• Short Summary

    THERE WAS A BOOM ON THE SINGAPORE STOCK EXCHANGE ON WEDNESDAY AS THE LIKELIHOOD OF AN END TO INDONESIA'S CONFRONTATION POLICY BECAME APPARENT.

  • Description

    THERE WAS A BOOM ON THE SINGAPORE STOCK EXCHANGE ON WEDNESDAY AS THE LIKELIHOOD OF AN END TO INDONESIA'S CONFRONTATION POLICY BECAME APPARENT.

    INVESTORS IN SINGAPORE AND MALAYSIA HAVE INDULGED IN AN ALMOST UNPRECEDENTED SHARE BUYING SPREE AS SUCCESSIVE INDONESIAN ANNOUNCEMENTS POINTED DEFINITELY TOWARDS AND END TO CONFRONTATION.

    THE SINGAPORE AND MALAYSIAN MONEY MARKETS HAVE ALWAYS BEEN SENSITIVE TO POLITICAL DEVELOPMENTS, BUT IT IS REPORTED FROM SINGAPORE THAT THE CURRENT INVESTMENT DIFFERS IN THE BUYING HAS BEEN FAR HEAVIER THAN SELLING.

    OBSERVERS HINT THAT FOREIGN MONEY, WHICH HAS BEEN ALMOST NON-EXISTENT DURING THE TWO YEARS OF CONFRONTATION, HAS BEGUN TO TRICKLE BACK, AND, IF CORRECT, THIS WILL FURTHER STRENGTHEN THE CONFIDENCE OF THE BUSINESS WORLD THAT PEACE IS NOT FAR OFF.

    THE END OF CONFRONTATION AND THE RESUMPTION OF FULL TRADING FACILITIES WOULD UNDOUBTEDLY GIVE A BOOST TO THE MALAYSIAN AND SINGAPORE ECONOMIES. THIS IS PARTLY OFFSET BY THE REALISATION THAT A LASTING PEACE WOULD MEAN THE DEPARTURE OF MANY OF THE BRITISH SERVICEMEN STATIONED WHERE, WHICH WOULD AFFECT THE CURRENT FINANCIAL BENEFITS OF THEIR PRESENCE. THEIR DEPARTURE WOULD CLEARLY HAVE A MARKED EFFECT ON THE COUNTRY'S ECONOMY.

    EARLY THIS WEEK, HOWEVER, THERE SEEMED TO BE NO DOUBTS IN THE MINDS OF INVESTORS AT THE SINGAPORE STOCK EXCHANGE, AND BUYING SPREE HELPED TO HEIGHTEN CONFIDENCE THROUGHOUT THE REGION.

  • Tags

  • Data

    Film ID:
    VLVA9RE66WK3AE79CMOLPRYGIPC4R
    Media URN:
    VLVA9RE66WK3AE79CMOLPRYGIPC4R
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    05/05/1966
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:00:54:00
    Time in/Out:
    /
    Canister:
    N/A

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