Rabu, 10 April 2013

NST Online Business Times : latest

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Kenanga raises target price for UMW

Posted: 10 Apr 2013 07:15 PM PDT

Kenanga Research raised its target price for UMW Holdings Bhd to RM12.53 per share from RM12.37 after the firm's oil and gas drilling unit won a US$157.68 million contract.

Kenanga said in a research note on Thursday that UMW's earnings for the financial years 2013 through 2015 are likely to be higher by 1.0-1.3 per cent due to the contract win.

UMW Standard Drilling Sdn Bhd won a three-year contract for the provision of a jack-up drilling rig from Petronas Carigali Sdn Bhd, a unit of Malaysia's national oil company Petroliam Nasional Bhd.

Shares in UMW Holdings were trading down 0.15 per cent at RM13.36 while the benchmark index was up 0.31 per cent at 1,701.46.-- Reuters

Ringgit opens lower against US dollar

Posted: 10 Apr 2013 07:19 PM PDT

The ringgit opened lower against the US dollar, in early trading Thursday, prompted by profit taking activities.

At 9.12am, the ringgit was quoted at 3.0340/0360 against 3.0285/0315 at 5pm on Wednesday.

A dealer said the local note was on an upward this week but gains
were capped as traders booked profits following the announcement of polling day yesterday.

"However, statistics show continued foreign demand in the domestic bond market, especially for Islamic sukuk government bonds," said a dealer.


Meanwhile, the local currency was traded mostly lower against other major currencies.

The ringgit weakened against the Singapore dollar to 2.4505/4539 from 2.4457/4483 on Wednesday and saw little change against the Japanese yen at 3.0459/0485 versus 3.0459/0492 yesterday.

The ringgit was also lower against the British pound at 4.6499/6542 from 4.6380/6438 yesterday and depreciated against the euro to 3.9600/9632 from 3.9645/9690 on Wednesday.-- Bernama

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No Panic in NKorea Despite Talk of Missile Test - ABC News

Posted: 10 Apr 2013 09:18 AM PDT

As the world braced for a provocative missile launch by North Korea, with newscasts worldwide playing up tensions on the Korean Peninsula, the center of the storm was strangely calm.

The focus in Pyongyang was less on preparing for war and more on beautifying the city ahead of the nation's biggest holiday: the April 15 birthday of the nation's founder, Kim Il Sung. Soldiers put down their rifles to blanket the barren ground with sod and students picked up shovels to help plant trees.

But a nation that has historically used major holidays to draw the world's attention by showing off its military power could well mark the occasion by testing a missile designed to strike U.S. military installations in Japan and Guam. South Korea's foreign minister said the prospect of a medium-range missile launch is "considerably high."

North Korean officials have not announced plans to launch a missile in defiance of U.N Security Council resolutions barring Pyongyang from nuclear and missile activity.

But they have told foreign diplomats in Pyongyang that they will not be able to guarantee their safety starting Wednesday and urged tourists in South Korea to take cover, warning that a nuclear war is imminent. However, most diplomats and foreign residents in both capitals appeared to be staying put.

The threats are largely seen as rhetoric and an attempt by impoverished North Korea to scare foreigners into pressing their governments to pressure Washington and Seoul to change their policies toward Pyongyang, as well as to boost the military credentials of North Korea's young leader, Kim Jong Un. North Korea does not have diplomatic relations with the U.S. and South Korea, its foes during the Korean War of the 1950s, and has pushed for a peace treaty to replace a 60-year-old armistice.

On the streets of Pyongyang, there was no sense of panic.

Downtown, schoolchildren marched toward the towering statues of the two late leaders, Kim Il Sung and Kim Jong Il, dragging brooms to sweep the hilltop plaza where they lord over Pyongyang. Women with coats thrown over traditional dresses rushed through the spring chill after leaving a rehearsal for a dance planned for Kim Il Sung's birthday celebrations.

At the base of Mansu Hill, a group of young people held a small rally to pledge their loyalty to Kim Jong Un and to sing the Kim ode "We Will Defend the Marshal With Our Lives."

Kim Un Chol, the 40-year-old head of a political unit at Pyongyang's tobacco factory, said he had been discharged from the military but was willing to re-enlist if war breaks out. He said North Koreans were resolute.

"The people of Pyongyang are confident. They know we can win any war," he told The Associated Press. "We now have nuclear weapons. So you won't see any worry on people's faces, even if the situation is tense."

Kim Jong Il elevated the military's role during his 17-year rule under a policy of "military first," and the government devotes a significant chunk of its annual budget to defense. Human rights groups say the massive spending on the military and on development of missile and nuclear technology comes at the expense of most of its 24 million people. Two-thirds of the population face chronic food shortages, according to the World Food Program.

North Koreans are taught from childhood to hate the U.S. and to gird against an invasion by "imperialists" intent on taking over the entire Korean Peninsula.

Mental evaluation set for suspect in Lone Star College stabbings - Christian Science Monitor

Posted: 10 Apr 2013 09:14 AM PDT

Five of 14 people hurt during a knife attack at Lone Star College remain hospitalized in good condition Wednesday. Dylan Quick, a student, has been charged in Tuesday's stabbings.

By Correspondent / April 10, 2013

Dylan Quick, a suspect in the multiple stabbings Tuesday at Lone Star College Cy-Fair campus, is escorted by Harris County Sherrif's Office investigators after being questioned in Houston. Mr. Quick is charged with three counts of aggravated assault with a deadly weapon.

Cody Duty/Houston Chronicle/AP

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Police have charged one man in Tuesday's stabbing rampage at a Houston-area community college, during which 14 people were injured.

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Correspondent

Allison Terry works on national news desk for the Christian Science Monitor. She previously worked on the cover page desk and contributes to the culture section of the Monitor.

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Dylan Quick, a student at Lone Star College's Cy-Fair campus, is being held without bond and is charged with three counts of aggravated assault with a deadly weapon. Five people remain hospitalized, though they are all in good condition, hospital officials said. Mr. Quick will appear in court Thursday in Houston, according to the Associated Press.

In a voluntary statement to authorities, the suspect admitted that "he has had fantasies of stabbing people to death since he was in elementary school," according to a news release from the Harris County Sheriff's Office. "He also indicated that he has been planning this incident for some time," it stated.

On Wednesday, Quick will undergo a psychological evaluation, the Harris County District Attorney's Office told CNN.

Quick's neighbors said they were taken aback to learn that the shy man who often helped his parents with yard work could be tied to something like this.

Next-door neighbor Michael Lincoln was surprised that the "very friendly kid" was implicated in the incident. Quick helped Mr. Lincoln pull down a branch that had fallen on his roof last week.

"He's not aggressive," Lincoln told the Houston Chronicle. He added that Quick did keep mostly to himself.

"He doesn't have any friends. Nobody comes over there," Lincoln said. "He stays inside most of the time."

Magdalena Lopez, who has lived across the street from the Quick family for 15 years, said she couldn't believe that Quick would do this.

"I can't imagine what would have happened to that young man to make him do something like this. He is very normal," Ms. Lopez told the Associated Press.

Quick came to Lone Star College after being home-schooled, the Houston Chronicle reported. He started attending events at the college's library when he was 12 to help develop his hearing and communication skills. Born deaf, Quick received ear implants when he was 7 years old, the paper reported.

He attended two book clubs at the library – Classics for Home Schooled Teens and Contemporary Books for Everyone – and after two years of not contributing to the groups, he learned to open up.

"Dylan became loquacious, sharing his analyses of literature and socializing with his book club comrades," said a profile on the library's website, a blog that focuses on teens transitioning from high school to college that was published April 1.

This is the second attack in three months for Lone Star College, a network of six campuses the Houston area. In January, a fight led to a shooting at the North Harris campus in which three people were injured.

At 11:20 a.m. Central time, Quick used a "razor-like knife" to stab people, moving quickly through campus before being tackled by other students, according to the statement from the sheriff's office.

Ryan Ballard was among the students reported to have helped stop the attack, chasing the suspect as he fled the Health Science building where Mr. Ballard was headed to biology class.

When Ballard entered the building, students were shouting, and several were bleeding, he told the Houston Chronicle.

"My first thought was I need to go catch him,'" he told the paper. "I don't know why I thought that."

Police say they found the handle to the knife in Quick's backpack, which he was carrying when he was arrested.

The college reopened at regular hours Wednesday after being locked down Tuesday because police believed there was a second suspect. Campus surveillance equipment and eye-witness accounts later confirmed only one perpetrator, the college said in a statement.

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