The Business Times, 3 July 1982
1982-07-03
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The Business Times
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Title Section10 1982-07-03 1 BUSINESS TIMES M.C.(P) No. 03/1/82 SATURDAY, JULY 3,1W2 60 CENTS10 words
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Article, Illustration411 1982-07-03 1 SOH TIANG KENG - By SOH TIANG KENG SINGAPORE banker Fock Slew Wah is the new head of Morgan Guaranty Trust in Singapore. Morgan Guaranty, with total assets of US$5O.4 billion at end-1981, is the fourth largest US bank and the world's 20th largest. As general manager and411 words
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Article105 1982-07-03 1 AFP THE Indonesian government has ruled that foreign investors in the country must apply the latest technology, the obligatory "Indonesianisation of personnel" and restriction on the appointment of expatriates. Chairman of the Investment Board Suhartoyo told Parliament on Thursday the rule has become imperative for those wishingAFP - 105 words
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492 1982-07-03 1 LOH HUI YIN - By I LOH HUI YIN DEVELOPMENT projects worth $2.2 billion were approved by the Ministry of National Development during the first three months of this year, about half a billion dollars more than the last quarter of 1961. This represents a reversal of the492 words
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454 1982-07-03 1 RICHARD SEAH - By RICHARD SEAH TWO oU exploration companies will soon be shifting their operational bases from Jurong to Tanjung Berhala in Malaysia but it is not known yet whether the shifts will be partial or complete. Petronas-Carigali, the oil exploration and development arm of Malaysia's454 words
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344 1982-07-03 1 Reuter BRITAIN went to war over the Falkland Islands with missiles which did not work and troops who used discarded Argentine weapons because they were better than their own, correspondents returning from the South Atlantic reported yesterday. The London Daily Express, in a reportReuter - 344 words
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BRIEFLY...
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Article63 1982-07-03 1 Reuter TOKYO, Fri. Sumitomo Trust and Banking is syndicating a 10 billion yen, 12-year loan for the Malaysian Electricity Board at an interest rate of 0.1 percentage point above prime rate, changeable every six months. About 15 Japanese city banks, trust banks, and regional banks are expected toReuter - 63 words
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Article55 1982-07-03 1 UPI WASHINGTON, FH. The US Senate finance committee voted early today in favour of a Republican plan to raise US$2l billion in additional taxes next year. The vote came in support of a package that includes provisions to double cigarette taxes and to cut back substantially on taxUPI - 55 words
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Article78 1982-07-03 1 UPI WASHINGTON, Fri. The US unemployment rate held steady at 9.5 per cent last month but the number of Americans who gave up looking for work because of the tight job market was at a record. The Labour Department said although the Jobless rate was unchanged fromUPI - 78 words
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Article91 1982-07-03 1 AFP NEW YORK, Fri- Procter and Gamble, a leading US msimfnrture of food and soup products, is taking -legal action to halt rumours accusing it of Satanism. The company says the rumours have been generated by three persons representing competitors and it is charging the trip WithAFP - 91 words
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Article70 1982-07-03 1 Reuter LONDON, Fri. Yields on longterm US government bonds will rise in the next six months to the peaks seen last year, while the federal funds rate may rise to 17 per cent, Salomon Brothers economist Henry Kaufman was quoted as saying. "Long-term interest rates will go higher,Reuter - 70 words
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Article80 1982-07-03 1 Reuter JERUSALEM, Pit A US diplomat told Israel yesterday that a peaceful removal of Palestinian guerillas from besieged Beirut was possible in time, but Israeli officials said they were running out of patience. The US Deputy Assistant Secretary oC State, Morris Draper, met Israeli leaders after arriving fromReuter - 80 words
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Article76 1982-07-03 1 TOKYO, Fri. Japan has set an ambitious goal of mare than doubling its production of electricity from nuclear power by 1990. The director-general of the Science and Technology Agency, Ichiro Nakagawa, said he had briefed the Cabinet on the long-range energy programme, under which Japan wwud also develop76 words
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152 1982-07-03 1 TOEYU Uai Cerpera. flea's bag tor» plaaa hi laeliie the «wmnU kriUtap with ini rotfMtttml, leiaare •■4 ealtaral fadtltiee aleag the Im af thaae la Thto waa rflTlMr* htb* yesterday by Mr H Mai. UptlSt'dSL TaTjm taauawilal «meet with ■aeh (aeUtiee. He said Stagapare, with152 words
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533 1982-07-03 1 THE High Court yesterday dissolved an interim injunction which was granted last week to restrain Tan Chong and Sons Motor Company (S) Pte Ltd from further publishing or advertising any "mis-state-ments" about its former dealer Chung Shan Motors Pte Ltd. In dissolving the injunction, Mr533 words
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Page 1 Advertisements
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Advertisement237 1982-07-03 1 times mmLENDING by banks is a valuable element in providing for Britain's industrial recovery, says Bank of England Page j SINGAPORE'S timber trade continued to decline in May and exporters expect the situation to worsen in subsequent months in view of the summer holidays in Europe Page 3 BRITISH Prime237 words
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Advertisement114 1982-07-03 1 You've got to be good to play MacGregor The MacGregor 693. Classic woods with the rounded flowing face and high crown. Made famous in the '40s and '50s as a model club on the MacGregor Tommy Armour. Now styled and crafted in the traditional excellence of the originals. The 693.114 words
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Advertisement35 1982-07-03 1 Singapore's Business World at your Fingertips The Straits Times DIRECTORY Of Singapore (Buku Merah) &[*=:{}-"_?;&,,{-|/;~`_+/|=<'-/ friendship CuttySaric ScotchWhislw Distilled blended and bottled in Scotland. Sole Agent: Hock Tong Bee Pte Ltd 347, Bukit Timah Road,S'pore 102535 words
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BANKING AND FINANCE
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369 1982-07-03 2 Reuter LENDING by UK banks is a valuable element in providing for Britain's industrial recovery, far which there are no ready alternatives, the Bank of England said in its latest quarterly bulletin. Relatively high demand for bank lending could remain the background for UKReuter - 369 words
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237 1982-07-03 2 Reuter THE Swedish National Debt Office introduced new domestic Treasury bills to complement its short-term financing instruments, the office said in a statement. The new bills are of 100 and 360 days duration, with effective yields of 14.75 and 14.50 per cent respectively. Commercial banksReuter - 237 words
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440 1982-07-03 2 Reuter THE Bank of England said extensive enquiries suggest that bill arbitrage in the UK money markets has been neither significant in scale nor cumulatively important over time. Bill arbitrage occurs when a company obtains funds by drawing and discounting a bill of exchangeReuter - 440 words
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Article242 1982-07-03 2 Reuter THE Bundesbank will continue to aim for monetary expansion this year in the upper half of its range, a spokesman for the Bundesbank said. The decision, taken at Thursday's council meeting, reaffirmed the 4 to 7 per cent target range for growth of central bank moneyReuter - 242 words
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269 1982-07-03 2 Reuter WEST German hanks have agreed to continue with the calendar of new mark Eurobond femes, which was resumed this week after a 14day interruption. The capital markets subcommittee for foreign bonds decided on Thursday to hold a new meeting to review the marketReuter - 269 words
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73 1982-07-03 2 Ke IB Beak «f b kMMtaf Ury miyti wlUH» i». II -i CtMlfi, HImMm efl SphSmI eSfLpHS m wMeh chefM to draws, Inb wkleh direct iMkg feeetfto leu thee £l*M«wMk a Mlh«I ■glilQ «J— ege 71L wMefc IMS til»» albn«riNi Ike teak mU It HiKe - 73 words
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Article622 1982-07-03 2 Reuter nUNCfI Caiaae Oentrale de Ooopsratton Economique to raising US$llO minion through a 10-year Eurobond. Onload UMinagsr Salomon Brothers International said the bond for the overseas <tov»topn»sni ageacy will carry a 15% per cent coupon aad par pricing, and wffl be nonmailable. It* to guaranteed by theReuter - 622 words
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MONEY AND EXCHANGES
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Article293 1982-07-03 2 GOLD futures in Singapore yesterday closed slightly weaker than overnight levels in the absence of fresh factors, dealers said. Trading was generally thin, throughout the day and total sales, including kerbs of 114 lots, was 254 lots. Prompt closed slightly lower at US$3l4/31C an ounce against $314J0/315J0 on Thursday,293 words
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Article27 1982-07-03 2 ftan BM N»w Tart 5J7B UB Zurich 5*lD 5«7B MB MB 5.T7S C.UB m Am Ctatacpric UB MSB «IBUS< 5JOB |UB Source: Credit Suisse, S'pore27 words
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Article470 1982-07-03 2 TRADING mi quiet on the foreign exchange market yesterday u dealers were adopting a wait-andnee attitude pending the announce* ment of US money supply figures in New York last night. The Federal open market committee was also expected to announce the target money growth far the country in470 words
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Article163 1982-07-03 2 ASIAN RATES ASIAN currency deposit interbank rates as at close on July 2: USMUnKSpC) 7<Ujn 155/16 153/16 1 monUi 15* 15H 2 months 15* 15* 3 BOOUx 1515/16 15 13/16 6 months 16* 16* months ISM IS ttmonths 16* IS DMWM 1 month 3 month* 6 months 12 months 1/16163 words
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Article22 1982-07-03 2 THE average rate at wklck major Singapore banks are currently prepared to lend to tkeir beat customers Is 11.06 per cent.22 words
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Article45 1982-07-03 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from July 5 to July 9: Oftoed: $80,000,000 Applied fsr: $180,800,000. Allotted: $80,000,000. lißiplil Ms: $99.03.approximately 74 per cent higher bids in full. en alsOsMßt: 3J85 per cent per annum.45 words
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Article39 1982-07-03 2 RANGE rf nrtOM offered tar i count house oaMyS: OvcratftH t: 4% OH depa rita: QwN 3-month TrMnirjt *Uto 4 3* 3-month Bank bill* 9H 3 month* CD M 6 month* CD 9S/16 »yu Source: National Discount Co39 words
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Article136 1982-07-03 2 THE US dollar yesterday recovered against all major currencies on commercial support, but trading was scanty ahead of the long weekend in the US. The dollar rose to 2.4555/ 65 marks against an early 2.4508/18 after closing in New York at 2.4550/70, while sterling eased to U551.7385/ 95 from136 words
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Article109 1982-07-03 2 THE dollar for overnight delivery closed yesterday slightly firmer at 255 .25 yen in aufet trading against its 255.00 yen opening. This was above the 254.85/255.00 finish in New York overnight, bat still below the 256.95 close in Tokyo on Thursday. Trading volume was a light USJI.23 billion. The109 words
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Article66 1982-07-03 2 THE dollar yesterday continued the recovery, which began in Far Eastern markets, from its New York lows, but trading remained quiet ahead of the long US holiday weekend. ymmrtmy ua-uzmm gj»j-tnrrai D Ml 4-77»,'75 on-ina/a 8 ft IMI/9 B FV Cn tLO/74 r Ft u.m/w U( ML7VMM.M To» MU1/B66 words
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312 1982-07-03 2 Reuter A LARGE increase in the issue of <0-day government bills through underwriting by the Bank of Japan may increase inflation in Japan. The bank, in its monthly research bulletin, also said the government should issue the bills through public auction at prevailing marketReuter - 312 words
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Page 2 Advertisements
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Advertisement416 1982-07-03 2 UNITED PULP PAPER COMPANY LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Fifteenth Annual General Meeting of the Company will be held at the Conference Room of United Pulp Paper Company Limited at No. 20, Liu Fang Road, Jurong Town,416 words
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Advertisement47 1982-07-03 2 sgg <• J P > i ★an electrifying tale of espionage and human passion ★an international best-seller written by an international author, Tom Lilley. now on sale at all leading bookshops Published by Timts Books International. FEDERAL PUBLICATIONS Now Industrial Road, Singapore 1953. A member of the Times Organisation47 words
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TRADE AND INDUSTRY
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458 1982-07-03 3 LEE HAN SHIH - By LEE HAN SHIH SHOPPERS in the Orchard Road area will soon be treated to a new restaurant offering selections ranging from a glass of wine, a casual snack, to a two-hour meal. Restaurant of Switzerland, which will occupy mere than 900458 words
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Article1054 1982-07-03 3 SEMINARS AND COURSES June 1-July 22 (Tuesdays, Thursdays and Saturdays): Certificate in Performance Appraisal, Cuppage Centre, NPB June 1-July 31 (Tuesdays and Thursdays): Certificate in Performance Ap- praisai, Ngee Ann Polytechnic, NPB June 1-Aug 19 (Tuesdays and Thursdays): Certificate in Performance Appraisal, Ngee Ann Polytechnic, NPB June 2-July1,054 words
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388 1982-07-03 3 TWO American industrial equipment manufacturers have teamed up with a local company to start a 33 million Joint venture. The venture, set up by the Perfex j division of McQuay Perfex (Milwaukee), Beybe International (Sentyfc) and Libra Equipment (Singapore), will initially ■ssembte a wide388 words
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443 1982-07-03 3 RICHARD SEAH - By RICHARD SEAH SINGAPORE*! timber trade continued to decline in May »nH exporters expect the situation to worsen in subsequent months in view of the summer holidays in Europe. A slight drop in US interest rates did not help. Total timber exports fell 13.7 per443 words
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381 1982-07-03 3 EAGER buyers of Tokyu Land Carp's Claymore Hill condominiums will have to wait another year before they can move into their new luxury apartments. Completion of the 146unit project was scheduled for March 1984 and sales were to start in April this year. However,381 words
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279 1982-07-03 3 POWER utility authorities of the five Asean countries have been granted US$2OO,OOO to finance the installation of a common transmission planning software system. The grant was approved by the Asian Development Bank under its technical assistance scheme. The software package will be279 words
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298 1982-07-03 3 THE Singapore National Cooperative Federation Ltd (SNCF) aims to extend its management and financial services to more cooperative societies here. The federation, which has 32 cooperative societies and 160,000 members under its wing, has Just employed a chartered accountant (or the task.298 words
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Article, Illustration247 1982-07-03 3 ESCQFFIER Pte Ltd has apposed MhM Iwwtt to manage Its sales team. A Swiss national, Mr Bouverat has worked in hotels in the US and Germany. He has also been a marketing manager of a travel company in Bangkok and a computer company in Switzerland. Ceflcote Pte247 words
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392 1982-07-03 3 TWO OF the five local operations under the Hewlett Packard (roup may soon be expanded iato independent divisions with their own product development, manufacturing and marketing policies. The two operations, Singapore Peripherals Operation and Oscilloscope Operation, are currently manufacturing arms of the392 words
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195 1982-07-03 3 ELECTRONIC Components of General Electric (USA) has ordered a minicomputer worth about $310,000 from Honeywell Information Systems. The system will help Electronic Components in office automation, data entry, software development as well as communications through telephone links with main computers in Singapore and195 words
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Page 3 Advertisements
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Advertisement223 1982-07-03 3 This fine Cabretta leather glove was worn for a four hour round of golf. It was soaked in a storm. And left to dry overnight. L J <• EH V mil |i Iml fH Sta-Sof is a remarkable new. Kffl'Vik water-repellent glove by Foot-Joy. Hnur resul,s ,rOfTl the use of223 words
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OVERSEAS
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599 1982-07-03 4 Agencies UK PRIME Minister Margaret Thatcher urged train drivers yesterday to "consider travellers and those on holiday" and call off a threatened strike that would halt rail service throughout Britain for the second time in five days. Thatcher made her appeal in theAgencies - 599 words
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129 1982-07-03 4 Reuter US TREASURY Secretary Donald Regan said the European Community's decision to reduce official export credit subsidies is a positive step in the international trade area. "At a time when many countries face domestic economic troubles and a more competitive international trading system,Reuter - 129 words
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394 1982-07-03 4 Reuter A YEAR-long extension of mandatory production cuts for steelmakers in the European community came into force today, with a commission spokesman saying the industry's prospects were bleaker than ever. "The European commission believes we are faced by a probable worsening of the situationReuter - 394 words
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296 1982-07-03 4 Reuter INFLATION la Britain eeaM fall tali* 1 per eort la the next It sMatfcs, the Beak «f Prices In April aai May wen li per eeat higher than a year earlier, Aarpiy lower than a eyetteal peak of 22 per eeat la MayReuter - 296 words
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248 1982-07-03 4 Reuter CONFIDENCE of business executives in the US economy improved for the second consecutive quarter. The US Conference Board said its measure of business confidence rose five points to 52 on a scale of 0 to 100 in the second quarter of this year,Reuter - 248 words
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196 1982-07-03 4 UPI AP US CARMAKERS built 20.4 per cent fewer cars in June compared with a year ago, pushing production for the first half of 1982 down 26.3 per cent from 1981. The nation's five carmakers on Thursday said 222,498 workers will beUPI; AP - 196 words
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166 1982-07-03 4 AP EXECUTIVES of the European Economic Community yesterday warned the 10 member countries that runaway budgets are hindering efforts to pull Europe out of its recession. The European Commission in Brussels, which runs the common market, passed a resolution urging the countries toAP - 166 words
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315 1982-07-03 4 Reuter THE World Bank has approved a fundamental change in the way it borrows money and lends it to developing countries. The bank on Thursday said it intends to barrow money in the massive shortterm market in the US, opening up a huge poolReuter - 315 words
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Article754 1982-07-03 4 ARRIVALS 8*niM Lml Operator NuWr Ttoe Fna MAS MH15A 0020 KUL PAA PA005 0025 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CT331 0350 TPE SIA SQ101 0M KUL MAS MH671 on KUL MAS MH680 0865 KCH RBA Bid 1000 BWN MAS MH651 1030 KUL SIA SQ201 1030754 words
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Article427 1982-07-03 4 AT COMVEMmOMAL WHARVES Vnri Berth Agent Arrival Departure KEPPEL WHARVES Kim Soon Ll 22 Thong Soon alongside 3.732/0700 Kota Singapore. 10/11 Pil alongside 3.7.82/lBaO c Sangerhausen 8/7 S'pore Shpg alongside 3732/1SOD 1 Thomaseverett 33/14 Everett alongside 37.82/1900 Barter Priam 40/47 Barber 3.7-B2/0400 3732/2390 Cretan 35/38 Borneo 3.7.82/2330427 words
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606 1982-07-03 5 AP NYT EGYPT does not want Yasser Arafat or other PLO leaders to be part of a Cairobased Palestinian government-in-exile. The official Middle East News Agency said on Thursday that if the guerillas leave their besieged enclave in West Beirut, theirAP; NYT - 606 words
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297 1982-07-03 5 UPI AFTER months of secret negotiations with China, the US State Department has proposed to the White House that the US eventually end the sale of arms to Taiwan. It is understood that a US State Department option paper would have PresidentUPI - 297 words
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413 1982-07-03 5 UPI AP LENDING the Arab world vocal support against Israel as it did in 1967 and 1973, the Soviet Union is urging Arab countries to use a weapon with a proven wallop the oil embargo. The call to use oil asUPI; AP - 413 words
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283 1982-07-03 5 ONE woman and seven men pleaded not guilty on Thursday in connection with an alleged Japanese computer operation involving the theft of secrets from International Business Machines. The workers were the first of 22 people facing possible arraignments in connection with283 words
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WORLD IN BRIEF
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Article474 1982-07-03 5 Agencies A US jury has found Gary Ruster guilty of defrauding the government of US$l4O,OOO by pretending to be seven different blind men. The jury took only two hours to return the guilty verdict on six counts qf fraud. Ruster did not deny the facts, butAgencies - 474 words
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Article148 1982-07-03 5 Reuter THE Japanese finance ministry is planning an austerity budget for fiscal 1963, starting next April, with overall increase in expenditure pegged at under the current year's 1.9 per cent rise. Government sources said Finance Minister Michio Watanabe explained this to the first meeting of anReuter - 148 words
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148 1982-07-03 5 AP A US official said it was time for concrete results from Japan's recent aeries of market-opening measures. The US has competitive products which could reduce Japan's trade surplus by USJS billion. The official added there is a "pretty good consensus"AP - 148 words
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Page 4 Advertisements
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Advertisement401 1982-07-03 4 Asia, at your finger tips... Other than speed reading, there is another way you can know a great deal more in much less time. The ASIA RESEARCH BULLETIN is a monthly information-packed report backed by in-depth and extensive research and ten years of editorial expertise. We have extracted and accumulated401 words
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Page 5 Advertisements
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Advertisement1463 1982-07-03 5 ADVERTISEMENT SOVIET MERCHANT MARINE DAY The articles in this advertisement are in connection with Soviet Merchant Marine Day, July 4,1982 SOVIET MERCHANT MARINE IN THE 11-TH FIVE-YEAR PLAN (1981-1985) The merchant marine a major element of the integral transport system of the USSR carry out an ever increasing volume of1,463 words
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Article456 1982-07-03 6 WHEN TWO coaches carrying Polish supporters to the World Cup arrived in Spain, all but 12 of the occupants had vanished to seek asylum in countries along the route. This raises an interesting question: were they seeking refuge from the Polish government, or from the456 words
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257 1982-07-03 6 THERE ARE MORE joggers than tourists on the capital mall in Washington DC during lunchtime these days. The three-kilometre path from the capital to he Lincoln Memorial and back has become the favourite race track for senators and secretaries alike. The reason so257 words
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Article, Illustration1169 1982-07-03 6 PAUL BETTS - A survey of the attitudes of 150 chief executives of major US companies has come up with some interesting answers. Read on for the details. By PAUL BETTS FT DO THE captains of US industry fit the conventional "B" movie stereotype of beingFT - 1,169 words
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Article1025 1982-07-03 6 ANTHONY ROBINSON - The Soviet media gives massive publicity to antiwar demonstrations around the world but, at home, the Soviet authorities are doing their best to stifle a fledgling peace movement. By ANTHONY ROBINSON FT THE Russian word (or peace, Mir, is the same word for the worldFT - 1,025 words
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Page 6 Miscellaneous
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Miscellaneous687 1982-07-03 6 -11-OKE CROSSWORD I CRYPTIC PUZZLE ACROSS 4 A unit of current significance (6) 7 His diet is personal (8) 8 I arrange games for the pictures 10 Knock down a girl, alternatively (5) 13 To get (at out East is quite a performance (4) 14 Noisy hotel for a foreigner687 words
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Miscellaneous860 1982-07-03 6 Loretta Lynn entertains A PMDOCIOW trnaegrr at Ceaatry Mute, Unite my to Ike toTTtk to cheek tt "ttap- ijH' 11/atoj? sasptten" at Mlp (hH- w«g ether Mto, "Take My At SJI pm, The (kaw Ml i. Terry MrPetonto nee Mm", "Y« An Leekteg At the Cemtry "FIFA* Big Me bene860 words
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Article, Illustration1091 1982-07-03 7 CHRIS SHEPPARD - At 76, Maggie Kuhn is wrinkled and arthritic, but she is still fighting for the rights of old and young. Her reason: Because the young and the old are in the same predicament; both are poor, dependent and seldom taken seriously.1,091 words
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Article, Illustration729 1982-07-03 7 ALAN ELLIS - Coming up world's longest rail tunnel With prospects of an early start to a fixed link across the English Channel receding still further, work is well advanced on an equally dramatic and ambitious project on the other side of the world in Japan. By ALAN ELLIS FT THERE are nowFT - 729 words
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710 1982-07-03 7 THOMAS LAND - By THOMAS LAND IDRC THE Arabian oryx, one of the world's rarest animals, has been re-introduced to its original habitat in a wildlife of the Omani Desert in a project likely to lead to a new approach to livestock as well as gameIDRC - 710 words
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Page 7 Advertisements
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Advertisement338 1982-07-03 7 For every woman who wants tio look goodand younger, if necessary.... VOGUE GUIDE IX) SKIN CARE FELICITY CLARK Written by the Beauty Editor of Vogue, it is a blueprint for day-to-day care of a vital and precious commodity. Felicity Clark shows you where it is most vulnerable, when to get338 words
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INTERNATIONAL STOCKS
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EUROPEAN MARKETS
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Article132 1982-07-03 8 JULY 01 m CORBEILLB Alr-UooMa «n -U Bll Omh r J 11.: <>f) is ■4 Cta rrmncmin in -1.7 < o55SgSf CrMtt fmctfr -I (Lknfekl Ml anfh iif tinvM boil mm -a« mm -10 «.11 IS t TO JO -CI -u IV 8A 15 mm r__w GKOUPA CtaffNTI m132 words
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Article91 1982-07-03 8 JULY n DM M iU AaC-Triafonkan Ika All. I^hf. aii« van "*W ■«HT Wtaok Hi nuk 111*0 +u MT mum ■Ui uneh uui +u mm -u MM MM Tl UUI tM 'ftfrw 'jTi— UUH +u Hapaf-Ltofd ItoflMt 11SJ* iu 11.MB KAU Sals Karstodt KAUfhAl mm UUI UN +4 IMjH91 words
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Article48 1982-07-03 8 FOKWAftD MAIOT A«M m -u uia 4 1 M n» nocli MM aoeb csr Dt hn Mi -a Ml -4 n»iypiwi UM uncta BM 4-10 On I1M M Hobo* •M ♦IS Mi -U Boc OM Mf I1M -IS m O Mtn BM CASH MAIUT I Hi -M48 words
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Article69 1982-07-03 8 JOLT it NM -ST uSZmJZtwi MB -M CBiMp |r_ ISM aHCMDKK MS -4 rT, I 1 US -J a* -M OMT*> rtelMT Br M -M »r m 4 Ml Hi -N Bit uncb STL Pc -T IMS -M Sular Pe OS -1 ktafr pff Mi -M Avtai llanV Br69 words
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Article95 1982-07-03 8 JULY AW fl« MM mm oncfc LI Atmm mm -4.1 iUTV mm -ct UUM WJ» «TM ♦ti ■U S3turn Mi M.M 44 MM -U CMkatd MM r*h> fwti UU Ml Ml mm >u LtL JU, hrt MM nm mm ♦*i ♦•J •u nm i« sa MM ♦■J ♦4* Hy95 words
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Article81 1982-07-03 8 JULY Lin ■MM0 M inch Bet SIM 41« CMib oh mm *n OMttaMMM Mi M nw CM MM -M Ownl MM M Ota MM nek 111 M> MM -M law* MM -M IHlpi M ll>HM OK MM* +M> MMm Am <M UM M MMMart M* MM «-M -Tr-mini mm81 words
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Article182 1982-07-03 8 JULY M land industrials A Atfh* m ft AS AM a Ainr m Sr* D» rn—n lad r nncb M M Olamnl HtaaM ii !-<*• I.TA u» >< And m m m m m ♦a 4.1 on. Ok ku (MM m ♦i» rEsTcK 8T tS &■>!■*— ud hllw M182 words
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Article142 1982-07-03 8 Reuter MITSUBISHI Electric Corp said it registered gains in consolidated net income and sales for the sixth consecutive year in the last business year ended March 31. The corporation said net income for the year rose one per cent to 34.64 billion yen from 34.24Reuter - 142 words
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Page 8 Advertisements
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Advertisement194 1982-07-03 8 Where to wine, dine and entertain wttti the American Express Card pRET-A- PORTER 1982 The creations of nine of Singapore's leading designers and fashion houses will take to the catwalk at the Poolslde of the Holiday Inn Singapore, presenting the latest ready-to-wear for 1962/1983. The fashion show will be presented194 words
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Advertisement106 1982-07-03 8 fit* UtnLn For sushi. For teppanyaki. For other authentically Japanese delights. v h iili i i n I 'iirk S|irr;iion Sii iii:i| m ii-i 3 NUTMEGS j offers JAZZ BRUNCH onSundays 10.30 am.-3 p.m. $21 per person Please coH *****80 ex» 663 for reservations HYATT PEG£NCvOSINGAPORf 1 M Km Vanda106 words
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Advertisement49 1982-07-03 8 [}['%;@$\^\=:_^&'!=?=+\..-/<&%. I he perfect end to a romantic" dri\ e Jcfapefgial •STrSW! mm < »i ft Vf M <C 5 5,^1 :r* 3 -vj r< S rr -v-v S£>> !ss < ;JS> \fc!» s.'-«v V"«/// II *4411 H l IP >-»•»•. r l Mfc tD vf i 1 1 t49 words
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Advertisement135 1982-07-03 8 When you dine, dine Cantonese. > If pleasing your palate is achieved only by eating the best, then dine Cantonese at The Inn of Happiness for the best Cantonese cuisine outside Canton. And a standard of service that's exquisitely Hilton. So come. The stage is set for an evening to135 words
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Advertisement98 1982-07-03 8 This is Thai Seafood at its authentic best. So trash, it could have been alive 15 minutes before coming to your table. It was. An enormous variety of succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant Cockpit Hurt Penang Road. Singapore 0023. Tet: *****11 (2098 words
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RAW MATERIALS
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Article220 1982-07-03 9 RUBBER prices in Singapore yesterday closed slightly lower with July One RSS buyers quoted at 183.00 cents a kilo, down 0.75 cents from Thursday's close. The morning market lost 0.75 cents on lack of interest in quiet trading. Trading was quiet in the afternoon with prices little changed from220 words
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Article305 1982-07-03 9 RAS prices In cents per kilo yesterday: Noon (per Ulo) Buyers Sellers Int. 1 R.S.S. prompt fob. 181.25 182.25N Int. 1 R.S.S July 183.00 183.50 Int. 1 R.S.S August 184.25 184.75 Int. 2 R.S.S. 174.25 176.25N UK/Coot 173.25 175.25N Int. 3 R.S.S. 164.75 166.75N UK/Coot 1C3.75 165.75N Int.305 words
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Article97 1982-07-03 9 NOON SSI ft and SMR pricaa ywi tarday: *A8 SSR 20 SSR SO (1 too pallat) (1-ton pallat) (Carraat Mtk) Buyer* Saltan 161 50 162. SON ***** 160.00N Aafut (Forward Mtk) Bayara Saltan 162.50 163.50N ***** 161-00N MUIB J«ly A a*. ■at SMRCV SMR L SMR 597 words
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Article85 1982-07-03 9 THE BTBAITS TIN price la Peaaag yesterday stayed at the fleer level ef M 529.15 a Idle fer the tea» teeath consecutive trading day. The market was sapported by the bailer stock manager la the sbseaee el ether interests. Dealers expect the price te remaia at this level85 words
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Article32 1982-07-03 9 Rubber: July 2 Singapore: July: 183.00 cents (down 0.75 cent) Malaysia: July: 199.60 cents (down 2.50 cents) Tin: M 529.15 per kilo (unchanged) Official offering: 220 tonnes (up 115 tonnes)32 words
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Article89 1982-07-03 9 THE Malaysian Minister of Finance has fixed these rates for the period from July 1 until further notice: Ratter: 204 7 /i cents a Idlo for RSS One; Cspra: MJ555.83 a tonne; Falsi kernel: 1965.75 a tonne; White pepper: $3,045.17 a tonne; Blaek pepper: $2,145.00 a tonne; The89 words
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Article1103 1982-07-03 9 NEW YORK STOCKS STOCK prices in New York on Thursday closed sharply lower amid worries about interest rates and second quarter earnings. The Dow Jones industrial average drifted down all day but quickened its decline in the last hour to finish with a drop of some BVj1,103 words
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Article161 1982-07-03 9 WHEAT futures in Chicago on bursday closed Ann, up t Vi to (our US-cent» a bushel with July posting a 10-cent range. Tight supplies and a firm SRW wheat bads at Chicago and the Gulf kept nearby» firm relative to deferred» and Kansas City hard wheat futures all day,161 words
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Article220 1982-07-03 9 SOYBEAN futures closed in Chicago on Thursday on a steady note, 5V4 to two cents a bushel higher with July posting a 5V4-cent range. A firm cash basis along the rivers and at the Gulf plus slow country movement kept nearbys firm relative to new crop from the opening,220 words
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Article877 1982-07-03 9 COFFEE: Robusta futures were easier at midday, between £8 and £14 a tonne below Thursday's close In traded positions. Dealers said commission and trade house selling at the opening depressed prices after a steadier tone had been forecast, based on New York. Nervousness about the outcome of Ico877 words
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Article112 1982-07-03 9 The Kuala Lumpur crude palm oil market yesterday closed lower on further selling in moderately active trading, dealers said. In July north dropped MJIS to $747.50 a tonne, central 110 to |745 and south $2.50 to 1752.50 while in August north fell |7.50 to $742.50 and south |5112 words
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Article169 1982-07-03 9 CHINESE Pnfcn lfii*isp, par 180 kg yesterday. Cm—t ail: Bulk fob $100.00 sellers, old dram (in second hand dram) fob $112.00 sellers, new drum fob $116.00 sellers. Cspra: Mixed (loose) $55.00 buyers. Pepper: Muntok white pepper fob Asta NLW $340.00 sellers, Sarawak white pepper faq fob NLW $335.00169 words
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Article192 1982-07-03 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) Cotton yam: China Blue Phoenix 30* 2,340; 32s 2,910, 40s 3.110 (per bale of 400 lbs). Pises goods: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly192 words
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Article321 1982-07-03 9 SINGAPORE: Yesterday's closing prices in S$ per ldlo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class OJ6, 100 per cent third class 0 JO, 25 per cent new crop no stock, B-10 per cent 0.17. THAI BROKEN: A-super 0.62, Special321 words
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436 1982-07-03 9 Reuter AFP THE International Tin Council (ITC) has set sharply reduced export quotas for producers in an effort to cut a world tin surplus. The measure was one of a number of steps taken by the council under the terms of the sixthReuter; AFP - 436 words
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Article253 1982-07-03 9 THIN market conditions and low turnover persisted as July One RSS fluctuated within a two-cent range to finish slightly up on balance HaUiay, Caller, Bath aai Campaay said in its review for the week ended July 2. The only feature was renewed Inro purchases, July shipment, of253 words
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Page 9 Advertisements
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Advertisement323 1982-07-03 9 family the Bntannica advantage! it's the key to success in a competitive world That's why you should give your child all the advantages you can. Especially the tools for success. (That's what a parent's love and responsibility are all about) Certainly there's no better tool for improving school grades and323 words
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1307 1982-07-03 10 BID and offer price» officially Hated and bM— in aad reported to the Stock Rrrhsage of Singapore yesterday, with the number of shares traded shown in bracket» in lot» of 1,000 units, unless otherwise specified. SECTION ONE INDUSTRIAL COMMERCIAL Acaa (1148) Allied1,307 words
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Article144 1982-07-03 10 numiDMTmr mam>hp mbt rmi (11 'prta»Mr My I) <PI I 'I*"»*» 1 1 The Commerce 1» 2J$ DM—j The Saving* Fund L* Ml S'pore Fd (USI) IS 1ST S'pore Prof Fund L» L» S pure Sec Fund 1» 1* <*•**> S pore Invent Fund 1.00 Mb Tn S'pore144 words
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Article2725 1982-07-03 10 IMS High Low Coaipaay Last Sale Gr's Gr's Net DW Div YTd P/E Vol Day +or- Cvr fOOO) High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 350 233 308 320 141 »1 480 328 241 112 248 320 93* 184 286 240 Acma Alcom Allied Choc BAT BaU2,725 words
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Article1201 1982-07-03 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number of shares traded shown in brackets in lots at 1,000 units, unless otheri J wise specified. MXBRIALO AM» (UD 3.423) I» I (1) J W AifMß1,201 words
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Article125 1982-07-03 10 UNITED Bi|lietri Limited: EGM to be held at Unlteers Building, River Valley Road, Singapore 0823 on July 9 at noon. WORLDWIDE Holdings Betted: Sixteenth AGM to be held at 3rd Floor, 17S-C, Jalan Birch, Kuala Lumpur, on July 14 at noon. TDM Berhad: Seventeenth AGM to be held125 words
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726 1982-07-03 10 JITTDtY lavesters, MK aheat the MBftay» ahfltty t» elded to Bqaldalo mmt sf the Slsgapsre Mock saarkst flulrtrl m mildly MfilN Mte Ib very «alet tradtag. Tmw* mn LM sallllaa salts as ijihri Tharsday's 8801, there wen lew Arm spats sack as Ceatral Sagara wMek726 words
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Article493 1982-07-03 10 THE Kuala Lumpur stock market lapsed into another quiet spell as shares were traded marginally lower in most sectors yesterday. Total volume dwindled to only 2.58 million units worth $7.80 million against the previous 3.26 million units worth $9.54 million. Analysts said traders were undecided493 words
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COMPANY NEWS
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593 1982-07-03 11 SHAREHOLDERS in some of the smaller Malaysian tin producers have received some rather attractive takeover offers in recent This Is In spite of the fact that in some cases the companies concerned have already exhausted their reserves and ceased production. The often593 words
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224 1982-07-03 11 ONTRADE International Ltd, a Hongkong company owned and controlled by Malaysian businessmen, has bought threeblocks of residential property in a university town in eastern Canada. The properties, known as Broadwalk Apartments, consist of 98 fully furnished apartments and has an outdoor swimming pool224 words
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333 1982-07-03 11 UNILITE Electrical Industries Bhd, which recently underwent a capital reconstruction, has reported group lossss (before extraordinary items) of M 52.67 million for the year ended Dec *****1. This compares with group losses of $3.26 million incurred in the 1980 financial year. Unilite's group turnover was333 words
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Article246 1982-07-03 11 JARDINE Matheaon and Co should be able to Insulate itself against some adverse economic factors by "careful attention to the balance sheet and prudent cash management coupled with a strong entrepreneurial spirit," chairman David NewUgging told the annual meeting in Hongkong this week. He said246 words
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ASIAN STOCKS
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Article336 1982-07-03 11 HONGKONG STOCKS yesterday closed mixed on scanty trading, brokers said. The Hang Seng index lost 4.27 points to 1,274.29 due to easing of some second line index constituents. Brokers said pessimism about Hongkong's economic outlook overshadowed the market which was also affected by the sharp fall on336 words
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Article282 1982-07-03 11 SHARES yesterday fell sharply, dragged down by Hitachi Ltd's further losses following the decision by a US federal grand Jury to indict the company «wi 17 individuals over the IBM computer secrets case. The market average lost 94.51 to close at 7,084.87 in light trading on282 words
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Article78 1982-07-03 11 THE market yesterday remained dtpressed with turnover lower at L 6 million from 4J million pesos. JULY m rmm •M PM Np ft» y m ssi iMMMMl 41 «Mk OMOW.1 ift Mb ■iqii om jMU -mm ■Mat HMMi JM 4M tant Oml B Si +U CTX» IM mncb M78 words
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Article43 1982-07-03 11 JULY BftMa I rar_- swsaij-- LM grtiAdeTZZZZZZ I rSSrnm M ♦> g*Ty~. a» 41 mm 41 j»S ia HS J 1 1 1 m fw M *ii ■Mi ONMMkl nTUSS VM I TIM MM B_ UJ» KM M ssaw Mi _j_ Ml -I43 words
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Article317 1982-07-03 11 SHARE prices yesterday fell under constant selling pressure as leading stocks reacted to lower commodity prices, and a rise in broker loan rates by US t»nif The all resources li>h>t was the hardest hit, losing 11-2 points to 390J, while the All Ordinaries slid seven points to 463.0 and317 words
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Article128 1982-07-03 11 SOUTH Pselfle Textile 1b the ease to wnhp at the pre-tax te March 11,1«. tTiflaun sMrgtoal 7 J per eeat drop tmw to 9*l Essu-sstts sseato eai Annd that Mi pniaeti chNm I» be MwpetttNe to '11 wart eiM?T per eaat B5t?C2S5a: ae to he128 words
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Article, Illustration932 1982-07-03 11 NAJEEB JARHOM - JHE MOMTH THAT WAS By NAJEEB JARHOM JUNE was the moat disappointing month oa the Stock Exchange of Singapore so tor this year. Brokers and remlsiers were hard hit by the low volume of hmrineaa with daily turnover at times dwindling to as932 words
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Page 11 Advertisements
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Advertisement13 1982-07-03 11 MARTIN GARDNE Mathematical Circus VI m. 4 »N3| iff,' 4 X 9 "P13 words
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188 1982-07-03 12 PALMCO BeMtaga M h lbs latest essapany 4s fee ■■mill to flsllMa Capital ksaci Cesaamee't A&JSTLSJTSS Iks esoapaay fskriii MMMMOd fluU Hn MMfIM Ss'sda Sin Ml aai tws pieces af land keiaaglag Is Bsek ■la Bratkers 84m Ikd tkringk sn hnas ef new Asms188 words
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Article68 1982-07-03 12 AJINOMOTO (M)'s additional 6.27 million $1 shares arising from the company's two-for-Ove bonus issue will be granted a listing and quotation on Monday, while BaMgh Cycles (M)'s 8.06 million $1 shares from its one-for-ooe rights issue at $1.50 per share will be granted a listing and quotation on68 words
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Article669 1982-07-03 12 mm*** by HOCK LOCK SIEW LIEN Hne Industries' and subsidiary company Saath Malaysia Industries' share prices have displayed such firmness in the period since requotation as to suggest an underlying belief that a general offer is very likely for LHI and that speculation of suitors for SMIby HOCK LOCK SIEW - 669 words
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Chief Price Changes
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Article138 1982-07-03 12 Rites Ind less C *H*n JCMHI 110* MO M July 1 July! c c 330 M BT Indicator: 8MB *****1 MO 0 STIndustrUte: m« mm fit 0 ST Finance: 1705.14 1704.98 Pad m ST Hotels: 1096.56 1M5.07 H LMM Fta Duinbt P«gi M*U 735 •OB xm 5 5 5138 words
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Article, Illustration159 1982-07-03 12 Rises Indices Bukit Katil 1700 +200 July 1 July 2 Atinomoto 310 20 F and N 650 +10 BT Index: *****4 *****2 Loytape Pan Elec 158 +8 Industrials: 854.47 853.97 370 +8 Finance: 1486.01 1490.14 City Dev 252 +7 Hotels: 607.67 607.67 SMInd 336 +4 Properties: 792.97 733.61159 words
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Article51 1982-07-03 12 FINANCIAL TIMES Friday 1274.29 INDUSTRIALS Thursday closed Thursday 548.3 Wednesday 554.3 Week Ago closed AUSTRALIAN Week Ago 554.2 INDUSTRIALS DOW JONES AVERAGE Friday...: 838.0 INDUSTRIALS Thursday 828.1 Week Ago... 838.0 Thursday 803J27 Wednesday 811.83 ALL ORDINARIES Week Ago 810.41 Friday m 0 HJLHANG SENG Thursday- 470.0 Week Ago51 words
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283 1982-07-03 12 mm Ltd, manufacturer of polyethylene btgi, is looking to a more promising second six months to lift it oat of n dismal first-half performance. For the six months ended March 31, Hytex ran up group operating losses of M 82.18 million283 words
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Article272 1982-07-03 12 UDA Merchant Bankers has declared that Pennodalan Bersatu Bhd's cash offer of H4 far each Idifls Hydraafci fin's shares Is now unconditkmaL The offer wiU dose at 4pm on July 19. SERON (Mriairia) M has acquired two shell companies Asian Computer Services and Drag Houses of Australia (M)272 words
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Article646 1982-07-03 12 LONDON, Pri. Leading lidwlilili MM low la extremely quiet conditions, deprMH by tlw prapcct of farther disruption at the rail system next week, bttt government howls held steady, OHknaid. At Jpm, the Financial Timet index was down 6.9 points at 542.4. The wralrnf at Wall Street and uncertain646 words
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113 1982-07-03 12 HOTEL Malay* Lid yesterday annoanosd that its chairman, Taa Sri Ww Teck Puat, has resigned aa a director of the company while his ton, Mr Khoo Baa Tian, haa been appointed a director. Tan Sri Khoo'c ahpplf down aa a Hotel Malaysia director113 words
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Article37 1982-07-03 12 HUME Industries Malaysia's shareholders have approved its proposed sale of Home Industries Singapore to Hoag Leoog Malaysia (or $40-million at the BGM held yesterday. The interested party. Hong Leong Malaysia, abstained from voting.37 words
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475 1982-07-03 12 CHAN OI CHEE - Companies Editor: Ibno Sabmni By CHAN OI CHEE THE Baldt Sembawang Estates group will see a big reduction in its land bank when two pieces of its land property, totalling X.B hectares, are compulaarily acquired by the Government. Already, daring its financial year475 words
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Article541 1982-07-03 12 SUPREME Corporation Bhd is building a modern township in Malfap Jaya, about 4Jkm from Malacca town, through its whollyowned subsidiary, Malta Jaya (Melaka) Sdn Bhd. Mr Tsn Loon Swan, assistant deputy managing director of Supreme, said the project will be spread over 10 years and, when541 words
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Page 12 Advertisements
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Advertisement165 1982-07-03 12 Here's Real Value for your Money! Buy a copy of Penguin's "The Art of Japanese Management?..... and get this month's V\forid Executive's mK Digest absolutely The Art off Japeneie Management has ben tremendous success in America and Britain, and the fresh and thought-provoking theories presented in this book should be165 words
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Page 12 Miscellaneous
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Miscellaneous60 1982-07-03 12 OUTLOOK for Singapore today: Fair except for rain in a few areas in the afternoon. Report for 24 at the alrpsrt: prter to 7JI pm Jaly 2 Maximum temperature 32.8 Associated humidity 63 Minimum temperature 27.3 Assoctetad humidity 85 Hours of sunshine 7.20 Rainfall in millimetres Trace Total rainfall for60 words
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