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Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
May 18, 1972
Page
17
Singapore envoy Ridiwan Pratt said Australia remains a normal market for Singapore garment manufacturers despite concerns over shirt imports. He stressed no lasting damage to the industry and noted talks with Australian officials will focus on supply chain issues and product standards.
Pitt Son and Badger lid announced their decision to not participate in the Yennora project. executives cited changing economics and uncertainty since the initial agreement, noting the plan’s viability depends on central space and market conditions, with no firm commitment to proceed.
The economic report on overseas investment spurs gains across sectors in Sydney markets. Mining and metal stocks led a broad upswing with Bougainville and Hamersley among notable risers while fears of a general downturn eased and banks remained firm amid a busy trading day.
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