Khamis, 6 Disember 2012

NST Online Business Times : latest

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KL shares open mixed in early trading

Posted: 06 Dec 2012 06:06 PM PST

Share prices on Bursa Malaysia were traded mixed in the early session Friday, tracking losses in selected blue chips,
dealers said.

After 36 minutes of trading, the barometer FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.33 of a point lower at 1,615.90 after opening 0.76 of a point weaker at 1,615.47.

HwangDBS Vickers Research said the key FBM KLCI is expected to back off from the immediate 1,617 resistance level ahead.

"However, if it clears this hurdle, then the benchmark index may be eyeing 1,635 as its next resistance threshold," the research house said in a statement.


Meanwhile, the Finance Index shed 3.71 points to 15,044.81, but the Industrial Index gained 2.4 points to 2,668.73, and the Plantation Index rose 3.76 points to 7,855.75.

The Ace Index added 11.83 points to 4,180.38, the FBMT100 lost 3.32 points to 10,848.85, the FBM Emas declined 2.55 points to 10,995.09, while the FBM Mid 70 index lost 9.029 points to 12,007.61.

There were 113 gainers and 94 losers while 171 counters were unchanged, 1,261 counters untraded and 18 others were suspended.

Volume stood at 130.33 million shares worth RM59.911 million.

Among actives, Karambunai lost 1.5 sen to 12 sen, Takaso Res-Warr inched down a sen to 15 sen, while Nexnation Communication was flat at 11.5 sen.

Heavyweights, Maybank earned two sen to RM9.07, Sime Darby and CIMB rose two sen each to RM8.97 and RM7.57, respectively, while Axiata slipped three sen to RM5.94. Bernama

India second fastest growing aviation mart

Posted: 06 Dec 2012 06:10 PM PST

India will emerge as the world's second fastest growing aviation market by 2016, with 13.1 per cent compound annual growth rate (CAGR), adding 49.3 million new passengers, according to the
International Air Transport Association (IATA).

IATA said Kazakhstan will experience the fastest growth rate at 22.5 per cent CAGR, adding 3.9 million passengers to 2.2 million last year.

In the third spot is China, with 10.1 per cent growth rate, resulting in 158.9 million new domestic passengers, said IATA in its Airlines Industry Forecast 2012-2016.

IATA said no other country is expected to experience double-digit growth rates in the forecast period.


The air transport body said airlines expect to welcome some 3.6 billion passengers in 2016, about 800 million more than the 2.8 billion passengers carried by airlines last year.

This industry consensus outlook for system-wide passenger growth sees passenger numbers expanding by an average of 5.3 per cent per annum between this year and 2016.

The 28.5 per cent increase in passenger numbers over the forecast period will see almost 500 million new passengers travelling on domestic routes and 331 million new passengers on international services.

By 2016, the five largest markets for domestic passengers will be the United States (710.2 million), China (415 million), Brazil (118.9 million), India (107.2 million) and Japan (93.2 million).

As for international freight developments, IATA said the five fastest growing international freight markets over the 2011-2016 period will be Sri Lanka (8.7 per cent CAGR), Vietnam (7.4 per cent), Brazil (6.3 per cent), India (6.0 per cent) and Egypt (5.9 per cent). Bernama

Kredit: www.nst.com.my

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DeMint to Leave Senate to Run Heritage Foundation - Wall Street Journal

Posted: 06 Dec 2012 09:09 AM PST

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Egypt deploys tanks, troops to keep President Morsi's friends and foes apart after ... - CBS News

Posted: 06 Dec 2012 09:00 AM PST

Updated at 11:50 a.m. ET

CAIRO The Egyptian army sealed off the presidential palace with barbed wire and armored vehicles Thursday as protesters defied a deadline to vacate the area, pressing forward with demands that Islamist leader Mohammed Morsi rescind decrees giving himself near-absolute power and withdraw a disputed draft constitution.

Inside the palace gates, Morsi met with members of his Cabinet and military leaders to discuss the expanding crisis after fierce street battles in an upscale residential suburb of Cairo killed five people and left more than 600 injured in the worst outbreak of violence between the two sides since the Islamist leader's election.

The intensity of the overnight violence, with Morsi's Islamist backers and largely secular protesters lobbing firebombs and rocks at each other, raised the specter that the 2-week-old crisis that has left the country sharply divided would grow more polarized and violent.

Play Video

Morsi to address Egypt as more protests planned

The army's Republican Guard, an elite unit assigned to protect the president and his palaces, surrounded the complex and gave protesters on both sides until 3 p.m. (1300 GMT, 8 a.m. EDT) to clear the vicinity, according to an official statement. The statement also announced a ban on protests outside any of the nation's presidential palaces.

But a group of several dozen anti-Morsi protesters continued to demonstrate across the street from the palace past the military's deadline Thursday afternoon, chanting slogans against the president. And organizers called for a larger evening rally. Meanwhile, members of the Muslim Brotherhood and other Islamists supporting Morsi withdrew from the area after an overnight sit-in.

Inside the palace gates, Morsi held crisis meetings Thursday with Cabinet members and military leaders, including the defense minister, according to a presidential statement.

"The president discussed ways to deal with the situation regarding the political, security and legal landscapes so that Egypt can achieve stability and preserve the gains of the revolution," the statement said.

CBS News correspondent Holly Williams said Morsi was expected to address the nation in a televised address later Thursday.

Egypt has seen sporadic clashes throughout nearly two years of political turmoil after Hosni Mubarak's ouster in February 2011. But Wednesday's street battles were the worst between Morsi's supporters and opponents.

The clashes began after an implicit call by the Muslim Brotherhood and its political party, to which the president belongs, for their members to go to the palace and stage a sit-in that would remove anti-Morsi protesters who were camped out there.

Unlike Mubarak, Morsi was elected in June after a narrow victory in Egypt's first free presidential elections, but many activists who supported him have jumped to the opposition after he issued decrees on Nov. 22 that put him above oversight and a draft charter was later rushed through by his Islamist allies despite a walkout by Christian and liberal factions.

Compounding Morsi's woes, four of his advisers resigned Wednesday, joining two other members of his 17-member advisory panel who have abandoned him since the crisis began.

Six tanks and two armored vehicles belonging to the Republican Guard, an elite unit tasked with protecting the president and his palaces, were stationed Thursday morning at roads leading to the palace in the upscale Cairo district of Heliopolis. The guard's commander, Maj. Gen. Mohammed Zaki, sought to assure Egyptians that his forces were not taking sides.

Play Video

Pro-, Anti-Morsi protestors clash in Egypt

"They will not be a tool to crush protesters and no force will be used against Egyptians," he said in comments carried by the official MENA news agency.

The situation was calm Thursday morning. Thousands of Morsi supporters had camped outside the palace after driving away opposition activists who had been staging a sit-in there, prompting fierce street battles that spread to upscale residential areas. The Brotherhood, which had erected metal barricades and manned checkpoints with rocks and empty glass bottles on hand overnight, withdrew from the area by Thursday afternoon.

"I don't want Morsi to back down," said Khaled Omar, a Brotherhood supporter who had camped out. "We are not defending him. We are defending Islam, which is what people want."

Other Brotherhood supporters outside the palace accused opposition protesters of being Mubarak loyalists or foot soldiers in a coup attempt.

"They want to take over power in a coup. They are conspiring against Morsi and we want him to crack down on them," said one, Ezzedin Khoudir. "There must be arrests."

The violence began when the Brotherhood called on its members to head to the presidential palace against what a statement termed as attempts by the opposition to impose its will by force. In response, thousands descended on the area Wednesday, chasing away some 300 opposition protesters who had been staging a peaceful sit-in outside the palace's main gate since the night before. Clashes later ensued with the two sides using rocks, sticks and firebombs.

State television quoted the Health Ministry as saying Thursday that five people were killed and 644 injured by beatings, gunshot wounds and tear gas inhalation.

A journalist for the independent daily Al-Fagr newspaper was in critical condition Thursday after being shot in the head with a rubber bullet, according to a staff member who spoke to The Associated Press on condition of anonymity in exchange for releasing the information ahead of a formal announcement. The newspaper said it did not know who fired the rubber bullet.

"We raise Egypt's flag but they raise the Brotherhood flag. This is the difference," protester Magdi Farag said as he held the tri-colored national flag stained with blood from his friend's injury in the clashes the night before.

"We will not leave until he leaves," Farag said about the president.

Morsi, meanwhile, remains determined to press forward with plans for a Dec. 15 constitutional referendum to pass the new charter. The opposition, for its part, is refusing dialogue unless Morsi rescinds the decrees giving him near unrestricted powers and shelves the controversial draft constitution, which the president's Islamist allies rushed through last week in a marathon, all-night session shown live on state TV.

Mohamed ElBaradei, a leading opposition reform advocate, said late Wednesday that Morsi's rule was "no different" than Mubarak's.

"In fact, it is perhaps even worse," the Nobel Peace Prize laureate told a news conference after he accused the president's supporters of a "vicious and deliberate" attack on peaceful demonstrators outside the palace.

Wednesday's violence also spread to other cities, with at least two Brotherhood offices set ablaze outside Cairo.

Kredit: www.nst.com.my
 

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