Selasa, 2 Julai 2013

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KL shares open marginally higher

Posted: 02 Jul 2013 06:45 PM PDT

Share prices opened marginally higher today bolstered by selected bluechips, dealers said.

At 9.01am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.65 points better at 1,773.540 after opening 0.53 of a point higher to 1,772.42.

Dealers said the Malaysian bourse would likely swing sideways with a slight negative bias today in the absence of fresh market leads.

Nevertheless, the immediate downside risk for the key FBM KLCI remained relatively limited, with the benchmark index probably still treading above the first support level of 1,750 ahead, they said.

On the scoreboard, the Finance Index dipped 1.09 points to 16,900.65, the Industrial Index rose 4.34 points to 3,017.12, the Plantation Index gained 7.06 points to 8,374.81 while the FBM Ace Index added 3.29 points to 4,615.31.

Gainers led losers 84 to 52, while 1,447 counters were unchanged, volume stood at 14.5 million shares worth RM17.5 million.

Among actives, Iris and Eti Tech were both flat at 19 sen and 4.5 sen, respectively, while Ewein Bhd-WA added two sen to 19.5 sen.

As for heavyweights, Maybank was unchanged at RM10.40, CIMB Group rose one sen to RM8.24 but Sime Darby shed one sen to RM9.49 sen.-- Bernama

KL bourse rises in early trade

Posted: 02 Jul 2013 06:52 PM PDT

Malaysia's benchmark stock index rose in early trade, with the country's fifth-largest lender, Hong Leong Bank Bhd, and oil and gas firm Petronas Chemicals Group Bhd leading the gains.

The index, which climbed 0.06 per cent, outperformed both MSCI's broadest index of Asia Pacific shares outside Japan, that fell 0.59 per cent, and Tokyo's Nikkei share average, which declined 0.34 per cent.

"Immediate downside risk for the key index remains relatively limited, with the benchmark index probably still treading above the first support level of 1,750 ahead," HwangDBS Vickers Research said in a note to clients on Wednesday.

HwangDBS also said investors would watch Ewein Bhd, after local media reported that the metal fabricator company was close to securing a sizeable contract, worth around RM1 billion, related to the construction of a mega undersea tunnel project in Penang.

The index was up 0.08 per cent at 1,772.88.-- Reuters
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Exclusive: Egypt army plan would scrap constitution, parliament - sources - Reuters

Posted: 02 Jul 2013 09:09 AM PDT

Military helicopters fly above Tahrir Square while protesters opposing Egyptian President Mohamed Mursi shout slogans against him and Brotherhood members during a protest in Cairo July 1, 2013. REUTERS/Mohamed Abd El Ghany

Military helicopters fly above Tahrir Square while protesters opposing Egyptian President Mohamed Mursi shout slogans against him and Brotherhood members during a protest in Cairo July 1, 2013.

Credit: Reuters/Mohamed Abd El Ghany

CAIRO | Tue Jul 2, 2013 12:09pm EDT

(Reuters) - Egypt's armed forces would suspend the constitution and dissolve an Islamist-dominated parliament under a draft political roadmap to be pursued if Islamist President Mohamed Mursi and his opponents fail to reach a power-sharing agreement by Wednesday, military sources said.

The sources told Reuters the Supreme Council of the Armed Forces (SCAF) was still discussing details of the plan, intended to resolve a political crisis that has brought millions of protesters into the streets. The roadmap could be changed based on political developments and consultations.

Chief-of-staff General Abdel Fattah El-Sisi called in a statement on Monday for Mursi to agree within 48 hours on power-sharing with other political forces, saying the military would otherwise set out its own roadmap for the country's future.

The president rebuffed the ultimatum and the main liberal and leftist opposition alliance has refused to talk to him, demanding along with youth activists that he resign.

The sources said the military intended to install an interim council, composed mainly of civilians from different political groups and experienced technocrats, to run the country until an amended constitution was drafted within months.

That would be followed by a new presidential election, but parliamentary polls would be delayed until strict conditions for selecting candidates were in force, they said.

The armed forces planned to open talks with the main opposition National Salvation Front and other political, religious and youth organizations once a deadline set for Mursi to reach a power-sharing agreement expires on Wednesday.

The sources would not say how the military intended to deal with Mursi if he refused to go quietly.

The emerging roadmap could be amended as a result of those consultations, they said. Among figures being considered as an interim head of state was the new president of the constitutional court, Adli Mansour.

The emerging army blueprint closely resembles proposals for a democratic transition put forward by the NSF, which appointed former U.N. nuclear watchdog Mohamed ElBaradei on Monday to negotiate with the military on the way forward.

The military sources said the new transition arrangements would be entirely different from the military rule that followed the overthrow of autocratic President Hosni Mubarak in a 2011 popular uprising.

Then, the armed forces' council held effective power but was widely criticized by liberal and left-wing politicians for failing to enact vital economic and political reforms, and siding with the Muslim Brotherhood.

(Writing by Paul Taylor, editing by Peter Millership)

Rafael Correa: we helped Snowden by mistake - The Guardian

Posted: 02 Jul 2013 09:08 AM PDT

Rafael Correa Ecuador president Edward Snowden
Ecuador's president Rafael Correa said Snowden 'must be on Ecuadorean territory' to make an asylum request. Photograph: Martin Mejia/AP

Ecuador is not considering Edward Snowden's asylum request and never intended to facilitate his flight from Hong Kong, president Rafael Correa said as the whistleblower made a personal plea to Quito for his case to be heard.

Snowden was Russia's responsibility and would have to reach Ecuadorean territory before the country would consider any asylum request, the president said in an interview on Monday.

"Are we responsible for getting him to Ecuador? It's not logical. The country that has to give him a safe conduct document is Russia."

The president, speaking to the Guardian at the presidential palace in Quito, said his government did not intentionally help Snowden travel from Hong Kong to Moscow with a temporary travel pass. "It was a mistake on our part," he added.

The comments clashed with expressions of gratitude the 30-year-old fugitive issued hours later, before Correa's views had been published.

"I must express my deep respect for your principles and sincere thanks for your government's action in considering my request for political asylum," said a letter, in Spanish and attributed to Snowden.

"There are few world leaders who would risk standing for the human rights of an individual against the most powerful government on earth, and the bravery of Ecuador and its people is an example to the world."

The former NSA contractor contrasted the silence of governments afraid of US retaliation with Ecuador's help in his flight to Moscow on 22 June. A temporary Ecuadorean travel document substituted for his cancelled US passport.

"The decisive action of your consul in London, Fidel Narvaez, guaranteed my rights would be protected upon departing Hong Kong – I could never have risked travel without that. Now, as a result, and through the continued support of your government, I remain free and able to publish information that serves the public interest."

The letter will boost Ecuador's reputation with Snowden's supporters but sat awkwardly with the president's attempt to distance Quito from the saga. Correa said Quito respected the right of asylum and appreciated Snowden exposing the extent of US spying, but will not consider an asylum request unless he made it to an Ecuadorean embassy or the country itself – a remote possibility while he remains reportedly marooned in Sheremetyevo airport's transit lounge. "He must be on Ecuadorean territory," the president said.

Correa added his government had not, and would not, give Snowden an authorised travel document to extract himself from the airport. "The right of asylum request is one thing but helping someone travel from one country to another — Ecuador has never done this. "

He said the temporary travel document issued by his London consul on 22 June – and publicly disowned five days later — was a blunder.

"It was a mistake on our part. Look, this crisis hit us in a very vulnerable moment. Our foreign minister was touring Asia. Our deputy foreign minister was in the Czech Republic. Our US ambassador was in Italy."

Narvaez and Julian Assange, the WikiLeaks founder who has sheltered at Ecuador's London embassy for the past year to escape extradition, took matters into their own hands because they feared Snowden risked capture, said Correa.

"The consul, in his desperation, probably he couldn't reach the foreign minister, it was four in the morning, and he issued a safe conduct document without validity, without authorisation, without us even knowing."

The president said Narvaez would be "sanctioned" but that he understood the consul and Assange acted in good faith. Quito's appreciation for Assange had not been damaged, he said.

Correa, a standard bearer for the left in Latin America, softened his denunciations of the US over the weekend and praised vice president Joe Biden for a gracious phone call, saying he would consider Washington's request to refuse any asylum claim from Snowden while retaining Ecuador's sovereignty. Asked if he thought Snowden would ever make it to Quito, he said he did not know.

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