The Business Times, 19 March 1983
1983-03-19
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The Business Times
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Title Section10 1983-03-19 1 BUSINESS TIMES M.C.(P) No. 67/1/83 SATURDAY, MARCH 11,1*83 60 CENTS10 words
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390 1983-03-19 1 RICHARD SEAH - By RICHARD SEAH SOUTH Korean and Singapore companies find it difficult to have joint investments because the two countries have similar industrial structure and are at about the same level of industrial development. Yet such joint investments are important because pooling resources and expertise390 words
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143 1983-03-19 1 BANKAMERICA Corp had US$6.BO billion of credits outstanding at the end of 1982 to three Latin American countries with liquidity problems, the company said in its annual report. The credit exposures were about $2.50 billion to Mexico, $2.30 billion to Brazil and $2.00 billion to Venezuela.143 words
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Article385 1983-03-19 1 SINGAPORE could become Asia's new centre for funds management because of uncertainty over Hongkong's political future, a Bank of America report said. The report, prepared by the Asia division, noted that three major merchant banks Morgan Grenfell (Asia), Wardley, and N M Rothschild and Sons have385 words
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552 1983-03-19 1 CHOO AI LENG - By CHOO AI LENG PROMET Bhd has announced sharply higher earnings (or 1962 and its first dividend after many years. The Malaysian-based group yesterday said it achieved pre-tax profits of M 365.8 million, an increase of 57 per cent over the $41.9 million made in552 words
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Article441 1983-03-19 1 HITACHI Electronic Devices, the only manufacturer of colour television picture tubes here, expects demand for its product to grow steadily over the next few years. Director Mr H Yasunaga estimates the local market will grow by between 10 and 15 per cent annually. The export market is441 words
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BRIEFLY...
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Article79 1983-03-19 1 Reuter THE Australian Labour government is against granting foreign banks entry to the domestic retail hanidng system, Prime Minister Bob Hawke said. Answering questions on the government's attitude to the move which was going ahead under the previous Conservative government, Hawke said in Canberra: "We do notReuter - 79 words
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Article73 1983-03-19 1 Reuter FIRST Pacific Holdings Ltd (FPH) plans a seven-for-one rights issue to raise about HKJ7SO million to finance a planned acquisition of the Hibernia Bank of San Francisco, FPH executive director Robert Meyer said. The Hibernia bank, which has 33 branches in the San Francisco Bay area,Reuter - 73 words
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Article53 1983-03-19 1 THAILAND'S army yesterday failed to overturn a parliamentary vote that guaranteed a return to full civilian rule and was designed to keep the armed forces from political power. An apparent last ditch attempt to restore the army's political influence by means of procedural manoeuvring to challenge Wednesday's53 words
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Article74 1983-03-19 1 Reuter THE WEST German Federal Cartel Office has approved the acquisition by Thomson-Brandt SA of 75 per cent of AEG-Telefunken AG's wholly owned consular electronics subsidiary, Telefunken Fernseh und Rundfunk GmbH (TFR). Sources at AEG, which will continue to bold 25 per cent of TFR, notedReuter - 74 words
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Article95 1983-03-19 1 Reuter IRANIAN Oil Minister Mohammad Gharazi told a Teheran press conference Iraqi air raids earlier this month on Iran's Nowruz offshore oilfield had caused an oil spillage estimated at 5,000 to 6,000 barrels a day, Kyodo news agency reported from Teheran. The Japanese news agency quoted Mr GharaziReuter - 95 words
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Article90 1983-03-19 1 AFP THE West German mark and the French franc briefly moved out of the European Monetary System (EMS) on the London exchange market yesterday, in what dealers described as an "accidental" slip over their trading ceiling. Dealers said that the two currencies were never actually dealt over theirAFP - 90 words
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Article35 1983-03-19 1 Reuter JAPAN moved yesterday to ease trade friction with the European Economic Community by introducing minimum export prices for video tape recorders (VTRs) shipped to Western Europe, government officials in Tokyo ReuterReuter - 35 words
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460 1983-03-19 1 LEE HAN SHIH - By LEE HAN SHIH SINGAPORE may get a high-technology investment by default. The investment, said to be more than 116 million, was originally planned for Hongkong by America's Data General Corp. A recent report from Hongkong said the company decided to abort its460 words
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Article149 1983-03-19 1 FIVE banks yesterday signed a "club deal" in Singapore to lend US$4O million to the Malaysian International Shipping Corporation (MISC). The five are Malayan Banking (the agent bank), Bank of America, National Westminister Bank, Mitsubishi Bank and Sanwa Bank. The 10-year loan, repayable in five149 words
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Page 1 Advertisements
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Advertisement235 1983-03-19 1 WW P*V Kill .VI il b. J ll'' »:i: i> Imprvvlmg trade tin ...pagcS ttMKDBI THE West German Bundesbank's key lending rate cuts have created conditions for a speedy realignment of the European Monetary System Page 2 DEEP fried potato chips will soon be sold by a coin-operated vending machine235 words
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Advertisement92 1983-03-19 1 Lynx Is synonymous witn the finest golf gear. Now. with their new USA irons and woods, you nave in your hands the most fearsome clubs on the course. New Design USA Irons Close alignment of blade and shaft Husky profile with sleek, thin top edge Radius added to bottom edge92 words
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Advertisement167 1983-03-19 1 The Straits Compan.es' Times Kny Personnel DIRECTORY Agencies Singapore (Buku Werah) < //f/zst/rs /7/~ts /^r .1 AN V In time with time ***** 6110 V r 897 >3-4<m X L—l n 5674/6109 < V> ***** 5211 asm watch cercrm 0-16. KMong Shopping Ontr* CHEW CHCOMQ gEWCLLCM) 230-241. Itt floor Shaw167 words
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BANKING AND FINANCE
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710 1983-03-19 2 Reuter THE West German Bundesbank's key lending rate cuts have created conditions for a speedy realignment of the European Monetary System. The West German Savings and Giro Banks Association in Bonn on Thursday said the central bank's decision will give an additional impulseReuter - 710 words
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Article135 1983-03-19 2 Reuter A GROUP of British investors will file suits in an American federal court next week, claiming a total US$2OO million in punitive damages from PrudentlalBache Securities Inc. a spokesman for the group aid. Alec Snobel, deputy chairman of the group, said that separate suits willReuter - 135 words
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552 1983-03-19 2 NYT MOST companies involved in projects in Iraq are asking banks for 18 to 24 months deferred credit to fund the schemes which the government in Baghdad no longer has money to pay. Only very high priority projects will continue inNYT - 552 words
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295 1983-03-19 2 Reuter INTERVENTION to sappert the Preach fraae has rises sharply as the earreaey has eeme under preaaare Is the past twi weeks, flsaarisl ssarees la Paris said. Tbr Bank •< France's latest halaace sheet ladleatas later veattoa as foreign exchaagea Is theReuter - 295 words
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Article573 1983-03-19 2 ANGELINE TAN - ANGELINE TAN KOREA Development Bank International (Singapore) Ltd (KDBI) will be expanding its local operations to play a more active role in the international banking arena. Since KDBI was set up in November 1981, it has concentrated mainly on loan syndication activities, with the lead573 words
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285 1983-03-19 2 AFP CHINA appears to have reduced its external debt substantially, having reimbursed more than US$5 billion over a four-year period. The New China news agency has reported that at the close of last year, Chinese authorities settled a debt of $5.1 billion contractedAFP - 285 words
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177 1983-03-19 2 Reuter THE US Federal Reserve vice-chairman Preston Martin yesterday said the outlook for interest rates is uncertain because of scepticism that Inflation will remain low. He told the Senate banking committee in Washington such scepticism is understandable. "A year or two of progress, followingReuter - 177 words
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Article108 1983-03-19 2 Reuter BORROWING on international markets is expected to fall in 1983 to between US$l45 Milton and $155 billion from $170 billion in 1982, the Organisation for Economic Cooperation and Development said in Paris. However, borrowing is expected to recover from relatively low levels at the beginning ofReuter - 108 words
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MONEY AND EXCHANGE$
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Article331 1983-03-19 2 GOLD FUTURES in Singapore yesterday fluctuated narrowly throughout the ■«inn in quiet trading before closing slightly firmer than the overnight New York levels. Total sales for the day was recorded at 89 lots while kerb volume at 198 lots. Prompt closed little changed at USHIB.SO/422.00 an ounce compared with331 words
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Article435 1983-03-19 2 THE US dollar opened firmer against most major currencies on the local foreign exchange yesterday. Against the Singapore dollar, the US unit opened at 2.0860/70. It fell to 2.0650/60 in the morning and stayed at this level for most part of the day. It slid to the day's435 words
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Article146 1983-03-19 2 THE DOLLAR for overnight delivery yesterday closed easier at 238.60 yen in quiet trading after opening at 239.30. This was below the 239.60/ 80 finish in New York overnight, but above the 237.06 close in Tokyo on Thursday. Trading volume was a light $1.10 billion. The dollar rose slightly146 words
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Article22 1983-03-19 2 THE tTtrafe rats At which major Singapore banks are currently prepared to lend to their best customers is 9.25 per cent.22 words
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Article179 1983-03-19 2 ASIAN ASIAN currency deposit interbank rates as at close on March 18: US MUn(SMt) Offer SU 7 days 9 3/18 91/16 1 month 9* 9* 2 months 9* 9* 3 months OH 9* 6 months 9H 9M> 9 months 911/16 99/16 13 months 9* 9* Dwi SwJn. IHUiL 1 month179 words
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Article45 1983-03-19 2 RANGE of price* offered by discount houaes on March U: Overnight 3<« OB deposits: 3 CUi| Bartaf SeUiM 3-month Treasury bills 2* 2S 3-month Bank bills 6H 64 3 months CD 6 7/16 6 5/16 6 months CD IH 6* Source: National Discount Co45 words
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Article49 1983-03-19 2 RESULTS of tender held yesterday for 91-day Treasury bills to be issued from Mar 21 to Mar 25: Offered: $160,000,000 Applied for: $403,000,000. Allotted: $160,000,000. Accepted hMs: $99.38 approximately 83 per cent; higher bids in full. Avenge rate af discoaat •n aUotmeat: 2.420 per cent per annum.49 words
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Article37 1983-03-19 2 New York io sa 10.(28 um 10.MS Zurich 10.57B 10.BB 10.175 10 75S Prt Tfcan Support 10J5B io ma 10SSS 10.795 Closing prk In US d koUara a troy ouac t. Source: Credit Suisse, S'pore37 words
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Article101 1983-03-19 2 THE US dollar was generally steady in thin pre-week-end trading yesterday amid nervousness because of the possibility of an EMS realignment. The dollar held at 2.3875/ 82 marks after an early 2.3873/80, partly aided by the Bundesbank cut in Lombard and discount rate by one point Banknote rata yesterday101 words
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Article73 1983-03-19 2 FURTHER assessment of Thursday's round of European interest rate cuts helped the dollar extend its overnight advance at the opening but failed to alleviate pressures within the EMS. Opening quotes yesterday: US 1.5007/17 Can 1.8375 «2 Crops 1.2242/« DMk 3.5841/880 D F1 3.9857'9906 S Fr 3.0910/53 70.62 74 F73 words
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Page 2 Advertisements
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Advertisement49 1983-03-19 2 Watch the exciting contests between the teams fcntry Forms for Quiz participants are obtainable from Social Education Section, People's Association Headquarters, Community Centres and Times House, K;m Seng Road Closing date for entries: 4 April 83 Of j* l v People i Association LIM& I?RI3S£ o. T>y» Straits Times49 words
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TRADE AND INDUSTRY
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Article, Illustration308 1983-03-19 3 DEEP FRIED potato chips will soon be sold automatically with the help of a coin-operated machine called Mr Chips. The machine, made by Precision Fry Foods of Adelaide, South Australia, will fry about 125 grams of potato chips in vegetable oil and serve them piping308 words
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Article797 1983-03-19 3 SEMIN AKS AND COURSES March 18,23,25,30: Production Planning and Control Module 11, Regional English Language Centre, NPB March 18-May 31 (Tuesdays and Fridays): Programing Background and Language, Cuppage Centre, NPB March 19: Asean Economic Growth and Structural Changes, Regional English Language Centre, Economic Research Centre March 19: Marketing797 words
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553 1983-03-19 3 [IN PARLIAMENT YESTERDAY J THE construction industry, which is expected to remain buoyant in the next five years, will create about 25,000 new Jobs. Mr Lee Yock Suan, Minister of State (National Development), based his estimate on construction projects in the pipeline, including major553 words
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181 1983-03-19 3 A BRITISH study team is now in Singapore to look at the operations of the Commercial Crime Division and to make necessary recommendations on the changes needed to deal more effectively with white collar crimes, Minister for Home Affairs, Mr Chua Sian Chin,181 words
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Article427 1983-03-19 3 A REVAMP of the present bus system will begin at the end of the year or early next year. The recommendations of a study undertaken by the Singapore Bus Service for this purpose are being finalised and will be made available next month or in May,427 words
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258 1983-03-19 3 JAPAN Servo Motors, part of the Hitachi Group, is investing $18 million over the next five years to set up an integrated manufacturing facility in Singapore. The company, a world leader in the manufacture of precision motors, is the third Japanese stepper motor258 words
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Article, Illustration211 1983-03-19 3 YORK Hotel, a member of the Goodwood group, has promoted Aagetlae to marketing manager. Miss Soh, who joined York Hotel last September as senior sales manager, will head the sales and marketing department as well as plan for the overseas promotion of the hotel. She will be211 words
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413 1983-03-19 3 RICHARD SEAH - By RICHARD SEAH SOUTH KOREA and the Asean countries could bold talks to improve trade between the two. This suggestion came from Mr Lee Kee Ming, president of the Singapore Federation of Chambers of Commerce and Industry (SFCCI), during the inaugural meeting of413 words
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Article315 1983-03-19 3 MACHINEASIA 83, the fifth production machinery and engineering equipment show in South-east Asia, will be held at the World Trade Centre from Sep 26 to 30. This show, featuring the latest in general and specialised production machinery, packaging/plastic machinery and plant maintenance equipment, has attracted more than 350315 words
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Page 3 Advertisements
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Advertisement144 1983-03-19 3 Baron's Table Sunday Branch... you'll love it/ Give mum a break this Sunday and bring the family in for our taste-tempting Brunch. For starters, there's an array of appetizers to choose from. Our Brunch also boasts our famous roasts like baby chicken, loin veal, pork, ham, lamb and sausages. Besides,144 words
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OVERSEAS
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800 1983-03-19 4 Reuter THIS week's Opec oil price agreement is beginning to look increasingly fragile as buyers in London said the Soviet Union was offering a US$l.25 cut in its export price, Egypt had trimmed J2 a barrel off its key blend and British Petroleum (BP)Reuter - 800 words
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454 1983-03-19 4 UPI A GROUP of American mayors found the selling of America is a hard sell indeed in Hongkong. The mayors and other officials, representing some of America's largest cities, went to Hongkong this week for a three-day exhibition aimed atUPI - 454 words
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Article731 1983-03-19 4 ARRIVALS Service Local Operator Number Time From MAS MH811 1040 PEN SIA SQ103 1100 KUL GIA GA960 1100 HLP SIA SQ201 1130 HLP THAI TG403 1140 BKK KLM KL837 1220 AMS KHI/DEL SIA SQ203 1230 HLP MAS MH603 1235 KUL GIA GA940 1235 MES SIA SQ238 1255731 words
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272 1983-03-19 4 NYT THE US Seaate in WashingtM yesterday brake a weekIsag stalemate and approved a recession relief bill containing IJSSS.2 billion U provide Jobs aad hamanltariaa aid for the unemployed. Tke stalemate ended whea Senator Robert Kasten, sponsor sf aa amendment to repeal taxNYT - 272 words
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390 1983-03-19 4 WEST German Economics Minister Otto Lambsdorff has invited major German steel companies, trade unions and regional governments to talks aimed at streamlining the country's stricken steel industry. A Bonn economics ministry spokesman said the talks were called for next Thursday, only a week ahead390 words
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348 1983-03-19 4 THE West German government partners, who emerged victorious from the March 6 election, have reached broad agreement«to cut government borrowing and lighten industry's tax burden next year. The accord implies that there will be cuts in some social benefits perhaps affecting pensions and348 words
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Article295 1983-03-19 4 THE US Justice Department is considering launching an anti-trust investigation into North Atlantic air services after allegations by Laker Airways. The now defunct UK airline claims that major US and European airlines conspired to drive it out of business. Mr Christopher Morris, Laker's liquidator, last295 words
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635 1983-03-19 4 AP UPI THE broadest measure of US foreign trade plunged into deficit last year for the first time since 1979, pulled down by a record drop at the end of the year. A Commerce Department economist in Washington yesterday said the deficitAP; UPI - 635 words
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Article1031 1983-03-19 4 VmmI Berth Arrival Departure MARINA WHARVES KEPPEL WHARVE Europa Ham Luong Jenson Jenhol Kenwood Kota Banteng Marl Boeing Ned Bangkok P Albernl City Seng Qlap Equator IV Gao Yang Gunung Kumawa Hual Yin J Farewell Kota Buana Marigold Ned Nagoya Ned Amersfoort Pravdlnsk PA8IR PANJANG Dellma 1091,031 words
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587 1983-03-19 5 NYT THE European Economic Community's executive commission has said the US economic upturn, lower interest rates and falling oil prices offer for the first time in years the chance of lasting recovery in Europe. But, in a detailed analysis preparedNYT - 587 words
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344 1983-03-19 5 THE United States is trying to persuade reluctant allies to agree on new controls on sales of oil and gas technology to the Soviet Union. The forum for Washington's latest bid for consensus on an issue which has led to trans-Atlantic344 words
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951 1983-03-19 5 AP Reuter AUSTRALIA'S new Prime Minister Bob Hawke yesterday indicated Australia would take a tougher line in trade negotiations with Japan as part of a more nationalistic approach to foreign investment and trade. At the same time, he ruled out the entryAP; Reuter - 951 words
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299 1983-03-19 5 IBM CORP k salag five farmer empleyeea ea the graaada thai they developed a device tor their m pnflt alter galaiag the arrnaeary kaewtedge (ram werklag aa a Mp praject tor the eampater gtoat. lie rtmnlatof filed hi a US District Caart aa Iharaday,299 words
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WORLD IN BRIEF
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Article402 1983-03-19 5 Agencies THE military regime in Argentina has imposed price controls on certain manufacturers and producers in an effort to slow record inflation which saw consumer prices rise 30 per cent in the first two months of the year. Consumer prices rose 209 per cent last year the secondAgencies - 402 words
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729 1983-03-19 5 UPI A PENTAGON blueprint made known in Washington on Thursday urges government spending of nearly USJ2 trillion in the next five years to bolster America's military might as well as envisions stationing US ground forces in the Persian Gulf region. It tones down references,UPI - 729 words
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324 1983-03-19 5 UPI THE Soviet Union yesterday warned Western Europe again against backing the planned deployment of new US medium-range missiles. "Those who are prepared with such ease to allow American missiles into their home, thus placing themselves in a position of Washington'sUPI - 324 words
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505 1983-03-19 5 Reuter THAILAND'S army, making a last ditch attempt to restore its political influence, has won approval for a new session of Parliament to reconsider a verdict which debarred it from power. Four members of the country's elected House of Representatives successfully petitioned speakerReuter - 505 words
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Page 4 Advertisements
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Advertisement25 1983-03-19 4 Pan Am To Hongkong Daily At 8.15 am It's The First F ight The First Flight In Pan Am .You C ant Beat the Experience.25 words
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Page 5 Advertisements
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Advertisement326 1983-03-19 5 TIMES INTER-BUSINESS HOUSES ATHLETIC MEET Saturday, October 8,1983 Events MEN WOMEN 100 m 200 m 400 m 800 m Jt -I 1,500 m 3,000 m (FOR WOMEN) 5,000 m (FOR MEN) 4 x 100 m Triple Jump (FOR MEN ONLY) Long Jump High Jump Javelin Shot Putt Discus Rules Regulations326 words
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Article393 1983-03-19 6 "PLACE COINS in slit. Press desirable button," reads the simple instruction on a vending machine. On other vending machines, the instructions are sometimes quite complicated and confusing. But few can beat the set of instructions referred to by Zephyr on the opposite page. Vending machines393 words
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Article, Illustration833 1983-03-19 6 PAUL BETTS - The increasing shift towards urban life and worries about the alcoholic content of wine have led to a decline in wine-drinking among the French, reports PAUL BETTS from Paris. PAUL BETTS FT FRENCH plonk is in trouble. It is no longer the country's mostFT - 833 words
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Page 6 Advertisements
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Advertisement161 1983-03-19 6 If you want to reach manufacturers, exporters and importers, then Shipping Times is the right advertising medium for you If you're a freight forwarder or in anyway connected with the shipping and cargo business, Shipping Times has |ust the space for you You'll be reaching a very select group of161 words
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Page 6 Miscellaneous
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Miscellaneous194 1983-03-19 6 -IH-OIE CROSSWORD CRYPTIC PUZZLE ACRO6B 9 And ice formed round the vehicle previously (2,7) 10 Line with leather (9) 12 Look for maintenance in return (4) 13 Going off mowed a field (8) t 14 Brings about one hundred assorted tiles (7) 15 Came to one's senses when war broke194 words
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Miscellaneous92 1983-03-19 6 ■aia i i m 3 im-iii. st a m ST: '«■«>■■ HIIIIIIII JHHI JJBI ■I■■ a jJIIIIIMI r'.Ti" rrh s-B"S- DOWN 1 Arranges that one gets rid o< (8) 2 Anniversary for the union of journalists (5,7) 3 In prose form and lacking skill (8) 4 Like the colour of92 words
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Miscellaneous535 1983-03-19 6 paper has a job in TV (4.6) 11 That's nothing to the drink I knocked back with him! (5) 16 Listen out for and answer the call for recruits (6) 19 Save the extra decoration (3) 21 Write in the margin "Shelved" (3,2,3,4) 22 Manage to remove it and escape535 words
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Miscellaneous744 1983-03-19 6 TiVr&WWDTO SINGAPORE 5 1.00 PM Operinf Mowed by Seume Street: Children's educational programme. 2.00 BUckstar The Air Whales of Ancher. Blackstar must find whale Warhoon before the vengeful skycaptain Nihilus. 2.25 Puppets: This film presents a number of puppetmaking techniques varying in their levels of difficulty and complexity. 2.40 Satvday744 words
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Article, Illustration1333 1983-03-19 7 Antony Thorncroft reflects on the Hongkong Arts Festival FT THE chorus line edges on stage, legs high kicking, costumes perhaps borrowed from a particularly decadent night club in Isherwood's Berlin. But what's this: Surely the big girl third from the right is a man?FT - 1,333 words
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542 1983-03-19 7 STRAWS in the c Wind JULIE'S Enterprise in Hongkong, presumably a job agency, obviously believes in the economy of words. Hence this advertisement (left), which calls for some deciphering expertise on the part of its readers/ job hunters. IN SINGAPORE, It hi hard542 words
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Article547 1983-03-19 7 STEPHEN ADDISON - By STEPHEN ADDISON Reuter THE «M trams clanking laboriously between Hongkong's skyscrapers, sae sf the British colony's meat distinctive features, ceald seea be ran sff the read by progress. Na sae could say the grimy, weatherbeaten relies are eemfortable, as sae esald say theyReuter - 547 words
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Page 7 Advertisements
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Advertisement74 1983-03-19 7 $Neg, U/AIB $3,000-$ 10,000 1. Branch Mgr 2. Bills Mgr 3. Branch Officers 4. Credit Analyst 5. Syn Loans Offs 6. FX Settle Offs 7. Securities Offs 8. Programmers 9. Dealer Trainees PositionClks2ooo TOYS Merchandss3,ooo Co-Ord M 52,700 AIR/SEA Cargo Sals4,ooo SHIPPING Crew recruit Purchasing Admin Clk SECRETARIES 100/60 $4,50074 words
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Advertisement201 1983-03-19 7 The travelling Minilab. IMmPHOVE MINILAB COURSE lat>' e X' ava' 'X uag eS lish j'-mm Eng Lang r ica n ricn Arne Fre nisn Eng Arab< c sia n pus Eng man disn Gef man Swe ness (Cast BUS! Eng |,s for dia te on term e ra* eS OP201 words
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Page 8 Advertisements
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Advertisement221 1983-03-19 8 Where to wine, dine and entertain with the American Express Card If you don t alread y have the Card, call *****33 for an application form *«or Singapore Sat3V al Singapore them *ZpSfi« $12* P" k. 7 <o W- 1 CROP'S <yj/^7 ■M ■K rAw J& m m Baron's Table221 words
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Advertisement222 1983-03-19 8 I *r I Mt is A They re spontaneous, exciting. exquisite. they're terrific' Nightly at the Fountain Lounge. Century Park Sheraton. Don't mlaa a i •Ingle performance Ceiitwr) hirk Slhthloii Singapore Where style surrounds you. Nassim Hill. Singapore 1025, Tel: *****77 Telex; CPHSIN RS ***** RS ***** Operated by: ANA222 words
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Advertisement207 1983-03-19 8 \\Mtf WM GL Va Discotheque We re blasting off tonight and every night at Para Wave Discotheque Take off to the stars groove to the pulsating rhythms spun by the dynamic music makers. SoJosa Sgund Services. Business Hours First Drink Charge: Weekdays 4 Sundays 9pm 2*n, $17 00 Fridays. Saturdays207 words
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Advertisement197 1983-03-19 8 At the Inn of Happiness. lYout search is over. The quest accomplished. Whatever you choose, it's bound to be memorable. A A great place to be. •> t Dine in the grand tradition of emperors m Where sumptuous meals are prepared by masters in Beijing cuisine. And served JMNE COURT,197 words
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Advertisement177 1983-03-19 8 T~T l* J k to Hie music off Ihe'lhunderbirds' Sink into a toft chair in your own eoay a cool Httofyina drink in your hen*. fUUx, in the ban way you know. And whsn the drinks finally hit you, lot your thoughts mlt white tht music of THE THUNDER BIRDS177 words
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RAW MATERIALS
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Article1027 1983-03-19 9 COFFEE: Robusta coffee futures ended yesterday morning just below the contract highs, and the highest levels seen for three years, established around midsession when May reached £1,878 a tonne. May finally traded at £1,870, up £39 from Thursday's close while other positions showed gains of between £30 and1,027 words
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Article331 1983-03-19 9 SINGAPORE: Yesterday's closing prices in SJ per kilo, ex-godown: THAI WHITE: 100 per cent first class (Kangaroo) new crop 1.02, 100 per cent second class 0.72, 100 per cent third class 0.68, 25 per cent new crop 0.58, B-10 per cent 0.67. THAI BROKEN: A-super 0.60, Special 0.56. THAI331 words
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Article174 1983-03-19 9 CHINESE Prsdsee Eiekuge, Slug»parr, mm clsrisg prices per 1M k( yesterday. CMMit aii: Bulk fob 196.00 sellers, old drum (in second hand drum) fob $106.00 sellers, new drum fob $112.00 sellers. Cspra: Mixed (loose) $55 buyers. Pepper: Muntok white pepper fob Asta NLW $310.00 sellers, Sarawak white pepper174 words
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Article196 1983-03-19 9 YARN and cotton prices were quoted as follows in Hongkong yesterday. (In HK dollars, spot ex-go-down) CettM yara: China Blue Phoenix 20s 2,495; 32s 2.985, 4Qs 3,210 (per bale of 400 lbs). Pteee gssis: China Butterfly and Globe brand unq; Dragon Head unq; Five Lambs unq; Flower and Butterfly196 words
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Article146 1983-03-19 9 THE Malaysian crude palm oil market yesterday closed easier on short-selling in moderate trading. In the March position, central region fell M 55.50 to Ms7lB a tonne and south M 51.50 to M 5727.50 while in April, south and central lost M 52.50 each to M 5727.50 and146 words
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Article32 1983-03-19 9 Rubber: Mar 18 Singapore: April: 224.50 cents (down 2.00 cents) Malaysia: April: (245.00 cents (down 2.50 cents) Tin: M 530.53 per kilo (up 2.00 cents) 140 tonnes (up 45 tonnes)32 words
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Article66 1983-03-19 9 THE STRAITS tin price in Penang yesterday rose two cents to M53t.53 a kilo, still within the IT A lower sector of Ms2f.ls and M $32.16. The marginal rise was attribnted to buffer stock manager buying. Demand from Japanese, Europe and local operators also helped sentiment. Turnover rose66 words
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Article64 1983-03-19 9 WHEAT futures in Chicago on Thursday closed on a strong note, up 7Vt to three US-cents per bushel in moderately active trade. May traded in a relatively narrow 5V% cent range. Corn futures closed on a firm note after new crop set new contract highs, up 4'/« to ltt64 words
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Article66 1983-03-19 9 SOYBEAN futures in Chicago on Thursday closed nine to 12 US-cents a bushel higher, just off the highs after trading in a 13-cent range in May. Soyproduct futures ended higher on a steady note in improved turnover. Soybean meal closed up 12.70 to $3.30 a tonne. Soyoil finished up66 words
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Article266 1983-03-19 9 LEVELS seesawed in volatile and uncertain conditions within a nine-cent range, with April One RSS finishing SW cents down on balance. Turnover was well maintained, says Holiday, Cutler Md Bath in its rubber review for the week ended Mar 17. The market alternated between periods of steadiness,266 words
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Article327 1983-03-19 9 RAS prices In cents per kilo yesterday Noon (per kilo) Buyers Sellers Int. 1 R.S.S prompt (.o.b. 218.00 219.00N Int. 1 R.S.S. April 236.50 227.50 Int. 1 R.S.S May 234.50 235.50 Int. 2 R.S.S. 205.50 207.50N UK Cant 204.30 206 50N Int. 3 R.S.S 202.00 204.00N UK Coot327 words
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Article124 1983-03-19 9 NOON SSR and SMR p incaa yesterday KAS April lOurreal Mtk) Mar (Forward Bayers 8a Mtk) Iters SSR 20 (1-ton Bayers Sal tiers pallet! 225.00 227 00N 227.00 229 00N SSR SO (I -Ion pallet! ***** 223 00N 223 00 225 OON MRELB April Mijr SMR CV124 words
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Article220 1983-03-19 9 THE RUBBER market in Singapore yesterday closed uncertain with April One RSS buyers quoted at 224.50 cents per kilo, down two cents from Thursday night. Prices lost one cent during morning trading after fluctuating narrowly on speculative buying and profit-taking. In Kaala Lampar, the Malaysian rubber market yesterday closed220 words
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INTERNATIONAL STOCKS
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Article200 1983-03-19 9 MAR 11 FT* CORBEILLE Alr-Llqulde 482 -1 B S N Qervals Danone 1498 -8 C S F (ThomjonC»f). 182.50 -15 Cte Francalie des Petroles 186 -3 Credit Fonder De France 437 -9 Hachette (Llbralrle) 815 10 Machines Bull 44.80 unch MIchelm (B) 822 -12 Omnium 720 Peugeot Philip# (Sr200 words
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Article88 1983-03-19 9 MAR 17 Dm Aef-Telefunk«n 52J0B BASF 130 JO -04 Rajwr BMW 128.50 I 283.00 -1.5 Commerxbuik is«jo 80 JO 3.1 Contl Oummi -01 □almler-Beni 451.00 41U D*m*f Deutsche Bank 306.00 1.5 Dresdner Bank lfflJO 1.3 OHH 1S2.00B Hoechst 135 JO 0.1 Hoesch 44.00 -0.9 Horten lit 00 >1 Kantadt88 words
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Article77 1983-03-19 9 MAR 17 Fro FORWARD MARKET 582 -S 1234 315 +3 B rue an 1130 unch Ebes 2200 +10 Electrobel 4880 +50 Qb-Inno-Bm 2775 +5 2060 unch Oev Or Bru Lamb 1766 -5 Hobo* 080 -10 Petro MS -V Ryl Dutch 1920 20 Sldro 1360 •10 Soc Oen Beta 154077 words
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Article167 1983-03-19 9 MAR 17 n» 357.50 0.5 14X30 1.5 53-20 -04 AMEV 117 00 unch 89.50 -04 Amrobnk 56 80 1 Berf 0 1 12 85 JO -1 145 JO -2-5 46-50 -0.8 3010 -1.3 Caland MM 02 Calv 278.00 2.5 70 JO 18 243.00 138.00 -0.5 47.00 1.5 28 .10167 words
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Article194 1983-03-19 9 MAR 17 Francs Action* Sulsses 271* -1 Alusulsse Br 575 -38 Alusulsse Re( 198 -ft Brown Boverl Br 1115 -ft Clba Gelgy Br 1740 unch Clba Gelgy PC 1435 unch Clba Oelgy Reg 748 unch Credit Suisse Br 1915 -ft Credit Suisse Reg 365 -3 Elektrowatt Br. 2880 -5194 words
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Article285 1983-03-19 9 MAR 17 Rand INDUSTRIALS A Alpha 730 Abercom m unch AE And CI 645B Amaprop AMIC 420 3064) -100 Barlows 1230 C O Smith I960 25 CNA USOB -90 Currte Finance SO unch De Bwn Ind Edcon Ed cars FedVolk 2900B 460 Puftt |868 Gratemn Hire Id 510 -10285 words
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Article103 1983-03-19 9 MAR 17 Lire BastOfl 276 0.5 Bel ***** -340 Central* Ord 2727 17 Cond Acqua Roma 21$ 15 Eridania 7000 SO riat Ord 2800 130 Oenerall *****0 675 Olm 3186 M If! Prt* yrw 138 Invest 2521 21 Italcementl Ord ***** 750 I taigas 1121 -8 Le petit Ord103 words
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Article916 1983-03-19 9 NEW YORK STOCK PRICES just managed to close mixed on Thursday, thanks to some late bargain hunting. However, there was little momentum to the uptrend. The Dow Jones Industrial Average showed a loss of one to two points until the final hour of trading, when it inched916 words
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Article206 1983-03-19 9 MAR IT CS AblUbl Alcan Alfoma Bank Mont B«nk Not* Scotia Bell Tel BP Can Ltd Braacan Camp Red Lake Can Imp Bk Can Prm Mf Canpac Carltnc O Keefe Cm bl Rd Lk Cn BUirt CI A Comlnco Com Marbenor Dank o* 21* n a as 40H 24X206 words
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Page 9 Advertisements
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Advertisement97 1983-03-19 9 1 1 5: 5 i Edition The ?T iSr 1 L J k k "V> BOOK OF y^TTHT? Completely Revised Re-illustrated including full-colour photographs Totally Authentic Over 4 million copies of all editions sold annually Available At All Good Bookshops ONLY S$ 29-95 GUINNESS BOOK OF RECORDS ASK ANSWER GAME97 words
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3295 1983-03-19 10 BID and offer prices officially listed and Imlmm In and reported to the Stock Exchange of Singapore yesterday with the number of shares traded shown In brackets In lots of 1,000 units unless otherwise specified All Times Settlement Contracts are quoted after3,295 words
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Article189 1983-03-19 10 SINGAPORE UNIT RUT diamond moi rsTOK E The Commerce tar Marti) 331 3 53 (Mmpn' prtoea tar Mar 19 A The Saving! Fund 1.79 l.ttsd Feb Mar S'pore Prat Fund 149 1.56 Diamond S pore Sec. Fund S'pore Invest Fund 2 30 2.34 i.M in S'pore Fd(USI) SI189 words
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Article3253 1983-03-19 10 1982/1983 High Low Coapuy Last Sale orGit's Div Div Crr Gr*. Yld Net P/E Vol (*000) Day High Low SECTION ONE INDUSTRIAL COMMERCIAL 350 195 233 400 380 141 229 291 480 498 450 680 1520 490 285 510 1040 334 440 740 328 790 600 2753,253 words
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Article1934 1983-03-19 10 BID mad oOer price* officially lined and tnwt— la and inputted to the Kuala Lumpur Stock En-hanfe yeaterday, with the Dumber of riiarei traded wbcnra la (rackets la lots of 1.000 units uataai otherwtae **ci Bed. Mwnvuus Kitmm (2.105) (80) 2.12 (18) 113 (28) 2.11 (5) 2.151,934 words
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Article756 1983-03-19 10 THE 81agapere market moved erratically yesterday ag la vectors aad trader» were aaeertala which way the market was headed. Prteee had apeaed steady bat mm drifted iadecMvely before etoalag eaaler. The Bagtaeas Times Cempaaite ladex elaaed with a IM pgtat fall to BJMI while the Straits756 words
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Article592 1983-03-19 10 PRICES closed mixed on the Kuala Lumpur stock market yesterday. After opening around overnight levels, prices firmed till tea-break before slipping in erratic trading. In the afternoon, most prices recovered but heavy profit-taking towards the close pared earlier gains. Interest was chiefly on lower-liner stocks such592 words
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COMPANY NEWS
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534 1983-03-19 11 Reuter ALLIED Corporation is determined to sell its large holdings in RCA Corporation by the end of this month, but it may be asking too high a price for the stock, Wall Street analysts say. Allied obtained the 5,368,900 RCA common sharesReuter - 534 words
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In Hongkong...
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92 1983-03-19 11 Consolidated net profit before extraordinary items of HKH82.97 million (1555.84 million) in calendar 1982. Extraordinary profit of $122.82 million ($345.87 million profit). Final dividend of 21 cents per 'A' share (18 cents) and 4 2 cents per 'B' share (3.6 cents), plus special capital bonus of92 words
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78 1983-03-19 11 Group 1982 net profit of HK&27JS milium (1134.06 million). Final dividend of 70 cents on capital increased by one-for-flve bonus issue in May 1982 (same on aniilw capital) making total for year of $1 (same, or 83.33 cents after adjusting for bonus issue). The company78 words
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Article62 1983-03-19 11 Group net profit of HKJ164.3 million in 1982 ($54.8 mlliiwi for the six months ended Dec 31,1981). Pinal dividend of 2.5 cents, making 4.5 cents far year (maiden dividend of cents). Books claae from April 15 to 29. Hm group expects improved profit in 1983. The company62 words
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Article73 1983-03-19 11 Reuter 1982 net profit of HKJ38.13 million ($45.85 million). Unrealised exchange gain of $1.83 million plus extraordinary profit of $417,293 ($88.12 million profit) making total net profit of $40.17 million ($113.96 million). Final dividend of 47.5 cents (same), payable on May 18, making total for yearReuter - 73 words
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709 1983-03-19 11 CHRIS LIM - ■arket Talk... By CHRIS LIM PROMETS prospects in the next two years are good in spite of the downturn in the rig market. The stock has been recommended for purchase by London stock broking firm Stesa aai Caaies. It said prospects in709 words
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Article566 1983-03-19 11 NYT FOR Sterling Drug, the maker of Bayer aspirin, the recall of Johnson and Johnson's Tylenol last September presented an unexpected opportunity. Sterling had for years been trying unsuccessfully to break Tylenol's grip oo the pain reliever market in the US, and this sudden moment ofNYT - 566 words
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ASIAN STOCKS
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Article290 1983-03-19 11 PRICES CLOSED lower across the board in very light trading yesterday, with the sharpest declines concentrated among mining stocks following falls overnight in world gold and base metal prices. The market opened easier and prices drifted lower throughout the day and near the close the All-Ordinaries index290 words
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Article61 1983-03-19 11 SHARE prices yesterday closed easier on an increased turnover of 6.33 million pesos compared with 4.92 million on Thursday. UM *0001 XJO -1J UM +iLMM UN uneh rim phu HMO Lcptnto b. 75-00 .It 1J0 unch 1M -04 01BO -UM Martnduqu* B oat -MM 0.016 -CM lit -MM MiOO61 words
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Article326 1983-03-19 11 HONGKONG STOCKS CLOSED around the morning lows in fairly quiet late trading yesterday and the Hang Seng index was 15.94 points lower at 991.32 points. Speculation about announcements of corporate results depressed the market. This was the first time in a fortnight the index ended below the326 words
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Article499 1983-03-19 11 SHARE PRICES on the Tokyo stock market yesterday rose sharply in light trading and the market average closed at a record 8,***** points, up 99.76 points from Thursday's close. There were no special bullish factors but sentiment was boosted by the late advance of Sony,499 words
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Article109 1983-03-19 11 SHARE prices yesterday closed mixed with losses and gains about equal in quiet trading. MAR U Baftta Aokhui Thai ASU FlbW 104 unch A^Tjlh*7*«Ini ♦a Banctot Bank Bui Of AywllSaya Ml unch l-M 190 Bata Shoe Barll Juckar M9 unch Charoon« Thai Wtra 322 PlTWtOO* Firn Tnut 44-79 Ooodyar109 words
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Page 11 Advertisements
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Advertisement207 1983-03-19 11 NOTICE NOTICE OP FINAL MEETING IN THE MATTEB OP THE COMPANIES ACT, CAP. 186 AND IN THE MATTEB OP GOLDENSARI SHIPPING PTE LTD MEMBERB' VOLUNTARY WINDING-UP NOTICE IS HEREBY OIVEN that pursuant to Section 272 of The Companies Act, Cap. 186, the Pinal Meeting of the members of the company207 words
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Advertisement196 1983-03-19 11 4 3 Make it your business to be part of The First International Technology Exhibition for Asia 6 9 September 1983 World Trade Centre Singapore. Asian Energy *83 is Energy Generation, Distribution, Conservation and Alternative Energy Sources. It is estimated that in the rapidly expanding ASEAN and S.E. Asian Region,196 words
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Chief Price Changes
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Article166 1983-03-19 12 Rises Town A City Spore Lud Ganda HM|a Is la ad Pen Paper ProdaeU Pefi Mail C C M Spore Baa K G Hide* City Dev B Raya U I C 430 806 17® 680 262 386 380 241 200 247 238 189 56 45 43 25 16 12166 words
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Article, Illustration168 1983-03-19 12 Rises T Langat flmwia Keck Seng K G Hldg Setron AMD Lion Corp Utd Est JC-MPH 960 170 484 221 170 246 346 550 206 Falls +30 +25 +20 +19 +18 16 16 15 +11 C Sugars Uhi Benut HLInd 1400 740 960 -60 —20 -20 PMC Oriental168 words
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Article218 1983-03-19 12 SIM Lim Finance will be listed under the first trading section (finance) on the Stock Exchange of Singapore on Monday. In view of the current bullish undertone of the market, brokers and investors are hoping the shares will begin trading with a bang. They218 words
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Article772 1983-03-19 12 EQUITIES opened mixed yesterday in quiet and dull trading ahead of the account end, dealers said. The Financial Times Index at noon was down L 8 points at 658.2. On further consideration of Thursday's figures, TI Group fell 2p to 164 but GKN gained 3p at 158 and772 words
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514 1983-03-19 12 ALAN LEE - HI Companies Editor: Mano Sabnari By ALAN LEE KECK SENG (Malaysia) Bhd has made another major investment in the property field. The company announced late yesterday that it has entered into an agreement to acquire the entire issued capital erf Banang Bersama Segamat514 words
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290 1983-03-19 12 MALAYSIAN American Assurance Co Bhd (MAA) has declared a ooe-for-two bonus issue along with a set of improved results. The bonus issue will raise MAA's paid-up capital to M 96 million from $4 million. MAA yesterday said its capital base is being enlarged290 words
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265 1983-03-19 12 MALAYSIA Borneo Finance Corporation (M) Bhd is preparing the prospectus and application forms for the sale offer of shares in the company on April 15. Bumiputra Merchant Bankers, the adviser and manager of the offer of 24,308 million shares in MBF Corp, said the265 words
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Article48 1983-03-19 12 H K.HANG SENG Friday 991.32 Thursday 1007-26 Week Ago 1032.80 AUSTRALIAN INDUSTRIALS Friday 040J) Thursday 8613 We«k Ago «63.7 ALL ORDINARIES Friday 906.4 Week Ago 515.4 FINANCIAL TIMES INDUSTRIALS Thursday 681.0 Wednesday 871.3 5 DOW JONES AVERAGE INDUSTRIALS hursday 1116.97 'ednesday 1116.00 eek Ago 1120 M48 words
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Article328 1983-03-19 12 UNITED Overseas Land has received the balance of $42.47 million, representing 90 per cent of the consideration for selling part of its Mount Echo Park land to the Brunei government. The sale was completed on March 17, following the approval from the Controller of Residential Property. The property328 words
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466 1983-03-19 12 TRADING group Inchcape Bhd has reported flat results for 1982. Audited figures Just released show a group pretax profit of M 151.96 million for the year ended Dec 31, 1982 (151.41 million previously). The results were arrived at after providing for depreciation of fixed466 words
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Article86 1983-03-19 12 METAL Cmtmimen hu reported sharply redaeed pnftti far the rix swathe eaied Dm SI, 1ML Bit by the rMMht la the petrels ■a hi edlhle ail firtwi, the grew aUe aaty hi eperaoag praflte ($44 mOHea prevteaaiy). The |r«ip laearred aa after-tax lew «t $1.13 ■!lH«a Iffffrri u HUME86 words
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Page 12 Advertisements
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Advertisement167 1983-03-19 12 THE AMERICAN CLUB SINGAPORE Enquiries are invited from Architectual/ Engineering Groups interested in being considered for the design of a major rebuilding program for the American Club at its present location. Eligible groups shall consist of a major International Architectual firm, a major Singapore Architectual organization and associated engineering groups.167 words
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Advertisement436 1983-03-19 12 JOIST YESTI RE: DYXAMIC AYES I E FOR ()RI>()lt ITE OSSOLII) ITIO X A SI) TECIISOEOdY TR AS SEER 20 21 M'KII 1983, kl .ALA U MP I R HILTON, MALAYSIA It mil scom i ri;vis ONFKRKNC K HAIRMAN: lan Sri llshak Itin Pateh \khir, hairman, Mala\Man lintusiri.il I \uIh««riI\436 words
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Page 12 Miscellaneous
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Miscellaneous62 1983-03-19 12 OUTLOOK for today: Clear in the morning; scattered showers in the afternoon. Report tor 24 bun prior to 7.3t pin on March 18 at the airport: Maximum temperature 34.7 Associated humidity 56 Minimum temperature 25.4 Associated humidity L 90 Hours of sunshine L 8.66 Rainfall in millimetres Nil Total rainfall62 words
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