The Business Times, 7 August 1982
1982-08-07
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The Business Times
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Title Section11 1982-08-07 1 BUSINESS TIME M.C.(P) No. 93/1/82 SATURDAY, AUGUST 1, UK 60 CENTS11 words
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416 1982-08-07 1 BERNADETTE CHOOI - By BERNADETTE CHOOI THE terms of Malaysia's biggest foreign borrowing are about to be finalised, and there are very strong possibilities that it will be raised to US$l.l5 billion from US$l billion. Though the Malaysian authorities have not confirmed this, the additional416 words
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140 1982-08-07 1 THE first single-digit prime rate has emerged with National Westminster taking the lead in reducing its prime from 10.75 par cent to 9.875 per cent. Others which have annoonced cuts are Citibank and Hongkong and Shanghai Ranking Corporation which reduced their base rates by140 words
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528 1982-08-07 1 CHOO AI LENG - By CHOO AI LENG PROMET Bhd is to participate in two oil and gas concessions as well as bid for new concessions in China under a US$5O million agreement with Sodete National® Elf Aquitaine (SNEA) of France. The group yesterday announced that Peach tree528 words
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164 1982-08-07 1 AFP HANOI is not prepared to discuss a solution to the Cambodian problem with the non-communist states in South-east Alia, Singaporean Foreign Minister Suppiah Dhanabalan said in Bangkok yesterday. Mr Dhanabalan was f»iiri«g a t Don Muang Airport on his arrival in Bangkok forAFP - 164 words
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611 1982-08-07 1 WONG MAI YUN - By WONG MAI YUN THERE is very little professionalism in real estate sales and therefore there is a need to upgrade the profession in terms of knowledge and practice. Mr Daniel Teo, president of the Real Estate Developers' Association of Singapore, said611 words
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BRIEFLY...
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Article49 1982-08-07 1 THE Government of the Republic of Panama and the Government of the Republic of Singapore, wishing to strengthen the existing friendly relations between their governments and peoples, have decided to establish diplomatic relations at ambassadorial level as of Aug 6, 1982, the Ministry of Culture said yesterday.49 words
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Article55 1982-08-07 1 Reuter THE US unemployment rate soared to 9.8 per cent in July, its highest level in 41 years. The Labour Department yesterday said the total number of Americans without jobs Jumped by 360,000 to 10.8 million, when the current recession began in July last year, unemployment was standingReuter - 55 words
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Article36 1982-08-07 1 Reuter BANCO Ambrodano will be put into compulsory liquidation, Industry Minister Giovanni Marcora said. The Italian government's economic ministers took the decision to wind up the bank at a meeting in Rome yesterday. ReuterReuter - 36 words
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Article67 1982-08-07 1 AFT HUNDREDS of angry students burned mock Japanese history books and a mock flag depicting Japanese "militarism" at a mass rally heM at the Hongkong University yesterday to protest against Japanese "distortion of history". The students declared a one-day boycott of all Japanese goods in Hongkong on SepAFT - 67 words
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Article47 1982-08-07 1 Reuter THE US Senate yesterday approved a ntan <iiiy*K»g the Agriculture Department to spend up to US$l75 miiHn- to $ISO million over Ike next three years to subsidise agricultural exports. The plan was approved as part of the fiscal 1983-85 spending reduction package. ReuterReuter - 47 words
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Article62 1982-08-07 1 Reuter ITALIAN President Sandra Pertnl yesterday said he would break off his holiday in the north and return to Rome for political consultations, hinting that he expects Premier Giovanni Spadolini to resign. The 85-year-old president spoke before meeting Spadolini, who flew from Rome to discuss the consequences ofReuter - 62 words
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Article89 1982-08-07 1 AFP A FORMER Hongkong Commissioner (or Securities, who was investigated by the Hongkong Independent Commissioner Against Corruption (ICAC), has been exonerated. No prosecution is to be initiated against Uisdein Mrlnnes, 48, who was at no stage charged fay the ICAC. Mclnnes, who resigned from government office in OctoberAFP - 89 words
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Article80 1982-08-07 1 Reuter THE long-awaited 12th Chinese Communist Party Congress, expected to boost further the pragmatic policies implemented since Mao Tee Tung's death six years ago, will begin ft Sep 11 A Foreign Ministry spokesman in Beijing yestet day gave no details of the agenda, hut indicated that some elderlyReuter - 80 words
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236 1982-08-07 1 (lf») LM will bay a tf par eeat lateral k BMb Mb Dally News (8) LU, a Cktthe Stock Exehaage af SMgapare yesterday, STP aaM It hM accepted a nla •Iter af 44MM artery ■haree ail 4,1N MM(enmt iina la Ma236 words
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Article493 1982-08-07 1 SOH TIANG KENG - By SOH TIANG KENG MANAGING director of the Government Investment Corporation, Mr Yong Pung How, has resigned as director of Oversea-Chi-nese Ranking Corporation. He has been on no-pay leave from OCBC, where he was vice-chairman, since he took up the GIC job in March493 words
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Page 1 Advertisements
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Advertisement236 1982-08-07 1 `)>;,_*]_)^`_|^]"$|\(,^=*$=}]:@ m, THE financial futures working party of the Hongkong Commodity Exchange has proposed two interest rate and two currency futures contracts Pag® 2 CONTAINERS Printers Pte Ltd, a local tin can maker, is planning to build a second factory for making other types of packaging Page S JAPANESE officials236 words
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Advertisement31 1982-08-07 1 E ssP Ul 9cst m World Executives Digest Now available at all bookshops, amportoras 81 raws-stands. Distributed by FEDERAL PUBLICATIONS New Industrial Road, Sinaapnrs 1963 A member of the Timet Orgeninrtton31 words
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Advertisement87 1982-08-07 1 The Straits Companies Times Key Personnel DIRECTORY Agencies Singapore (Ruku Merahi GRAND SLAM by AIUNSINGVNL4R USA TO vF TO 1 *\K "f* uw Professional golfer Keith Fergus selects the ultimate in comfort when he wears this GRAND SLAM golf shirt by Munsingwear. Keith chooses GRAND SLAM because he cares about87 words
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BANKING AND FINANCE
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290 1982-08-07 2 Reuter BARCLAYS Bank PLC halfyear profits were disappointing largely because of bad debts, Barclays chairman Timothy Bevan said. In comments accompanying results for the six months ended June 30, which showed a 16 per cent fall in pre-tax profit to £236.5 million, BevanReuter - 290 words
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Article102 1982-08-07 2 Reuter THE Mexican government in effect devalued the Mexican peso on Thursday, allowing the currency to float to a new trading level based on supply and demand for most dollar transactions, the Mexican Finance Ministry announced. It said it would fix a rate of 49Reuter - 102 words
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Article430 1982-08-07 2 Reuter THE financial futures working party of the Hongkong Commodity Exchange Ltd is proposing the establishment of two interest rate and two currency futures contracts. In a discussion paper, the group proposed a 90-day US dollar interest rate futures contract based on a 90-day US$5OO,OOOReuter - 430 words
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640 1982-08-07 2 NYT SHORT-TERM interest rates in the US have dropped to levels not seen since August 1980, but the yields of longer-term notes and bonds are about two percentage points higher than they were at that time. It seems that the future of the economy,NYT - 640 words
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Article189 1982-08-07 2 THE Japanese International Trade and Industry Ministry is studying a plan to extend bank loans from the semi-official Export-Import Bank of Japan to the foreign trade banks of the Soviet Union to help finance an oil and gas development project off the Soviet far-east island of189 words
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52 1982-08-07 2 THE T»—im B»vkp lank (TBI), aa ******atai Urthi knatho, pte I» adapt MtpMli straetareui cfSr ISwmh MTITji srr-sivtnss wt, ha aaii. ta ka Mndasai la ahset lijy Jlli.jjjaetjj ka tnJhmi fraai lap» ■ulatlTM at 1< rcglsaal ksards la a katdtng rtap* ay, TBB52 words
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Article748 1982-08-07 2 Reuter AN AMERICAN House-Sen-ate tax conference committee approved a US$4O billion increase in the amount of long-term bonds that the Treasury can issue without regard to a statutory 4.25 per cent interest rate ceiling The Senate had passed the provision and the conference committee included it inReuter - 748 words
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469 1982-08-07 2 Reuter THE Japanese Finance Ministry has proposed to the underwriting syndicate for 10-year national bonds that the coupon on the August iaaae be raised to 8 per cent from 7.5 per cent In June, a syndicate spokesman said. The ministry also wants toReuter - 469 words
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342 1982-08-07 2 Reuter CONTINUING yen weakness in the face of declining US interest rates is being caused partly by continuing wide differential between long-term US and Japanese interest rates ss well ss weakening fundamental factors, foreign exchange dealera in Tokyo said. They notedReuter - 342 words
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438 1982-08-07 2 Reuter SOME subsidiaries of the largest private sector company in Mexico, Grupo Industrial Alfa SA, have stopped paying interest on their bank debt, the company's financial advisors said. The company, which owes about US$2.3 billion to more than 130 foreign banks, insuranceReuter - 438 words
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MONEY AND EXCHANGES
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Article22 1982-08-07 2 THE average rate at which major Singapore banka are currently prepared to lend to their beat coatomera ia 10.52 per cent.22 words
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Article172 1982-08-07 2 ASIAN RATES ASIAN currency deposit Interbank rates as at close on Aug 6: OfT.r BjJ 7<Uy* 11* UK 1 month U 11/16 U 9/16 2 months 125/16 12 3/16 Smooths 1211/*****/16 Smooths 13* 13* 9 months 1313/1813 U/16 12 months 13* 13* Dm. 8w.fr». IHLUU 1 1 1 month 3172 words
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Article42 1982-08-07 2 RANGE at prion oOm «d by count bouae* oo Au* 6: Owratgbt: 3«* Can (teportta: >«,« CM* 3-month 'MM TraMury bUla 37/16 38/16 3-month Bank Mils 77/16 76/16 3 months CD 77/16 76/16 6 months CD 7* 7* Source: National Discount Co42 words
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Article150 1982-08-07 2 THE dollar for overnight delivery closed easier yesterday at 259.55 yen from the MOJO opening and a 28month high of 280.40 yen, after intervention by the Bank of Japan. This was below the 259.96/ »0.10 finish in New York overnight, but was still higher than the 259.05 clone in150 words
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Article494 1982-08-07 2 THE US dollar was firmer yesterday because of expectations of steady US interest rates and a fall in European interest rates. The foreign exchange market was bullish as US money supply figures were expected to fall by an insignificant US$7OO mini™ Against the Singapore dollar, the US unit494 words
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Article205 1982-08-07 2 THE US dollar yesterday roae against major currency in late trading after new» the Soviet Union had called on the UN Security Council to ban military aid to Israel. Dealers said investors took shelter in the US currency on renewed concern over the Middle East, saying It indicated the205 words
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Article185 1982-08-07 2 GOLD futures in Singapore yesterday recovered marginally on short-covering interest after an easier opening, but the market still closed lower on balance compared with overnight levels. Total sales for the day, including kerbs, was 426 lots. On the one kilobar turnover was 25 lots. Prompt closed weaker at U*****.20/347.20185 words
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Article37 1982-08-07 2 New York 6.84B 6 98B 6. SIS 7.0BS Zurich 6 .SB 6.858 6.95S 6 95S M IVva Singapore 6.828 C.W ins 7.06S OftM pric ;e« to US dollars a troy ounce Source: Credit Suisse, S'pore37 words
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Article96 1982-08-07 2 THE dollar yesterday opened stronger, extending its overnight advance in New York on the back of yesterday morning's Vfc percentage point gains in Eurodollar deposit rates. The US currency appeared set to test 2.50 marks in early trading although dealers predicted that European central banks may intervene to check96 words
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Article45 1982-08-07 2 RESULTS of tender held yesterday for 91-day Treasury Ms to be issued from August 2 to August 6: Offered: $150,000,000 Applied Isr: 1224,000,000. Allotted: $150,000,000. Aurpfal Mis: $9914 approximately 49 per cent; higher bids in full. en alstaaent: 3.350 per cent per annum.45 words
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Page 2 Advertisements
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Advertisement162 1982-08-07 2 r Reminiscences of Dr.W PHENG GECK DR YAP PHENG GECK f was well kr%wn in the y Banking and Finance I f* circles of Singapore. I He played a prominent part in the early days of yQf IL I Chinese banks, especially TjrYV, in the establishment of the r present162 words
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TRADE AND INDUSTRY
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425 1982-08-07 3 ANGELINE TAN - By ANGELINE TAN SINGAPORE Land has abandoned direct negotiations for the main contract of its Gateway office development project and will be <»«ntng for tenders later this year. A list of contractors, who will be invited to tender for the estimated425 words
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Article812 1982-08-07 3 SEMINARS AND COURSEB July 26-Aug 16 (Mondays, Wednesdays and Fridays): Managerial Economics (Management Accounting and Finance Programme), YMCA, NPB July 26-Aug 25 (Mondays, Wednesdays 1 and Fridays): Manpower Planning, Institute of Education/Bukit Tlmah, NPB July 27-Aug 20 (Tuesdays and Thursdays): Computer Management, Cuppage Centre, NPB July 27-Aug 26812 words
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Article, Illustration372 1982-08-07 3 THE Housing and Development Board (HDB) is doing away with wet markets in all its new towns. At a press conference yesterday, an HDB spokesman said in all the board's new housing estates, marketing facilities for every neighbourhood centre will be centralised. There will be372 words
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264 1982-08-07 3 A SMALL Singapore instrument engineering company has secured a 1220,000 contract to supply four control panel system for the giant oil storage terminal on Pulau Sebarok. The contract was awarded to Control Automation Pte Ltd through Yokogawa Corporation of Asia, the project's turnkey instrument contractor.264 words
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Article116 1982-08-07 3 THE Singapore Chinese Chamber of Commerce and Industry will organise a series of eight seminars to promote productivity consciousness among members. The Orst seminar on Aug 13 win feature Professor Sidney Chen, a Taiwanese professor, who will speak on How small enterprises adjust to MNCs' transnational116 words
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286 1982-08-07 3 THE Ministry of National Development (MND) is launching an energy conservation award campaign to promote energy consciousness in building design. The award, known as Energy Conscious Building Award, is designed to accord due recognition to building owners and designers for incorporating energy conservation286 words
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307 1982-08-07 3 XEROX Corp, one of the world's biggest copier and duplicator manufacturers, will launch its new range of office automation products in Singapore in the next two to three years. Xerox's new range of office automation products is the company's major weapon in trying307 words
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159 1982-08-07 3 TWO experts tram Japan's largest research organisation, the Nomura Research Institute, will provide aa insight into the Japsnese management style and the transfer of Ugh technology to Singapore here on Aug It The afternoon talk at Hotel Equatorial will be opened by the Minister of159 words
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592 1982-08-07 3 WONG MAI YUN - By WONG MAI YUN CONTAINERS Printers Pte Ltd, a local tin can maker which started production in April, to to build a second factory for making other types of packaging. At least $6 million, including building cost, will be invested if the592 words
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Article, Illustration198 1982-08-07 3 VAN Ommeren Terminal (Singapore) Pte Ltd has appointed Milsari Merteaa as commercial manager from Aug 1. Before Joing the company, Mr Merican was the regional manager of logistics and planning at Gulg Oil Trading Company. Mtfcsel Tan and Tay Ckla Heat have been appointed to the board198 words
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Page 3 Advertisements
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Advertisement178 1982-08-07 3 ASIAN SOORMeT resnvai Cuisine, fashion and cultural presentation of eight countries. Exotic, spicy diverse! An eastern culinary experience to entice any palate. Tingle your tastebuds with Sliced Roast Duckling from Hongkong, Nasi T umpeng from Indonesia and Penang Asam Laksa. From Philippines, Morcon de Lomo, Barbecued Coconut and Tom Yum178 words
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OVERSEAS
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701 1982-08-07 4 NYT JAPANESE officials believe Washington's economic policy, involving trig deficits and tight money, is chiefly to blame for the worsening tension between Japan and the US. Shijuro Ogata, executive director of the Bank of Japan, the central bank, said the reason forNYT - 701 words
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Article269 1982-08-07 4 NYT THE US Patent and Trademark Office has turned down, at least for the time being, Stanford University's application for a patent on a key product used in gene splicing. The rejection notice sent out earlier this week could dilute the value of Stanford's most important bio-technologyNYT - 269 words
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276 1982-08-07 4 UPI (mmhlm have donated UBSI«MM 8 Frmaetoee** "Save the e»Ue ears" —mpalga, fc aa «fleet I» refarhM their hMte to^tltoj»ahe d m attended a meeting sponsored by the Japaaeae Chamber d Cimmrrrr to edobnto the corporate gift a total d mjm by JaaaaeoeUPI - 276 words
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702 1982-08-07 4 IN SPITE OF the slowing down of Malaysia's growth rate to 5 per cent in the first half of this year, the lowest (or many years, a basic optimism within the government precludes draconlan budget cuts or a substantial tightening of import policies. The702 words
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485 1982-08-07 4 AFP UPI GOVERNMENT and industry in Hongkong have vehemently criticised a threat by the European Economic Community's chief textile negotiator to. take unilateral action against textiles suppliers who resist quota cutbacks. Hongkong is one of the six major Asian textile exporters toAFP; UPI - 485 words
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408 1982-08-07 4 NYT THE Bechtel Corp, renowned (or its global engineering expertise and its Washington political connections, yesterday asked permission from the Reagan Administration to talk with Japan about building a large Japanese nuclear reprocessing plant capable of extracting* 1,200NYT - 408 words
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Article171 1982-08-07 4 CARRON Holdings, a company that supplied Wellington with bis cannons at Waterloo and armed Nelson's fleet for Trafalgar, has fought and lost its last battle. The company, which began selling armaments mere than 200 years ago, has declared itself bankrupt, the latest victim of Britain's economic recession. Oferron171 words
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319 1982-08-07 4 Reuter THE reluctance of Britain's General Electric Company (GEC) to join in a rescue of the West German electrical concern AEG-Telefunken has delayed urgent financial aid to the group, banking sources in Frankfurt said. It had also forced a rethink of long-term rescueReuter - 319 words
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Article374 1982-08-07 4 AT CONVENTIONAL WHARVES Vessel Berth Agent Arrival Departure KEPPEL WHARVES Benjamas 35/6 Leo alongside 6.6.82/1300 Centaur 1/2 SSPL alongside 6.8.82/2300 Cherry Laju 28/9 Lian Soon alongside 6.8.82/2300 Jenson 22 Thong Soon alongside 6.8.82/0700 Lampung 33/4 BakkeSD alongside 6.8.82/0200 Nata 6/7 Everett alongside 6.8.82/1800 Reefer City 13/4 Reefer374 words
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Page 4 Advertisements
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Advertisement99 1982-08-07 4 I Penguin Author Born in West Africa, William Boyd went to the universities of Nice, Glasgow and Oxford. An awardwinning novelist, short story writer and critic, he lives in Oxford where he also teaches English Literature. X a r* AND HIS EBULLIENT. BRILLIANT FIRST PENGUIN A GOOD MAN IN AFRICA99 words
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Article757 1982-08-07 5 ARRIVALS 8orrte* 1 Local Operator Nnber Tlae FTM PAA PA005 0025 JFK/SFO/HKG FT FT71 0040 JFK/ORD/ANC/ NRT/TPE/KUL CAL CD31 0060 TPE SIA SQ101 0806 KUL MAS MH601 0930 KUL MAS MHK2 0M5 KCH RBA BI421 1000 BWN MAS MH671 UQ0 KUL SIA SQ201 1030 HLP CPA CX710757 words
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OVERSEAS
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368 1982-08-07 5 THE New Zetland budget for 1982/83 to March 31 announced in Parliament by Prime Minister Robert Muldoon contained no major changes to existing economic policy. Muldoon imposed a 12month wage antf price freeze on June 22 in an effort to bring down368 words
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219 1982-08-07 5 UPI THE British diver who last year salvaged the richest prize in the history of the sea £40 million (USJ72 million) of Russian gold entombed in Arctic waters since World War Two has been questioned for possible fraud. Scotland Yard said Keith Jessop, 49,UPI - 219 words
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Article598 1982-08-07 5 AP Reuter THE US foreign trade deficit narrowed to |5.1 billion in the second quarter of this year, mostly because of a decline in oil imports, the Commerce Department reported on Thursday. The April-June deficit, down from $6.1 billion in the first quarter, put theAP; Reuter - 598 words
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477 1982-08-07 5 NYT Reuter WITH 1982 sales already shredded by deep consumer resistance to showroom prices, US car manufacturers are planning their smallest price increases in years for the 1983 models. The General Motors Corp began notifying its dealers in late June thereNYT; Reuter - 477 words
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627 1982-08-07 5 Reuter THE European Community has drafted a vehement protest to the US over its ban on American equipment and technology (or the Soviet gas pipeline, describing the move as unacceptable interference in its affairs. The 15-page protest note, compiled in meetings over theReuter - 627 words
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Article165 1982-08-07 5 AP ELI Lilly and Co has announced the voluntary withdrawal of the anti-arthritic drug, opren, from the worldwide market including South-east Asia. In a statement issued by the company's South-east Asia regional office in Singapore, Ell Lilly said that the ministries of health in Singapore,AP - 165 words
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WORLD IN BRIEF
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Article533 1982-08-07 5 Agencies THE US and EEC have reached agreement on most points in their negotiations over the level of European steel exports to America. US officials yesterday declined to state the precise terms of the pact. Any agreement reached would be a tentative one. It would then beAgencies - 533 words
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202 1982-08-07 5 AFP A HONGKONG My an» paper jiirtiaday eharged that the Preaeh generate Heagkeag experts d The Bmtk Otm Muwĕh Pmt, isilhigrepsrts by the the Preach |mwit Is pi it) ii lit J" ps a writerribs salt hi a weaaM aasaeeessfally aekiag PraaeeAFP - 202 words
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Page 5 Advertisements
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Advertisement509 1982-08-07 5 SINGAPORE LAND LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT $I<XMXXM)OO 8% Unsecured Loan Stock 1962/89 Procedure for Final Payment Loan Stockholders are reminded that payment for the final instalment on the above Loan Stock must be made by lodging intact partly paid Loan Stock certificates in accordance with the509 words
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Advertisement255 1982-08-07 5 In one beigian gastronomic TALE, ALL GOCO SOLE GOES TO HEWEN. U our sole a la Ostendaise (sole I I with seafood In a fresh cream bisque) are so heavenly as to send the women of Begulnage back to their cloisters praying for more. i Originally tne Begulnage women I255 words
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601 1982-08-07 6 A FASCINATING book has appeared in South Korea, aimed at helping the people of that country when they come into contact with Westerners. Its objectives are laudable, even if some of the advice it gives strays close to being laughable. However, the601 words
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Article, Illustration801 1982-08-07 6 FOX BUTTERFIELD - After a prolonged economic decline that lasted from the Great Depression until the 1960s and a slow upturn in the *****, business confidence has returned to Boston, Massachusetts, reports FOX BUTTERFIELD. This is reflected in a major construction boom that will almost double the number ofNYT - 801 words
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363 1982-08-07 6 AIS A PROJECT under way in Australia may change the appearance of the country's landscape and the way in which Australians think about their country. The Year of the Tree campaign, organised by the United Nations Association of Australia, includes inAIS - 363 words
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Page 6 Advertisements
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Advertisement396 1982-08-07 6 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 accumulated396 words
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Page 6 Miscellaneous
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Miscellaneous756 1982-08-07 6 Walking for physical fitness WALKING to the cheapest ud Dmt natural form of exercise far gsod heattk. Hm programme, Walklag tor PkyakmJ Fltaem (Cb t, 1.25) explains why it to Impsrtaat far mhmm walkers to have a ftiwgt medical r Lamination, a proper walking programme, the right kind sf shoes756 words
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Article, Illustration1309 1982-08-07 7 LAN STEELE - In just a quarter of a century, satellites have become as much a part of our world as the telephone. It has, lAN STEELE writes, also become a critical factor in the daily workings of rich and poor countries alike. LAN STEELE THE space age is a quarter1,309 words
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Article, Illustration1798 1982-08-07 7 DANIEL DEUDNEY - The most important lesson from space exploration, says DANIEL DEUDNEY, a researcher with the Washington DC-based Worldwatch Institute, is its reaffirmation that mankind's fate will be determined here on Earth. DANIEL DEUDNEY Depthnews Science SPACE activities affect most people. Space is only 130 kilometres fromDepthnews Science - 1,798 words
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Page 7 Miscellaneous
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Miscellaneous663 1982-08-07 7 CRYPTIC PUZZLE 4 Fondle Mercedes? (6) 7 She has to trim everything back (8) 8 Act as a racing handicapper' 10 It can be rated a step (5) 13 It hurts if you break it in person (4) 14 A foreigner in trouaer buttons (4) 15 The one in Wood663 words
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Page 8 Advertisements
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Advertisement214 1982-08-07 8 vv l v 1 W here to wine, dine and entertain nf\ 'Iv' wttti the American Express Card Have lock Road, Singapore 0)16 TeL 73)2061 IF YOU'RE LOOKING FOR A SUPERB WEEKEND TREAT... COME TO OUR POOLSiDE Try succulent barbecued spare ribs, juicy steaks and chops, kingsized prawns, spring chicken214 words
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Advertisement184 1982-08-07 8 for sushi. for teppcinvciki. for other authentically Japanese delights. liir rt 'M 'i ;!'< >ri((ii, 'h) Jk<& ruin r\ I*;i rk li< -r; if <»i i '"ti I 114: i|»« ir« F NUTMECS offers 10.30 a.m.-3 p.m. $21 ++per person Pteose call *****88 ext 663 tor reservations hyatt Reg€MCy©Singapor£ 1J184 words
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Advertisement207 1982-08-07 8 I he perfect end to a romantic Jrive. ii\ i; omi\i \r,S I s I I K I iu- hm urntk ..tpv t(n-I\i!ni■!r;;i>: tc. i .:<•> .tvit .inikKr .1 no* «»t'i:reenerv. iV.tir 10-. ~v v !t l, :!ie 1M ;<erfunuJ tl.uu-rv S»fr. JrtwtoauTv sw:..lpl.ue. Ilu' h\.' onnntn!- nur mj RrM.nir.in'207 words
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Advertisement149 1982-08-07 8 Jazz up>our favourite drink with the Louis Tan Three-Q Get into the beat with Asia's leading jazz musician, Louis Tan. At The Lounge. Every night/ It's the nicest way to jazz up your favourite drink. exctpt Sunday A great place to be. si i i i "V i "V, v149 words
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Advertisement97 1982-08-07 8 This is Thai Seafood at its authentic best So fresh, it could have been alive 15 minutes before coming to your table It was. An enormous variety ot succulent seafoods expertly prepared by Thai chefs in our kitchen Siamese Seafood Restaurant MjCKpn IXTB Penang Road, Singapore 0923. Tel: *****11 (2097 words
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RAW MATERIALS
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Article293 1982-08-07 9 'THE Singapore rubber market yesterday closed steady with August One RSS buyers quoted at 179.00 cents a kilo, up 0.75 cents from Thursday night, dealers said. Prices rose some 0.75 cent during quiet morning trading on some covering support, after a slightly lower opening. Prices remained unchanged during the293 words
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Article322 1982-08-07 9 RA8 price* In cent* per kilo yesterday: Noon (per Ulo) Buyers Sellers tot. 1 R.S.S. prompt f.o.b. 178.00 179.00N Int. 1 R S S August 11* 00 179.50 tot. 1 R.S.S. September 179.00 179.50 tot. 2 RAS. 172.00 174.00N UK/Ooat 171.00 173.00N tot. 3 R S S 168322 words
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Article83 1982-08-07 9 NOON SSI R and SMR piiai ymutdmy1A1 SSR20 SSR SO MKXLB SMRCV SMS L SMR5 SMRCP 8 MR 10 not 20 SMR5G ti until ii iiiiiii Aiful (Cvreat Mtk) Bajrer* Sellers tf ***** I60.00N t) 156.50 157-50N 8*fttak«r t) 199.00 201.00N i> 199.50 201.50N 186.50 188.50N L'NQ83 words
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Article32 1982-08-07 9 Rubber: Aug 6 Singapore: Aug: 179.00 cents (up 0.75 cent) Malaysia: Sept: 199.00 cents (up 0.75 cent) Tin: M 529.15 per kilo (unchanged) Official offering: 230 tonnes (down 87 tonnes)32 words
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Article51 1982-08-07 9 THE STRAITS TIN price in Penang yesterday as unchanged at the ITA floor level of M 529.15 a kilo, dealers said. Interest centred on buffer stock manager purchases while other bnyers were absent. Turnover dropped to 231 tonnes from 317 on Thursday and there was no rationing, dealers51 words
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Article198 1982-08-07 9 WHEAT futures in Chicago on Thursday closed on a steady note, off two to 3'4 US-cents a bushel, with December limited to a four cent range. A strong US dollar and weakness in precious metals and financial markets pressured wheat from the opening, traders said. The lowa Commission House198 words
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Article228 1982-08-07 9 SOYBEAN futures in Chicago on Thursday closed at or just above contract lows, down nine to 10-Vi US-cents a bushel, with November held to a 4Vi cent range. A strong US dollar and forecasts for additional rains across the midwest pressured futures from the opening. Private projections for a228 words
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Article126 1982-08-07 9 The Kuala Lumpur crude palm oil market yesterday closed higher on covering in moderate trading, dealers said. In August south rose Ms2o to $700 a tonne and central five to $685 while north was unchanged at $675. In September south firmed $20 to $700 and north $10 to126 words
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Article902 1982-08-07 9 OOmuj: Robusta futures were steadier at midday, between £4 and £1? a tonne above Thursday's close in traded positions. Dealers reported commission and trade bouse buying as charts and computer projections point to further gains. The stop-loss buying evident at Thursday's close continued, they said. A feature at902 words
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Article87 1982-08-07 9 THE Malaysian Minister of Finance has fixed these rates for the period from August 5 until further notice: Bather: 199 cents a kilo for RSS One; Capra: M 5499.00 a tonne; Pala kernel: 1955.75 a tonne; White pepper: $3,045.17 a tonne'; Black pepper: $2,145.00 a tonne; The87 words
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323 1982-08-07 9 THE market was shaken of its lethargy this week by an unexpected technical squeeze, particularly in the Malaysian sector, which took the price up 6Vi cents from its low before profit-taking pared the gain, Hattday, Cutter, Bath •ad Campaay said in its review for323 words
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179 1982-08-07 9 Reuter AN International Tin Council (ITC) deputation will ask the US government in Washington to suspend temporarily, stockpiled tin sales and resume them only when the market has recovered. ITC delegates in London yesterday said in view of the weak market andReuter - 179 words
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Article174 1982-08-07 9 CHINESE PrtdiM Exckaage, Hlngiperr, mm eMig prices per IM kg yesterday. Cwtnt ell: Bulk fob $89.00 sellers, old drum (in second hand drum) fob $101.00 sellers, new drum fob $105.00 sellers. Cepra: Mixed (loose) $45.00 buyers. Pepper: Muntok white pepper fob Asta NLW $310.00 sellers, Sarawak white pepper174 words
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Article196 1982-08-07 9 YARN and cotton prices were quoted as tcJowr i« Hongkong yesterday. (In HK dollars, spot ex-go-iio»i) Uttw yara: China Blue Phoe>iix 20s 2,455 32s 3,140, 40s 3,310 (per bale of 400 lbs). Piece ge.tds: China Butterfly and Globe brand unq; rVagon Heed unq; Five Lambs unq; Flower and Butterfly196 words
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Article324 1982-08-07 9 SINGAPORE: Yesterdays closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.00, 100 per cent second class 0.85, 100 per cent third class 0.80, 25 per cent new crop no stock, B-10 per cent 0.77. THAI BROKEN: A-super 0.60, Special 0.55.324 words
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INTERNATIONAL STOCKS
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Article163 1982-08-07 9 ADO 06 Fls A AM 286.00 -4J AboM M Akio 25-20 -0.4 AMEV 88 50 >2 Aahi 78.70 -0 7 Anrobnk 41 JO -14 Bwgo 11 21 80 unch E 56JO -01 Borsbmtl BMun&nn 9800 33 50 unch unch GMBd 27 JO 0.1 Catae Delft 201 50 Deli j163 words
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Article247 1982-08-07 9 AUG 05 Frs CORBEILLE Alr-LiquMe tso 1 'b B S N Gervais Danone 1335 -11 CSF (Thomson- Csfl IMm .<• CI* Francalse des Petroles 100.10 +08 Compagnle Financier? Compagmr General* Credit Foncler De Franc* 355 i Hachcttc (Libraine) 156 -9 Machines Bull 28 30 -085 Mlchelin (B) san -11247 words
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Article139 1982-08-07 9 AUG OS Dm Aef-Telefunken Akzo Alls Leben Alii Vers BASF Bay H T Wbank Bay Vbank 29.50 117.40 -1 -1.7 -08 BBC RMW -2 Cassella Chem Verw Commerzbank Conll Gummi Daimler-Benz Degussa 131.90 48J0 302 00 -1.1 -0.5 -2J Deutsche Bank Dresdner Bank Dl Texaco Dyckerhoff ST A Enka139 words
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Article80 1982-08-07 9 AUG 05 rn forward market Acec Arbed Astur Brascan Bru-Uoib Canpae 77 'lllll ill!! Cock 139 -1 t> B*?rs 230 -2 Ebes 1720 -15 Eleclrobel 4285 45 Ob-Inno-Bm 2685 428 Ov 1800 Hobok 3215 -50 Petro 4490 10 Ryl Dutch 1530 Sldro 1274 -t Soc On Beif 1158 -2280 words
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Article188 1982-08-07 9 AUG 06 Francs Actions Sulsses m -I Alusulsse Br 435 -1 Alusulsse Reg IX -I Brown Boverl Br 830 -15 Clba Oelgy Br 1340 S Clba CJeigj p c 1006 -10 Clba Oetgy Reg Credit Suisse Br 567 1M0 -J -10 Credit Suisse Ref 308 -4 Elektrowatt Br 2250188 words
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Article99 1982-08-07 9 AUG as Lire Butofl •> -10 Bet ***** -1400 Central* Ord 2575 •US -1 Com Arqua Roma 1S1 Erldanla MOO -110 flat Ord I« unch Generall 1 .1730 Olm 2505 -136 Ifi Prlv 3500 -50 Invest 2150 -330 -aoo Italrementt Ord ***** Haifa* 190 -ws Lepetlt Ord ***** -110099 words
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Article210 1982-08-07 9 AUG 05 Abiiibt c» Imp Oil 'Into 10 s s •1* Alcan ll'l 23 S Inl Pro* Pipe MS K Alfomt J4'l unch Inl UU Intl 15s B Bin It Mont Bank Nova Srotla Bell Tel Corp It 23'. MS V ulll nicifl Kerr Add Lob law B Ms210 words
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Article1244 1982-08-07 9 NEW YORK STOCK prices on Thursday closed at their lowest level in more than a month, reflecting growing pessimism about the outlook for interest rates and the economy. The Dow Jones industrial average was off more than six points throughout the day and finished down about1,244 words
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Article271 1982-08-07 9 AUG OS Rand INDUSTRIALS A Alnlu til Abrreoa M AT. And n mm unch AMIC Bar lows Cume n. Dt Bern aao m ISJD >100 unch 21 MOB nance 230 ft unch Edron Ed«us f ed vol* 9MB unch ru«n 236 OtnHtn OwnanJ OnlMin 7X urvrh Hippo HlrcM HuletU271 words
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Page 9 Advertisements
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Advertisement7 1982-08-07 9 APOLLO ITwali* RMfaurantli Nh» Ctub TEL: *****667 words
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1644 1982-08-07 10 BID and offer prices officially IM and business la «ad reported to the Stock Exchange 0f Mimpat yesterday, with the number at shares traded shown la brackets in lots at 1.000 units, unless otherwise specified. SECTION ONB INDUSTRIAL S COMMERCIAL A*mm (2MB)1,644 words
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Article194 1982-08-07 10 i I r«J i (NiH|n > prtM The Commerce Mr Aug M) u$ in (MM^n 1 prteaeMr AagIBM) nh—<i The Saving* Fund LM LSI 8 pore Fd (US») •A 05T S'pore Prof Fund 1.19 1-21 m 1.13 1.23 S port See. Fund LM l.TTnd (Juiy) S'pore Invest Fund194 words
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Article2839 1982-08-07 10 1 High MS Low > Company Last Sal* +orGr's D1t Dto Cw Gr's Y*ld N*t P/K Vol C000) I DM High Low SECTION ONE INDUSTRIAL ft COMMERCIAL 390 233 308 320 141 291 247 155 235 316 78 158 248 240 Acma Alcom Allied Choc BAT Bata2,839 words
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Article1335 1982-08-07 10 BID and offer prices officially listed and business in and reported to the Kuala Lumpur Stock Exchange yesterday, with the number at shares traded shown in brackets in lots at 1,000 units, unless otherwise specified. MKMIBIAL» tomm (3 .106) (IMS) Ataaa (1.058) (1) 104 (3) 1.05 cd1,335 words
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Article87 1982-08-07 10 HOTEL Grmad ChM: Fourteenth Annual General Meeting to be held at The Conference Room, Hotel Grand Central Building, 22 Cavenagh Road, Singapore 0922 on August 10 at 11.30 am MALAYSIAN r—tshHM (1174) Berfcad: Eighth Annual General Meeting to be held at Bilik Temenggong, New Tower Block (lit Floor),87 words
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949 1982-08-07 10 AFTER eight straight days of sharp falls, the Hhppiw Btook market wm iMwwl a yMtofday. Several shert nam emerged lutag the day to ©ever their position* ahead ef the hag three day wMkcudi However, lasers ■early tm to aae. The Straits Hones lad astrial949 words
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Article453 1982-08-07 10 MOST shares were narrowly traded at the Kuala Lumpur stock market yesterday in very thin trading as investors continued to stay on the sidelines. After an opening around overnight levels, prices hardly moved in either direction. This resulted in a substantial number of counters remaining453 words
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COMPANY NEWS
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646 1982-08-07 11 NYT THE widely accepted tenet in Hongkong is that every man is aa tree to lose money as he ia to make it. It applies to buiine—*s large and small, but apparently not to Hongkong's giant neighbour, China. In a deal that looks suspiciously likeNYT - 646 words
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Article623 1982-08-07 11 NYT THE Manville Corp, a premier name in building materials in the US and one of the 30 components of the Dow Jones Industrial Average, is more troubled even than the stock market. About three years ago employees of companies that used the asbestos products of theNYT - 623 words
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ASIAN STOCKS
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Article441 1982-08-07 11 THE markert yesterday closed lower in sympathy with Wall Street but turnovers were light. The All Ordinaries index lost 1.5 points to 467.8, with the all industrials index down 1.4 points at 619.9 and the all resources index 1-6 point lower at 344.4. BHP closed the day 14 cents441 words
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Article383 1982-08-07 11 HONGKONG PRICES yesterday closed higher for the first time in two weeks following shortcovering and bargain-hunting support. Despite the sharp fall overnight on Wall Street share prices strengthened throughout the day, although trading was quiet towards the close. The Hang Seng index closed 27.60 points higher at383 words
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Article427 1982-08-07 11 THE weakness of the yen and the decline on Wall Street yesterday continued to undermine share prices for the third consecutive day, but the initial downtrend was checked by shortcovering in margin trading. The market average fell 24.39 to end at 7,068.28, bringing the combined loss427 words
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Article181 1982-08-07 11 SHARE prices yesterday declined in slow and selective trading, dealers said. The Book Club index fell 0.41 point to 95.08 on turnover of 8.1 million baht. Bangkok Bank dropped two baht to 212, Siam Credit three to 73, Rama Tower 1.50 to 61.50 and Industrial Finance Corp one to181 words
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Article90 1982-08-07 11 THE stock market was firm yesterday as oils rose 0.114 to 2.265, mining 1.32 to 901.32 and commercial/industrial 0.90 to 91.1. Turnover was up to 3.5 million pesos against Thursdky's 2.9 million. Bcnfuct Con. B CDCP Pint Phil MMfi LepanU) B. 14* «J0 ojm OJS uneh -«1 M01 Mf90 words
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Article179 1982-08-07 11 ABOUT 3M werkers were NtvcMhod ywtfrti) the Baa Eleetreaics factory la Shah Alam wheUy-ewaed sahsMlary el TcUha Malayria, eleeed dawn. lie waiters received the "sheek aaaeaaeemeat" at I Blhey were UU to ealthelr wages aad leave the factory. Wertert nM ezeeatlvee ■fcM to then that the179 words
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739 1982-08-07 11 CHRIS LIM - Market Talk... By CHRIS LIM THREE listed companies under the Malayan United Industries stable, Ceatral Sagars, Paa Malaysia Cement Warfcs (PMC) and Pan Malaysia Bahher ladastrles (PMBI), have been recommended for investment by a local stockbroking firm. The earnings per share of PMC and739 words
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Page 11 Advertisements
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Advertisement511 1982-08-07 11 2 zc cc a es > p H O z «9j s H H 03 < S z A cu < r O z >—< There is no limit to growth. But steps must be taken NOW. Securing a position in the market is like RULING BY SHEER PRESENCE. Nobody511 words
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280 1982-08-07 12 TOSHIBA (M) Bhd, manufacturer of consumer electrical products, has stopped production operations of its 80 per cent-owned subsidiary, Sun Electronics Sdnßhd. In an announcement to the Singapore Stock Exchange yesterday, the parent company said the move was decided "in order to cut losses280 words
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Article41 1982-08-07 12 MR ABDUL Rahman bin Rami! and Mr Douglas Michael Gold have resigned as directors of Beat» flastalfan and Taiftag CanaMated from Aug 5. At the same time, Mr Mohamed Sulaiman has been appointed director of the two companies.41 words
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Article728 1982-08-07 12 LONDON share prices moved lower across the board yesterday, mainly in reapooae to the overnight falls on Wall Street, dealers said. Selling was light, but most lames ended at the day's low point and the Financial Times index at 3pm showed a (all of 11.1 paints at 548.5.728 words
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Article97 1982-08-07 12 AP NEW YORK stock prices headed lower again yesterday morning amid contiftuing concern over the economic outlook. The Dow Jones average dropped 119 prints to 793.68 in the first hour. Losers took a 3-to-2 lead over gainers. The US government reported that the country's unemployment rate jumpedAP - 97 words
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Chief Price Changes
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Article134 1982-08-07 12 Rises Indices Gold Cote 206 OCBC T8B PMC SN Vu D«r Harst MO Ttl LN Buk 3M NIT 1M 1*1 Hmc 113 OUB 575 Nat Iraa 500 Falls 12 10 +S 8 +0 +0 +0 +5 5 BT Indicator: ST Industrial*: ST Finance: STHoteta: ST Properties: ST Minings: ST134 words
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Article, Illustration164 1982-08-07 12 Rites Indices 610 154 204 376 179 +20 +11 +08 +06 +04 Aug 5 Aug 6 A Hltam (T) MBT Index: *****8 *****3 NBT* PMC Lion Corp NST Industrials: 778.38 776.11 NST Finance: NST Hotels: NST Properties: 1316 38 ***** 708.54 1296.50 605.06 707.75 Falls NST Tins: *****164 words
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Article50 1982-08-07 12 FINANCIAL TIMES INDUSTRIALS Thursday 560.7 Wednesday 900.3 Week Ago 566.4 Friday 1160.62 Thursday 1142.08 Week Ago 1182.75 AUSTRALIAN INDUSTRIALS DOW JONK8 AVERAGE INDUSTRIALS Thursday 796.85 Wednesday 803.46 Wmk Ago 81X21 Friday 619.8 Thursday 621.4 Week Ago 618.7 ALL ORDINARIES Friday... 467.4 HJLHANG SENG Thursday 460.2 Week Ago 465.050 words
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422 1982-08-07 12 CHAN OI CHEE - Companies Editor: Mano Sabnani By CHAN OI CHEE INTRACO, the government-backed international trading company, is stepping up its business with the Republic of Maldives. Intraco has ventured into the resort business in the island nation through Simalco Enterprise Pte Ltd, a Joint venture with422 words
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Article525 1982-08-07 12 DUNLOP Singapore Sdn Bhd, a wholly-owned subsidiary of Dunlop Malaysian Industries, has mapped out a two-pronged diversification plan to ensure profit growth. General manager Mr R M Burlison said one approach is to diversify into trading of non-Dunlop products. It has taken a major step in525 words
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483 1982-08-07 12 Reuter THE outlook for US corporate profit for the rest of this year is more promising, after a second quarter in which profit was affected by recession and high interest rates. Although leading economists in New York said they are divided onReuter - 483 words
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Article, Illustration202 1982-08-07 12 OVERSEAS Union Bank has announced the name* of the underwriters for part of its proposed rights issue of $100.61 million convertible unsecured loan stock. The loan stock is ined at par on the basis of one unit of loan stock for every two OUB riiares held. Hie202 words
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124 1982-08-07 12 SINGAPORE Land has announced the procedure for the final payment on its 1100 million 8 per cent unsecured loan stock. Stockholders are to make payment by sending partly-paid loan stock certificates together with $500 per $1,000 nominal amount of stock to Barbinder A Co not124 words
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246 1982-08-07 12 ALUMINIUM Company of Malaysia has ihade a sharp turnaround in earnings following the setback suffered last year. The company reported pre-tax profits of M$2.Q2 million for the six months to June 30 this year as against a loss of 11.39 million in the246 words
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Page 12 Advertisements
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Advertisement110 1982-08-07 12 in a Quandary over a gift or souvenir i rf, llff Pfc r 3>f St'o Os Sin Sap °fe tographic l Peccinotti rfcA "Tr-r. <T>f. jL caricatures of The definitive book on Singapore's national flower w .wa? '^"'1 For children aH ages and i young at heart Select a book110 words
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Page 12 Miscellaneous
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Miscellaneous58 1982-08-07 12 OUTLOOK for Singapore today: Fair except for some showers in the afternoon. Bepert far 24 hnn priar te 7Jt pm m Aug at the airport: Maximum temperature 32.0 Associated humidity 66 Minimum temperature 23.5 Associated humidity 90 Hours of sunshine 6.70 Rainfall in millimetres 13.7 Total rainfall for the month58 words
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