COOO) High Low SECTION ONE INDUSTRIAL COMMERCIAL 372 245 Acma 320 15.0 23 43 123 300 220 Alcom 300 12.0 23 4.0 17.0 149 116 Allied Choc 135cd 3 4.0N2,732 words
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Article2042 1981-01-10 10 BID and offer prices officially listed and business in and re- -> ported to the Kuala Lumpur Stock Exchange yesterday with the number of shares traded shown in brackets in lots at 1,000 units, unless otherwise specified. raXBISULfI Atemm (2.835) (1) IB (5) 2M AMD (1.14B) (I)2,042 words
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Article, Illustration699 1981-01-10 10 THE stock market yesterday Mew M aad mU tlMg wtth Pram a mixed marateg iniii, the market leaded easier at aaaa m It earreeted M nvbNght pirttlia. Bat SMtlmMt picked ip ■trsagty la the tost hear as a spirited rally swept thraagh the market.699 words
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Article584 1981-01-10 10 A BURST of buying activity towards the noon close galvanised market sentiment and enabled share prices to recover ground on the Kuala Lumpur stock exchange yesterday. The bulls were particularly active among selected lower-line issues which continued to attract keen support to close above their584 words
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COMPANY NEWS
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Article, Illustration1463 1981-01-10 11 CATHERINE ONG - Slowdown in growth expected at C C By CATHERINE ONG CYCLE A Carriage does not expect the exceptionally high growth in the Singapore and Malaysian car markets in 1960 to continue this year. Chairman Chua Boon Peng said in its annual report that although growth will be sustained in Malaysia,1,463 words
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489 1981-01-10 11 Market Talk... BOUSTEAD Holdings' debtfree balance sheet coupled with its ability to generate substantial cash flow will stand the group in good stead. Its healthy financial position should enable it to maintain its high growth rate from its existing operations and any future acquisitions.489 words
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Article270 1981-01-10 11 A LEADING American insurance broking firm, Frank B Hall Overseas, has accepted an offer from H«ag Leeag Credit to take a stake in the equity of its subsidiary Benar Insurance Brokers. Frank B Hall will acquire 29 per cent of Benar's issued capital which will reduce while Hong270 words
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459 1981-01-10 11 THE sharp increase in fuel prices last year took its toll on most chemical companies which consequently reported slower growth rates or reduced profit. Chemical Company of Malaysia (CCM) was no exception with a 7.1 per cent drop in pre-tax profit for459 words
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Page 11 Advertisements
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Advertisement202 1981-01-10 11 a I Ult I f! mi rt; im h II u ii H t$ fe g imun 0 Ej *P -v rr jfcr *ii- itjp?*" v •> > v. w M J -T o A > Ik V Vi nK "4 4* TV r m a r <o f <202 words
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212 1981-01-10 12 UPI RUSSIA has launched a submarine twice the size of the largest attack submarine in the US arsenal, it was reported on Thursday night. The Washington Post newspaper, quoting navy officials, said the new Russian submarine, armed with Cruise missiles, will make American aircraftUPI - 212 words
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Article, Illustration483 1981-01-10 12 AFP JAPANESE Prime Minister Zenko Suzuki yesterday pledged in Manila that Japan would do its utmost to bring Vietnam to the conference table and strengthen the Asean economies so that no outside nation can exploit any conflict in the region. Mr Suzuki madeAFP - 483 words
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Article207 1981-01-10 12 UPI ISRAELI cabinet officials and government aides predicted yesterday that Prime Minister Menachem Begin will resign on Tuesday unless he resolves a teachers' wage dispute that has caused the defection of a key minister and his vital votes in Parliament. An isolated and disappointed BeginUPI - 207 words
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Article152 1981-01-10 12 Reuter THE West German economy grew by 1.8 per cent last year compared with 4.5 per cent in 1979, according to provisional official statistics. The Federal Statistics Office said the economy weakened sharply in the second half of last year, with real growth in theReuter - 152 words
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314 1981-01-10 12 Reuter INDONESIA will turn out heavy security for Japanese premier Zenko Suzuki's visit today but no trouble or serious demonstrations are anticipated, a Jakarta police spokesman said yesterday. A Japanese embassy spokesman in Jakarta said two Indonesian students were briefly detained by policeReuter - 314 words
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Article837 1981-01-10 12 LONDON, Fri. Share prices opened easier in quiet trading with another weak performance on Wall Street and the possibility of industrial action in pursuit of a wage claim by water workers combining to depress sentiment, dealers said. ICI, ICL, GEC and Bat Industries were between a penny and837 words
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267 1981-01-10 12 UPI AMERICAN Presidentelect Reagan will tackle the nation's budgetary problems by making across-the-board cuts in federal spending. Mr Reagan said this on Thursday outside the government residence, Blair House, as he headed for the State Department for his first meeting with his full cabinet.UPI - 267 words
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528 1981-01-10 12 THE Malaysian government will allocate Msl billion in the Fourth Malaysia Plan (1981-85) to the Bumiputra Economic Foundation (or buying shares, Finance Minister Razaleigh Hamzah said. This is twice the Third Malaysia Plan allocation, he said in a briefing on the government's plan to transfer528 words
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347 1981-01-10 12 TARIFFS, qoutas, protectionism and other national restraints will destroy the global economy and, with it, the chance of a capitalist's victory over communism. This warning was made by Mr S Rajaratnam, Second Deputy Prime Minister (Foreign Affairs), at the 17th Annual Business International347 words
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Article137 1981-01-10 12 THE Government lost a record |20.6 million of public stores in the financial year 1979/80, 50 times more than the amount lost in the previous financial year. But it can take pride in the fact that every cent it was accounted far. The bulk of the137 words
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Page 12 Advertisements
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Advertisement37 1981-01-10 12 USA REAL ESTATE INVESTMENT CONDOMINIUM CONVERSION GROWTH AREAS CALIFORNIA TEXAS ILLINOIS INCOME PRODUCING ATTRACTIVE OPPORTUNITY FOR ASIAN INVESTORS DESIRING DIVERSIFICATION OF ASSETS MINIMUM INVESTMENT U5552,500 -CONTACT SEA-TRACT P.O. BOX 707 SINGAPORE 9119 OR TELEPHONE 293-1578 FOR INTERVIEW37 words
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Advertisement77 1981-01-10 12 Maodan 0 lessens.. Radio Radio *S®^i?2o lessons wft® 1 ni hao ma? _«mo^ Learnto •f iS 4 l\Aandarin'toy Radio lessons 21*30 lwmmwuwawmw ai Quickly SBC's "Mandarin by Radio" lessons recorded on sound cassette tapes together with companion texts in comprehensive books provide simple lessons for all who wish to learn77 words
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Page 12 Miscellaneous
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Miscellaneous65 1981-01-10 12 Outlook for Singapore from 6 a.m. to 1 p.m. today: Showers in several places in the late morning. Report for 24 boors prior to 7J9 pun. on Juury 9 at the airport Maximum temperature 30.2 Associated humidity 72 Minimum temperature 22.6 Associated humidity 97 Hours of sunshine 3.80 Rainfall in65 words
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LEISURE TIMES
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Article, Illustration184 1981-01-10 13 LILLIAN CHEW - LILLIAN CHEW "GETTING married on the Kim Kim River would have been easier," thinks Dick as he and Mary are showered by confetti under an arch of waterskis. Labelled Singapore's most eligible bachelor, Richard Eu Jr's first love used to be waterskiing that was before184 words
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Article, Illustration299 1981-01-10 13 WONG AI KWEI - WEEKEND GOURMET By WONG AI KWEI HERE are a couple of recipes to whet your apetite while you decide whether or not to try Le Crunch for a change. R«»st Duckling with Apple and Cider Vinegar (for 3-4 per—m). Ingredients 1 duckling cut into 4 quarters (salt299 words
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Article, Illustration366 1981-01-10 13 LE CRUNCH to la ton II to «all, green, thick sklaaed, Jalcy aad very craaehy. Aad It's aeae other than the (udmi French apple which took Britain by »***** nearly two yean age. Thto Preack geMea deHdeu apple which to geiag down very well with366 words
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Article, Illustration785 1981-01-10 13 TW IN THE SPACE of a few seconds three fatter-by-the-minute Peking ducks waddle away from a contraption used to force a carbohydrate-rich grain mixture down their gullets. Thousands of ducks are fed this way every five hours at the Lianhuachi (lotus pond) duck farm onTW - 785 words
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Article, Illustration898 1981-01-10 14 RONALD KOW - THE MALAYSIA CUP 1981 By RONALD KOW ANOTHER Malaysia Cup football season starts for Singapore tonight with the local national soccer team meeting Perils at the National Stadium, (kick-off 7 pm). What is new with the Malaysia Cup this year? Nothing much, really. Except maybe898 words
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Article, Illustration564 1981-01-10 14 f THE EXECUTIVE JOGGER {I By PEEBLE WATCH any group of runners before the start of a race and you're bound to see them behaving more like dancers than runners. Like most athletes they are loosening their muscles through a series of exercises. Most often, these exercises involveBy PEEBLE - 564 words
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Article365 1981-01-10 14 TODAY GOLF: SICC: The qualifiers from the 'C' division for the Chua Cheng Liat Cup competition were selected last week during the monthly medals. The 'D' division monthly strokeplay medal will be held with the qualifying round for the Chua Cheng Liat Cup this afternoon at the365 words
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Article, Illustration492 1981-01-10 14 RONALD KOW - It is not true to assume that nobody wants to benefit from Choo Seng Quee's vast experience and that everything he knows about the game will be buried with him. Perhaps Uncle Choo should get away from it all sit back and relax and write492 words
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Article148 1981-01-10 14 mm ONCE agaki the fflmpwn Bm Betvhjce will ipentf special services to aai (rem Ike Nattoaal Bteitom tor Ihe MUmh Cap toethall —tehee Mi at the Well»—I ntmmmm tor 1181. Servleee A, B mad C win ru trem Aag Me Kto, Tee Payeh Mi QaeeMtm reepecthrety to148 words
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Article589 1981-01-10 14 CHARMAINE CHAN - SINGAPORE GOLF ASSOCIATION PREMIER LEAGUE By CHARMAINE CHAN SENTOSA Golf Club makes its debut in the Singapore Golf Association's Premier League when it meets Jurong at the Jurong course this morning. Sentosa will be joining seven other teams who comprise the Premier League competitors for589 words
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Page 13 Advertisements
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Advertisement118 1981-01-10 13 BUSINESS TIMESI When we say business we mean just that THE MATCH it on tonight between Singapore and Perlis. Will the Republic's team get into a flying start tonight? RONALD KOW reports on the Malaysia Cup 1981. "Nobody wants to benefit from my 40 years of soccer experience. Everything I've118 words
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Advertisement6 1981-01-10 13 BUSINESS TIMES GIVES YOU THE EDGE6 words
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Page 13 Miscellaneous
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Miscellaneous647 1981-01-10 13 WHAT WHERE FILM SHOWS THE LATE John Wayne will entertain at the Hilton Movie House tomorrow. Together with AnnMargaret and Rod Taylor, he will take the leading role in Tlie Train Robbers. Show time is at 8.15pm. There will be a first drink charge of $8.50 plus tax for non-diners.647 words
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