Ahad, 13 Januari 2013

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KL shares open higher in early trade

Posted: 13 Jan 2013 06:04 PM PST

Share prices on Bursa Malaysia opened higher in early trading Monday on renewed buying interest, dealers said.

After 30 minutes of trading, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.93 points to 1,685.63 after opening 3.71 points better at 1,686.41.

HwangDBS Vickers Research, however, said the local bourse may extend its consolidation mode today in the absence of new market leads.

"On the chart, its benchmark FBM KLCI could struggle to overcome the support-turned-resistance level of 1,685," it said.

Meanwhile, Wall Street ended broadly flat on Friday as profit-taking activity set in following recent run-ups.

On the local front, pending the emergence of fresh market directions, stocks that could add interest include SP Setia, after getting an overwhelming response for its first phase of the Battersea Power Station property project in London.

Others include Malaysia Airports Holdings Bhd amid a business weekly report saying that its non-aeronautical income is set to grow when KLIA2 comes on stream and Sime Darby following the Securities Commission's approval for its US$1.5 billion multi-currency Sukuk fund-raising programme.

On the scoreboard, the Finance Index rose 11.55 points to 15,411.15, the Industrial Index improved 6.83 points to 2,804.70 and the Plantation Index added 8.97 points to 8,158.30.

The FBM Emas Index gained 21.39 points to 11,460.69, the FBMT100 increased 19.79 points to 11,304.59, the FBM Mid 70 Index rose 22.67 points to 12,448.18 but the FBM Ace Index was 6.48 points lower at 4,271.85.

Gainers led losers 159 to 99 with 173 counters unchanged, 1,211 untraded and 26 others were suspended. Volume was thin at 192 million shares worth RM56.67 million.

Among actives, Patimas Computers earned half-a-sen to 15 sen, Kassets-CB:CW gained five sen to 10 sen but ETI Tech Corp fell one sen to 5.5 sen.

Heavyweights, Maybank and Sime Darby added two sen each to RM9.02 and RM9.61, respectively, but CIMB eased two sen to RM7.64. -- Bernama

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France bombs Islamist stronghold in north Mali - Reuters

Posted: 13 Jan 2013 08:26 AM PST

French military prepares a Mirage 2000D fighter plane in N'Djamena, Chad, in this photo released by the French Army Communications Audiovisual office (ECPAD) on January 12, 2013. REUTERS/ECPAD/Adj. Nicolas Richard/Handout

BAMAKO/PARIS | Sun Jan 13, 2013 11:24am EST

(Reuters) - French fighter jets pounded an Islamist rebel stronghold in northern Mali on Sunday as Paris poured more troops into the capital Bamako, awaiting a West African force to dislodge al Qaeda-linked insurgents from the country's north.

The attack on Gao, the largest city in the desert region controlled by the Islamist alliance, marked a decisive drive northwards on the third day of French air strikes, moving deep into the vast territory seized by rebels in April.

France is determined to end Islamist domination of north Mali, which many fear could act as a base for attacks on the West and for links with al Qaeda in Yemen, Somalia and North Africa.

France's Defence Minister Jean-Yves Le Drian said French intervention on Friday had prevented rebels driving southward to seize Bamako itself. He said air raids would continue in the coming days.

"The president is totally determined that we must eradicate these terrorists who threaten the security of Mali, our own country and Europe," he told French television.

In Gao, a dusty town on the banks of the Niger river where Islamists have imposed an extreme form of Sharia law, residents said French fighters and attack helicopters pounded the airport and rebel positions. A huge cloud of black smoke rose from the militants' camp in the north of the city.

"The planes are so fast you can only hear their sound in the sky," resident Soumaila Maiga said by telephone. "We are happy, even though it is frightening. Soon we will be delivered."

A Malian rebel spokesman said the French had also bombed targets in the towns of Lere and Douentza.

France has deployed about 550 soldiers to Mali, split between Bamako and the town of Mopti, 500 km (300 miles) north, Le Drian said. State-of-the-art Rafale fighter jets were also dispatched to reinforce "Operation Serval" - named after an African wildcat.

In Bamako, a Reuters cameraman saw more than 100 French troops disembark on Sunday from a military cargo plane at the international airport, on the outskirts of the capital.

The city itself was calm, with the sun streaking through the dust enveloping the city as the seasonal Harmattan wind blew from the Sahara. Some cars drove around with French flags draped from the windows to celebrate Paris's intervention.

AFRICAN TROOPS EXPECTED

More than two decades of peaceful elections had earned Mali a reputation as a bulwark of democracy, but that image unraveled in a matter of weeks after a military coup last March that left a power vacuum for the Islamist rebellion.

French President Francois Hollande's intervention in Mali has won plaudits from leaders in Europe, Africa and the United States, but it is not without risks.

It raised the risk level for eight French hostages held by al Qaeda allies in the Sahara and for the 30,000 French expatriates living in neighboring, mostly Muslim states.

Concerned about reprisals, France has tightened security at public buildings and on public transport. It advised its 6,000 citizens in Mali to leave as spokesmen for the Islamist groups have promised to exact revenge.

In its first casualty of the campaign, Paris said a French pilot was killed on Friday when rebels shot down his helicopter.

Hours earlier, a French intelligence officer held hostage in Somalia by al Shabaab extremists linked to al Qaeda was killed in a botched commando raid to free him.

President Hollande says France's aim is simply to support a mission by West African bloc ECOWAS to retake the north, as mandated by a U.N. Security Council resolution in December.

With Paris pressing West African nations to send their troops quickly, Ivory Coast President Alassane Ouattara, who holds the rotating ECOWAS chairmanship, kick-started the operation to deploy 3,300 African soldiers.

Ouattara, installed in power with French military backing in 2011, convened a summit of the 15-nation bloc for Saturday in Ivory Coast to discuss the mission.

"The troops will start arriving in Bamako today and tomorrow," said Ali Coulibaly, Ivory Coast's African Integration Minister. "They will be convoyed to the front."

Military analysts expressed doubt, however, that African nations would be able to mount a swift operation to retake north Mali - a harsh, sparsely populated terrain the size of France - as neither the equipment nor ground troops were prepared.

The United States is considering sending a small number of unarmed surveillance drones to Mali as well as providing logistics support, a U.S. official told Reuters. Britain and Canada have also promised logistical support.

Former French colonies Senegal, Niger and Burkina Faso have all pledged to deploy 500 troops within days. In contrast, regional powerhouse Nigeria, due to lead the ECOWAS force, has suggested it would take time to train and equip the troops.

HOUSE-TO-HOUSE SEARCHES

France, however, appeared to have assumed control of the operation on the ground. Its airstrikes allowed Malian troops to drive the Islamists out of the town of Konna, which they had briefly seized this week in their southward advance.

Calm returned to the town on Sunday after three nights of combat as the Malian army mopped up any rebel fighters. A senior Malian army official said more than 100 rebels had been killed.

"Soldiers are patrolling the streets and have encircled the town," one resident, Madame Coulibaly, told Reuters by phone. "They are searching houses for arms or hidden Islamists."

Human Rights Watch said at least 11 civilians, including three children, had been killed in the fighting.

A spokesman for Doctors Without Borders in neighboring Mauritania said about 200 Malian refugees had already fled across the border to a camp at Fassala and more were on their way.

In Bamako, civilians tried to contribute to the war effort.

"We are very proud and relieved that the army was able to drive the jihadists out of Konna. We hope it will not end there, that is why I'm helping in my own way," said civil servant Ibrahima Kalossi, 32, one of over 40 people who queued to donate blood for wounded soldiers.

(Additional reporting by Adama Diarra, Tiemoko Diallo and Rainer Schwenzfeier in Bamako, Joe Bavier in Abidjan, Leila Aboud in Paris and Phil Stewart in Washington; Writing by Daniel Flynn; Editing by Alison Williams and Will Waterman)

Survivors, relatives mark anniversary of Costa Concordia shipwreck - CTV News

Posted: 13 Jan 2013 07:55 AM PST

The Associated Press
Published Sunday, Jan. 13, 2013 10:54AM EST

GIGLIO, Italy -- Survivors of the Costa Concordia shipwreck and relatives of the 32 people who died marked the first anniversary of the grounding Sunday with the unveiling of memorials to the victims, a Mass in their honour and a minute of silence to recall the exact moment that the cruise ship rammed into a reef off Tuscany.

The first event of Sunday's daylong commemoration was the return to the sea of part of the massive rock that tore a 70-meter (230-foot) gash into the hull of the ocean liner on Jan. 13, 2012. The boulder remained embedded in the mangled steel as the 112,000-ton vessel capsized along with its 4,200 passengers and crew.

As fog horns wailed, a crane on a tug lowered the boulder onto the reef off Giglio, returning it to the seabed affixed with a memorial plaque. Relatives of the dead threw flowers into the sea and embraced as they watched the ceremony from a special ferry that bobbed in the waves under a slate grey sky.

A land-based memorial was being unveiled after a Mass and ceremony honouring rescue crews. A minute of silence was scheduled for 9:45 p.m., the exact moment when the Concordia slammed into the reef after the captain took the ship off course in a stunt to bring it closer to Giglio.

The captain, Francesco Schettino, is accused of multiple manslaughter, causing a shipwreck and leaving the ship before all passengers were evacuated. He hasn't been charged but is living under court-ordered restrictions pending a decision on whether to indict him. Schettino maintains he saved lives by bringing the ship closer to shore rather than letting it sink in the open sea, and claims the reef he hit wasn't on his nautical charts.

In an interview broadcast Sunday with RAI state television, Schettino again defended his actions and said he wanted to "share in the pain of all the victims and the families of the victims."

Taking part in the anniversary commemoration was Capt. Gregorio De Falco of the Italian coast guard, who became something of a hero to survivors after his recorded conversations with Schettino during the evacuation were made public. In them, De Falco excoriated Schettino for having abandoned the ship before all passengers were off and ordered him to return, shouting the now-infamous order "Go on board (expletive)!"

De Falco said he wanted to go to Giglio to "embrace the victims, and the relatives of the victims." De Falco, who has shied from all media attention since the disaster, said he did so out of respect for the victims.

"I'm not a hero," he told reporters in Giglio on Sunday. "I just did my job."

Also on hand was Kevin Rebello, brother of Costa waiter Russel Rebello, one of the two victims whose bodies were never recovered. Kevin Rebello spent weeks on Giglio in the aftermath of the disaster awaiting word of the fate of his brother and said he couldn't sleep ahead of Sunday's anniversary.

"I have been constantly thinking it is going to be again the same agony, even tonight, because it is going to be the same exact moment when all this happened," he told Associated Press on Sunday. "So my heart is beating a bit faster I guess."

The Concordia remains on its side, grounded off Giglio's port. Officials now say it will take until possibly September to prepare the ship to be rolled upright and towed from the rocks to a port to be dismantled. The cost has also swelled to (euro)400 million ($530 million).

While Sunday's commemoration was focused on the relatives of those who died, Giglio's residents were also being remembered for having opened their doors to the survivors who came ashore that night, cold, wet and traumatized after a chaotic evacuation.

"It was something that was too big for us," said Giglio resident Silvana Anichini. "We are just not used to things like this, and then it turned out to be one of the biggest shipwrecks in the world."

Italian President Giorgio Napolitano sent a message of thanks to the island, praising its people for their "high sense of civic duty and humanity."

Many survivors have stayed in touch with their Giglio hosts, connected in ways they didn't ever expect. Claudia Urru, who stayed home in Sardinia on the anniversary, says she speaks monthly with the Giglio family that took her family and the two other families she was travelling with into their home that night, giving them warm clothes and food.

For Christmas, her Giglio family sent a package of local sweets, and they have discussed having a reunion in Sardinia.

"This is the only thing good that has come of it," Urru said by phone last week.

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