Isnin, 21 Januari 2013

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KL shares lower at mid-morning

Posted: 21 Jan 2013 06:14 PM PST

Share prices on Bursa Malaysia remained in negative territory at mid-morning amid mixed regional stock markets, with losses mostly seen in banking counters, dealers said.

As at 11.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) lost 16.05 points to 1,619.58 after opening 8.63 points weaker at 1,627.

Hong Leong Bank and Public Bank went down 30 sen each to RM14.10 and RM15.50 respectively, while Hong Leong Financial Group slipped 22 sen to RM13.68.

The Finance Index was dragged down by 187.75 points to 14,746.2, the Industrial Index slipped 29.64 points to 2,700.62 and the Plantation Index declined 73.69 points to 7,912.09.

The FBM Emas Index dropped 107.74 points to 11,011.26, the FBMT100 dipped 107.6 points to 10,863.05, the FBM Mid 70 Index gave up 118.32 points to 11,968.29 and the FBM Ace Index shed 59.23 points to 4,083.16.

Losers led gainers by 564 to 99 with 234 counters unchanged, 762 untraded and 23 others suspended. Volume stood at 460.95 million shares worth RM621.17 million.

Among actives, Compugates Holdings and Patimas Computers were flat at 8.5 sen and 12.5 sen respectively, while Daya Materials and Scomi Group eased half a sen each to 22 sen and 35 sen respectively.

As for heavyweights, Maybank slipped six sen to RM8.80, CIMB fell five sen to RM7.19, Axiata was flat at RM6.30 but Sime Darby earned one sen to RM9.23. -- Bernama

Jobs @ BUSINESS TIMES

Posted: 21 Jan 2013 06:18 PM PST

BUSINESS TIMES is looking for journalists with the following criteria:

1. Not more than 35 years old
2. A degree holder or with relevant experience
3. Willing to work long hours

Please email application letter/curriculum vitae (CV) with photograph to:

Khaidir A Majid
Chief News Editor, Business Times
qidir at nstp.com.my
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Obama Renews Oath for 2nd Term - New York Times

Posted: 21 Jan 2013 09:02 AM PST

WASHINGTON — Barack Hussein Obama renewed his oath of office at midday Monday, ceremonially marking the beginning of another four years in the White House and calling for "fidelity to our founding principles" while also embracing "new responses to new challenges."

Crowds that were expected to reach about 600,000 people assembled on the National Mall in front of the Capitol, eager to witness the start of the president's second term. Mr. Obama, 51, was formally sworn in during a small private ceremony at the White House residence on Sunday, the date constitutionally mandated for inauguration.

Mr. Obama declared that the country was "made for this moment," but said that the nation must confront the needs of a rising middle class. And he acknowledged that the often divisive and combative politics of today have sometimes fallen short of the size of the country's problems.

"For now decisions are upon us, and we cannot afford delay. We cannot mistake absolutism for principle, or substitute spectacle for politics, or treat name-calling as reasoned debate," Mr. Obama said. "We must act, knowing that our work will be imperfect."

Security in Washington was tight as Mr. Obama, the nation's first black president, delivered his second Inaugural Address from the Capitol just after noon. Speaking on the day the nation sets aside to honor the Rev. Dr. Martin Luther King Jr., Mr. Obama took his oath with his hand on two Bibles: one once owned by Dr. King and another once owned by Abraham Lincoln.

The president and Michelle Obama started the morning at a church service at St. John's Episcopal Church, just across Lafayette Square from the White House. Vice President Joseph R. Biden Jr. and his wife, Jill Biden, joined the first couple at the service.

During the service, the Rev. Andy Stanley of North Point Community Church in Alpharetta, Ga., said Mr. Obama should be called "pastor in chief" for his role in soothing the nation after the school shooting in Newtown, Conn. He also talked about what people should do in a position of power.

"You leverage that power for the benefit of other people in the room," Mr. Stanley said, adding that he prayed that Mr. Obama would "continue to leverage this influence for the sake of our nation and the sake of the world."

Later, the president's personal Twitter account sent out a message from Mr. Obama: "I'm honored and grateful that we have a chance to finish what we started. Our work begins today. Let's go. -bo."

When the presidential limousines returned to the White House from the church service, Malia Obama, 14, sneaked up to surprise her father, shouting "Boo!" as he emerged. "You scared me!" he told her, according to reporters who witnessed the exchange.

Mr. Obama's motorcade rolled slowly along Pennsylvania Avenue toward the Capitol just before 11 a.m., prompting cheers of "Obama!" from crowds lined up along the road. At the same time, members of Mr. Obama's cabinet began assembling in the bleachers behind the president's lectern.

Later in the day, the Obamas will lead the traditional parade down Pennsylvania Avenue toward an elaborate reviewing stand constructed in front of the White House. Celebrations are scheduled to continue late into the night at two official inaugural balls in Washington's sprawling convention center, with performances by musical stars like Alicia Keys, Brad Paisley, Katy Perry, Smokey Robinson and Stevie Wonder. Beyoncé will sing the national anthem on Monday afternoon.

As people started gathering for the inauguration, some chose to start the day at the monument to Dr. King.

"It's not a novelty this time," said Holly Wieland, 57, of Reston, Va., who also attended President Obama's first inauguration. "It's like the first time you say 'maybe it's an aberration.' But it's for real now."

Sheryl Gay Stolberg contributed reporting.

Canadian 'co-ordinated' terrorist attack, says Algerian PM – live updates - The Guardian

Posted: 21 Jan 2013 09:00 AM PST

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Ahad, 20 Januari 2013

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Ranhill Energy said to list by Q2

Posted: 20 Jan 2013 06:42 PM PST

Ranhill Energy and Resources Bhd, a Malaysian energy and water company, is expected to list on the local stock exchange by the second quarter of this year in a deal that will likely raise more than RM1 billion, two sources close to the deal told Reuters.

The initial public offering could be among the first after a general election that Malaysian Prime Minister Najib Razak must call by the end of April. The IPO pipeline in the Southeast Asian country has slowed ahead of the election because of concerns about market volatility, analysts and investment bankers have said.

"Second quarter at the latest, but it depends on the elections," said one of the sources, who declined to be named because the matter was private. Ranhill Energy officials were not immediately available to comment.

Ranhill Energy, which counts its president and chief executive, Hamdan Mohamad, and regional investment fund Cheval Infrastructure Fund LP among its shareholders, provides engineering services for the onshore and offshore oil and gas, refinery and petrochemical industries.

It also owns and operates two 190-megawatt combined-cycle gas fired turbine power plants in the west Malaysian state of Sabah, and was awarded an exclusive licence by the government to provide source-to-tap water supply services in Johor, the second most populous state in the country.

Ranhill Energy will use about 70 per cent of the IPO proceeds to redeem Islamic notes and bonds, 19.1 per cent to pay off company acquisitions, 7.1 per cent to expand its water business in China, and the rest for listing expenses, according to a draft prospectus filed on Jan. 13.

The company has given no information on the amount of shares to be offered, the pricing, or a timeframe for the IPO. Ranhill Energy is part of Ranhill Bhd, which was bought out by its management in 2011 for 90 sen per share, valuing the company's equity at RM538 million.

Maybank Investment Bank is the principal adviser for the IPO. CIMB Investment Bank and Maybank Investment Bank are the joint global coordinators and bookrunners. They are also the underwriters for the deal. -- Reuters

MARC affirms its rating on PLUSBHD

Posted: 20 Jan 2013 06:39 PM PST

Malaysian Rating Corporation Berhad (MARC) has affirmed its AAAIS rating on Projek Lebuhraya Usahasama Berhad's (PLUS Berhad) RM23.35 billion Sukuk Musharakah Programme.

The rating outlook is stable. PLUS Berhad holds a portfolio of tolled expressways, of which the North-South Expressway (NSE) is its largest revenue source.

The affirmed rating continues to incorporate a two-notch rating uplift from PLUS Berhad's standalone rating of AA based on MARC's assumption of full and timely government support with respect to the programme.

Factors that support this assumption include the government's support and golden share in the concession company, the interdependence between default events for the rated sukuk and RM11.0 billion government-guaranteed sukuk (GG Sukuk) which matures after the Sukuk Musharakah Programme and NSE's function as a critical national transportation link. Accordingly, any signs of weakening support may have an adverse impact on the rating.

PLUS Berhad's standalone rating reflects the strong traffic performance of its toll concession portfolio and the company's sizeable liquidity position. The rating is moderated by PLUS Berhad's high gearing level, potential traffic diversion towards new competing toll roads and inherent traffic vulnerability to the country's economic performance.

Owned by UEM Group Berhad and Employees Provident Fund Board via PLUS Malaysia Berhad, PLUS Berhad was incorporated to facilitate the purchase of all toll concessions previously held by the then-listed PLUS Expressways Berhad. The portfolio consists of five toll concessions, of which the key concession, the 772km NSE, is projected to generate over 80 perbcent of PLUS Berhad's revenue over the tenure of the programme.

Traffic volume on the NSE in the nine-month period ended September 30, 2012 (9M2012) stood at 10.89 billion passenger car unit-kilometre (PCU-km), registered an annualised growth rate of 4.7 per cent, while traffic of the remaining toll concessions recorded an annualised growth rate of between 1.1 per cent and 6.2 per cent in the same period. The traffic growth rates were in line with projections.

In 9M2012, PLUS Berhad recorded revenue of RM2.20 billion against full-year projections of RM3.00 billion. On an annualised basis, actual revenue was marginally lower than projected due to the shorter operating period as the concession assets were acquired on January 12, 2012.

Pre-tax losses during the period stood at RM93.6 million against projected full-year pre-tax losses of RM655.9 million due to lower operating expenses and higher toll collection from the higher-than-projected traffic growth of the portfolio of toll roads.

The company also recorded better-than-expected cash balance which would help raise PLUS Berhad's projected minimum and average finance service cover ratio (FSCR) above the originally projected 1.99 times and 4.85 times. The higher FSCR allowed PLUS Berhad to distribute RM335.0 million in RCULS coupons in October 2012 and the company may make future distributions going forward, subject to the covenants of the programme.

The stable outlook reflects MARC's expectations that PLUS Berhad should continue to meet its obligations comfortably and the on-going financial support from the government. -- Reuters

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Obama officially begins his second term with oath - Washington Post

Posted: 20 Jan 2013 08:59 AM PST

Chief Justice John G. Roberts administered the oath, and the two will repeat the process again Monday in a public celebration at the Capitol. The Constitution mandates that presidential terms begin on Jan. 20, and it is traditional when the day falls on a Sunday that the public ceremony take place the next day.

Obama took the oath in the Blue Room of the White House, with his family looking on.

The ceremony followed a morning where the president took part in a wreath-laying ceremony at Arlington National Cemetery and worshipped at a historic African-American church.

Vice President Biden got a jump on the president by taking his oath at an early-morning ceremony at his residence at the Naval Observatory. Justice Sonia Sotomayor delivered the oath, becoming the fourth woman and the first Hispanic to administer the oath to the president or vice president.

Biden was sworn in before a crowd of 120 people, surrounded by his family on a makeshift stage in an alcove.

After the oath was completed, Biden kissed Sotomayor and then hugged and kissed his wife, Jill Biden, who held a massive Biden family Bible.

"Madame Justice, these are some of my friends, and family," Biden said, grasping Sotomayor's hand.

The 8:21 a.m. event apparently was prompted by Sotomayor's need to be at a Barnes and Noble in New York for an afternoon address and signing event for her new memoir, "My Beloved World."

Biden didn't get into specifics, but told the crowd: "I want to explain to you what a wonderful honor it was, and how much out of her way the justice had to go. She is due in New York. She has to leave right now. . .so she can catch a train — I hope I haven't caused her to miss."

Biden's ceremony led to speculation about his political future--a wide range of Democratic officials, early primary state officeholders and party strategists were on hand. Among the invited were former White House chief of staff William Daley, Obama's longtime political strategist David Axelrod, New Hampshire Gov. Maggie Hassan, House Democratic leader Nancy Pelosi and Democratic National Committee Chairwoman Debbie Wasserman Schultz.

"Of course we can always start the political calculations in terms of the number of delegates needed to secure a nomination," said longtime Democratic strategist Donna Brazile, who was also in the crowd. "But let's just say I see a number of superdelegates here as well."

The Obamas sat at the front of the District's historic Metropolitan African Methodist Episcopal Church-- known as the "national cathedral of African Methodism"--where the crowd sang Happy Birthday to Michelle Obama and the sermon featured the slogan of the president's reelection campaign--"forward."

The Obamas have worshipped there before in advance of Martin Luther King Day, and the church has hosted inaugural prayer services for President Bill Clinton and Vice President Al Gore.

10 inaugural moments that mattered - CNN

Posted: 20 Jan 2013 08:38 AM PST

Barack Obama is sworn in as the first African-American president of the United States on January 20, 2009.Barack Obama is sworn in as the first African-American president of the United States on January 20, 2009.
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Sabtu, 19 Januari 2013

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Algeria hostage situation reportedly comes to violent end, as Panetta says much ... - Fox News

Posted: 19 Jan 2013 08:41 AM PST

The U.S. and British defense chiefs said the hostage crisis in Algeria ended with more deaths, but that details remained unclear. They blamed the militants who seized the natural gas complex in the Sahara, and not Algeria's government for its rescue operation.

According to Algeria's state news agency, special forces natural stormed the complex Saturday in a "final assault" to end the four-day-old hostage crisis. The report didn't say whether any hostages or militants remained alive, and it didn't give the nationalities of the dead. 

A senior U.S. official tells Fox News that it is premature to say the standoff is over, as they continue to press Algeria for more details. 

At a joint news conference in London, British Defense Minister Philip Hammond called the loss of life appalling and unacceptable.

"It is the terrorists that bear the sole responsibility," he told reporters.

U.S. Defense Secretary Leon Panetta said much remains "sketchy" about what happened at the remote Ain Amenas gas field.

"We know that lives have been lost," he said.

Asked how many Americans were in danger and what happened to them, Panetta said he knew Americans were still being held hostage earlier Saturday. On what happened to them, he said, "we need to get better information."

Algeria's state news agency said the army was forced to intervene after a fire broke out in the plant and said the militants killed the hostages. It wasn't immediately possible to verify who killed the captives.

Seven hostages and 11 militants were killed in Saturday's operation, adding to the previous tally of 12 captives and 18 kidnappers.

The Ain Amenas plant is jointly run by BP, Norway's Statoil and Algeria's state-owned oil company. The governments of Norway and Britain said they received confirmation the siege was over.

The entire refinery was mined with explosives and set to blow up, the Algerian state oil company Sonatrach said in a statement, adding that the process of clearing the explosives had begun. The Algerian media reported that the militants had planned to blow up the complex.

The siege transfixed the world after radical Islamists linked to Al Qaeda stormed the complex, which contained hundreds of plant workers from all over the world.

Algeria's response to the crisis was typical of the country's history in confronting terrorists -- military action over negotiation -- and caused an international outcry from countries worried about their citizens. Algerian military forces twice assaulted the areas where the hostages were being held with minimal apparent negotiation -- first on Thursday and then on Saturday.

The latest deaths bring the official Algerian tally of dead to 19 hostages and 29 militants, although reports on the number of dead, injured and freed have been contradictory throughout the crisis. Militants originally said they had seized 41 foreign hostages.

The Al Qaeda-linked militants attacked the plant Wednesday morning. They crept across the border from Libya, 60 miles away, and fell on a pair of buses taking foreign workers to the airport. The buses' military escort drove off the attackers in a blaze of gunfire that sent bullets zinging over the heads of crouching workers. A Briton and an Algerian -- probably a security guard -- were killed.

Frustrated, the militants turned to the vast gas complex, divided between the workers' living quarters and the refinery itself, and seized hostages, the Algerian government said. The gas flowing to the site was cut off.

On Thursday, Algerian helicopters opened fire on a convoy carrying both kidnappers and their hostages, resulting in many deaths, according to witnesses.

In their final communications, the militants said they were holding seven hostages: three Belgian, two Americans, a Japanese and a Briton. They had threatened to kill them if the Algerian army attacked.

Algerian authorities estimated that about 30 militants occupied the Ain Amenas site Wednesday and with 18 already reported dead, it appeared Saturday that the hostage crisis was finally over.

The standoff has put the spotlight on Al Qaeda-linked groups that roam remote areas of the Sahara, threatening vital infrastructure and energy interests. The militants initially said their operation was intended to stop a French attack on Islamist militants in neighboring Mali -- though they later said it was two months in the planning, long before the French intervention.

The accounts of hostages who escaped the complex highlight the cavalier attitude toward their lives taken by both kidnappers and the military.

Ruben Andrada, 49, a Filipino civil engineer who works as one of the project management staff for the Japanese company JGC Corp., described how Algerian helicopter gunships had earlier opened fire on vehicles carrying hostages and the gunmen who used them as shields.

On Thursday, about 35 hostages guarded by 15 militants were loaded into seven SUVs in a convoy to move them from the housing complex to the refinery, Andrada said. The militants placed "an explosive cord" around their necks and were told it would detonate if they tried to run away, he said.

"When we left the compound, there was shooting all around," Andrada said, describing the helicopters' attack. "I closed my eyes. We were going around in the desert. To me, I left it all to fate."

Andrada said when the vehicle he was in overturned, some of the passengers were able to escape. He sustained cuts and bruises and was grazed by a bullet on his right elbow. He later saw the blasted remains of other vehicles, and the severed leg of one of the gunmen.

The site of the gas plant spreads out over several hectares (acres) and includes a housing complex and the processing site, about a mile apart, making it especially complicated for the Algerians to secure the site and likely contributed to the lengthy standoff.

"It's a big and complex site. It's a huge place with a lot of people there and a lot of hiding places for hostages and terrorists," said Col. Richard Kemp, a retired commander of British forces who had dealt with hostage rescues in Iraq and Afghanistan. "These are experienced terrorists holding the hostages."

Casualty figures varied widely. The Algerian government now says 19 hostages and 29 militants have died since Thursday. Before the final assault, the militants claimed through the Mauritanian website ANI that the helicopter attack alone killed 35 hostages and 15 militants.

One American, from Texas, is among the dead, and the militants offered to trade two other American hostages for two terrorists behind bars in the U.S., an offer firmly rejected by Washington. At least one Briton, a Frenchman and Algerians have also died in the standoff. Escaped Algerian workers describe seeing people of many nationalities, including Japanese, shot down.

French Defense Minister Jean-Yves Le Drian said Saturday that there are believed to be no more French hostages in the gas complex. He said the Frenchman killed, Yann Desjeux, was a former member of the French Special Forces and part of the security team. The remaining three French nationals who were at the plant are now free, the Foreign Ministry said.

Britain's Foreign Secretary William Hague confirmed that as of Saturday, there were "fewer than 10" British nationals still at risk or unaccounted for and "the majority of" Britons at the plant were now safe, he said.

Statoil CEO Helge Lund said Saturday that there were only six Norwegians unaccounted for, from the 17 at the plant at the time of the attack.

Romanian Prime Minister Victor Ponta said Saturday one Romanian hostage was killed in the course of the siege, while four escaped unharmed.

The attack by the Mali-based Masked Brigade had been in the works for two months, a member of the brigade told the online Mauritanian news outlet. He said militants targeted Algeria because they expected the country to support the international effort to root out extremists in neighboring Mali and it was carried out by a special commando unit, "Those Who Signed in Blood," tasked with attacking nations supporting intervention in Mali.

The kidnappers focused on the foreign workers, largely leaving alone the hundreds of Algerian workers who were briefly held hostage before being released or escaping.

Several of them arrived haggard-looking on a late-night flight into Algiers on Friday and described how the militants stormed the living quarters and immediately separated out the foreigners.

Mohamed, a 37-year-old nurse who like the others wouldn't allow his last names to be used for fear of trouble for himself or his family, said at least five people were shot to death, their bodies still in front of the infirmary when he left Thursday night.

Chabane, who worked in food services, said he bolted out the window and was hiding when he heard the militants speaking among themselves with Libyan, Egyptian and Tunisian accents. At one point, he said, they caught a Briton.

"They threatened him until he called out in English to his friends, telling them, `Come out, come out. They're not going to kill you. They're looking for the Americans,"' Chabane said.

"A few minutes later, they blew him away."

The Associated Press contributed to this report. 

Obama seeks American support to pressure Congress on gun control - The Guardian

Posted: 19 Jan 2013 08:45 AM PST

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Barack Obama speaks on proposals to reduce gun violence last week as Joe Biden looks on. Photograph: Mandel Ngan/AFP/Getty Images

President Barack Obama called on Americans to pressure Congress into backing his gun control proposals Saturday, as the pro-gun lobby prepared for a "high noon" protest over the proposed measures.

In his weekly radio address, Obama pledged do everything in his power to push through a broad package of legislation, which includes bans on the sale of assault rifles and high-capacity clips alongside improved background checks for owners.

And in a swipe at the National Rifle Association (NRA), the president accused special-interest lobbyists and gun-loving pundits of attempting to derail the debate by framing the proposals as an "all-out assault on liberty". This, he claimed, was aimed more at getting them more air time and money than contributing to the national dialogue. "Behind the scenes, they are doing everything they can to protect the status quo," he said.

To counter the power of the NRA and the influence it wields in the corridors of the Capitol, Obama called on the public to harass pro-gun members of Congress who refuse to budge on the issue of guns despite an apparent surge of support for further controls following the deaths of 20 children and six adults in a school shooting in Connecticut in December.

"Ask them why an A-grade from the gun lobby is more important than keeping his kids safe in a first-grade classroom," Obama said Saturday.

His comments came ahead of a day of activism from those determined to keep America's notoriously lax gun controls in place.

Pro-gun enthusiasts plan to hold demonstrations in 49 states at "high noon" in support to what they say is their second amendment right to arm themselves with assault rifles and other guns.

The rallies, most of which are planned to be staged at state capitals, were being organised by Guns Across America, an organisation launched by Texas airline pilot Eric Reed.

As of Friday afternoon, a Facebook page for Guns Across America listed more than 18,000 people who say they plan to attend events, and Reed said Alaska was the only state with no organiser for a rally.

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