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Brahim's aims to take in flight catering global Posted: 09 Dec 2012 05:51 PM PST KUALA LUMPUR: Inflight caterer, Brahim's Holdings Bhd, is aiming to provide premium halal food and beverage (F&B) to the domestic and international aviation sectors as part of its endeavour to expand its operations. Executive chairman Datuk Ibrahim Ahmad Badawi said the company has a strong foothold in various F&B operations from providing flight catering services to operating airport restaurants and restaurant franchises to upstream sugar refinery operations. "Quite a number of enquiries have been made to the company from international aviation companies such as Etihad, Gulf and Qatar Airways requesting Brahim's to provide flight kitchen services. "We've actually got a number of enquiries from flight kitchens overseas that want to start their own halal facility with Malaysia's expertise in setting up halal flight catering," he told Bernama. Brahim's recently forged a joint venture with the Jordanian government to set up its first overseas factory to manufacture products for the Jordanian military. The venture would also serve as Brahim's hub for the lucrative Middle East market, he said. The factory's official opening is slated for early January, he said. The company is also eyeing penetrating other overseas markets such as Indonesia, Japan, Nigeria and several other Middle Eastern countries. The company recently obtained its shareholders' approval to complete the acquisition of the remaining 49 per cent shareholdings in Brahim's-LSG Sky Chefs Holdings Sdn Bhd (BSLG) for RM130 million. Upon completion of the acquisition exercise, Brahim's will be able to consolidate BLSG as its wholly-owned subsidiary, and capture 100 per cent of its revenue and earnings in the provision of in-flight catering and related services. It will also transform the company into a global halal food and beverage group. With the acquisition, it will have fully Malaysianised operating company of the world's largest halal flight kitchen, marking the accomplishment of a Bumiputera-listed company in providing halal in-flight meals catering to over 30 international airlines out of the Kuala Lumpur International Airport (KLIA) and more significantly to its single largest customer, Malaysia Airlines (MAS)," Ibrahim said. Recent newsreports projected that Brahim's revenue would soar to RM200 million next year mainly through the full acquisition of BLSG and the recently secured premium food court and a separate fast-food outlet deal at KLIA2. -- BERNAMA

FBM KLCI opens higher in early trade Posted: 09 Dec 2012 05:57 PM PST KUALA LUMPUR: Share prices on Bursa Malaysia opened higher in early trading Monday, extending Friday's gains on continued buying support, dealers said. After 35 minutes of trading, the barometer FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.42 points better at 1,622.42, after opening 0.48 of a point higher at 1,618.25. HwangDBS Vickers Research has expected the local bourse to open slightly lower today after getting a lift in the final minutes of trading to close at an intra-day high of 1,617.77 on Friday. "Nevertheless, the key market barometer is expected to show resilience against a fairly quiet market backdrop. "On the chart, the immediate support and resistance lines are currently set at 1,600 and 1,617, respectively," the research house said in a note today. HwangDBS also said the monthly plantation statistics on production, inventory and exports for November are due for release around noon today. Meanwhile, the Finance Index rose 12.14 points to 15,052.33, the Industrial Index gained 4.87 points to 2,691.67 and the Plantation Index added 7.32 points to 7,845.61. However, the Ace Index slipped 3.25 points to 4,162.99, but the FBMT100 advanced 24.13 points to 10,883.27, the FBM Emas garnered 25.01 points to 11,030.91, while the FBM Mid 70 index was 6.1 points better at 11,030.91. There were 126 gainers and 78 losers while 134 counters were unchanged, 1,301 counters untraded and 18 others were suspended. Volume stood at 102.2 million shares worth RM66.69 million. Among actives, Tiger Synergy rose three sen to 41.5 sen, Time engineering gained 2.5 sen to 31.5 sen while Takaso Resources and Asia Media earned one sen each to 34 sen and 43.5 sen, respectively. Heavyweights, Maybank and CIMB improved three sen each to RM9.09 and 7.58, respectively, Sime Darby added one sen to RM9.01 and Axiata gained two sen to RM6. -- BERNAMA

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Egypt's opposition scorns Mursi's concession - Reuters Posted: 09 Dec 2012 08:55 AM PST By Alistair Lyon and Tamim Elyan CAIRO | Sun Dec 9, 2012 11:54am EST (Reuters) - A concession offered by President Mohamed Mursi failed to placate opponents who accused him on Sunday of plunging Egypt deeper into crisis by refusing to postpone a vote on a constitution shaped by Islamists. Islamists say they see the referendum as sealing a democratic transition that began when a popular uprising toppled Hosni Mubarak 22 months ago after three decades of military-backed one-man rule. Their liberal, leftist and Christian adversaries say the document being fast-tracked to a vote could threaten freedoms and fails to embrace the diversity of Egypt's 83 million people. More protests were planned near Mursi's palace, despite tanks, barbed wire and other barriers installed last week after clashes between Islamists and their rivals killed seven people. Mursi had given some ground the previous day when he retracted a fiercely contested decree giving himself extra powers and shielding his decisions from judicial review. But the president insisted the constitutional referendum go ahead next Saturday and the Muslim Brotherhood, from which he sprang, urged the opposition to accept the poll's verdict. Ahmed Said, a liberal leader of the main opposition National Salvation Front, described the race to a referendum as "shocking" and an "act of war" against Egyptians. The Front has promised a formal response later on Sunday. Egypt is torn between Islamists, who were suppressed for decades, and their rivals, who fear religious conservatives want to squeeze out other voices and restrict social freedoms. Many Egyptians just crave stability and economic recovery. Brotherhood spokesman Mahmoud Ghozlan said the scrapping of Mursi's decree had removed any reason for controversy. "We ask others to announce their acceptance of the referendum result," he said on the group's Facebook page, asking whether the opposition would accept "the basics of democracy". The retraction of Mursi's November 22 decree, announced around midnight after a "national dialogue" boycotted by almost all the president's critics, has not bridged a deep political divide. Prime Minister Hisham Kandil, a technocrat with Islamist leanings, said the referendum was the best test of opinion. "The people are the makers of the future as long as they have the freedom to resort to the ballot box in a democratic, free and fair vote," he said in a cabinet statement. "CONSTITUTION WITHOUT CONSENSUS" But opposition factions, uncertain of their ability to vote down the constitution against the Islamists' organizational muscle, want the document redrafted before any vote. "A constitution without consensus can't go to a referendum," said Hermes Fawzi, 28, a protester outside the palace. "It's not logical that just one part of society makes the constitution." Egypt tipped into turmoil after Mursi grabbed powers to stop any court action aimed at hindering the transition. An assembly led by the Muslim Brotherhood and other Islamists then swiftly approved the constitution it had spent six months drafting. Opponents, including minority Christians, had already quit the assembly in dismay, saying their voices were being ignored. A leftist group led by defeated presidential candidate Hamdeen Sabahy demanded the referendum be deferred until a consensus could be reached on a new draft, saying there could be "no dialogue while blood is being spilled in the streets". After the dialogue hosted by Mursi, a spokesman announced that the president had issued a new decree whose first article "cancels the constitutional declaration" of November 22. He said the referendum could not be delayed for legal reasons. The decree ignited more than two weeks of sometimes bloody protests and counter-rallies in Egypt. Mursi's foes have chanted for his downfall. Islamists fear a plot to oust the most populous Arab nation's first freely elected leader. The April 6 movement, prominent in the anti-Mubarak revolt, derided the result of Saturday's talks as "manipulation and a continuation of deception in the name of law and legitimacy". Islamists reckon they can win the referendum and, once the new constitution is in place, a parliamentary poll about two months later. The Islamist-led lower house elected this year was dissolved after a few months by a court order. Investors appeared relieved at Mursi's retraction of his decree, sending Egyptian stocks 4.4 percent higher on Sunday. Markets are awaiting approval of a $4.8 billion IMF loan later this month designed to support the budget and economic reforms. The military, which led Egypt's transition for 16 turbulent months after Mubarak fell, told feuding factions on Saturday that only dialogue could avert "catastrophe". But a military source said these remarks did not herald an army takeover. (Additional reporting by Edmund Blair and Yasmine Saleh; Editing by Stephen Powell)

Colorado Springs doctor kidnapped by Taliban in Afghanistan is rescued - Denver Post Posted: 09 Dec 2012 08:58 AM PST A Colorado Springs doctor is safe after being rescued from his Taliban captors in Afghanistan on Saturday, according to a relief agency. Dr. Dilip Joseph, a medical adviser for Morning Star Development, was the third and final member of a team freed after being kidnapped at 3:30 p.m., Afghanistan time, on Wednesday, according to a Morning Star statement. Morning star, a non-governmental organization, is an institute for leadership development, which lists one of its objectives as aiding Afghanistan to rebuild communities and lives through economic and community development initiatives, according to the website. Morning star is based in Colorado Springs, according to its website. Joseph was rescued by members of the U. S. armed forces after the other two team members were released by captors 11 hours earlier, after hours of negotiations were conducted over the three days, the release states. Joseph, who appeared to be uninjured, was taken to the Bagram Airfield north of Kabul, according to the release. The other members of the team were unnamed, but were identified as a member of Morning Star's medical staff and support staff. A group of armed men abducted the team in the eastern Kabul Province while the team returned from a visit to one of Morning Star's rural medical clinics, the release states. They were eventually taken to a mountainous area about 50 miles from the Pakistan border, according to the release. Morning Star's crisis management team, operating from Kabul and Colorado Springs, immediately began talks with the captors, which went back and forth over several days, according to the release. Joseph will be debriefed and return to his Colorado Springs home within the week, the release states. Morning Star Development said the organization paid no ransom, money or other consideration to the captors or anyone else to secure the release of the three hostages. Calls to Morning star for additional comment were not immediately returned. Ryan Parker: 303-954-2409, rparker@denverpost.com or twitter.com/ryanparkerdp

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