Ahad, 24 Februari 2013

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JHM buys land in Sg Petani for RM2.97m

Posted: 24 Feb 2013 05:48 PM PST

JHM Consolidated Bhd is buying industrial land in Sungai Petani, Kedah for RM2.97 million to build a precision metal stamping factory.

This deal works out to be RM15 per sq ft.

In its filing to the stock exchange on Friday, JHM said the land is owned by Perbadanan Kemajuan Negeri Kedah and leased to Oxford Prestige Sdn Bhd (OPSB) until 4 March 2050.

This Agreement is conditional upon OPSB obtaining the written consent from PKNK for the sale of the land.

So far, JHM has not appoint an architect and is therefore unable to finalise the construction cost of the factory.

Should the construction of the factory commence in the first quarter of 2014, the factory is expected to be completed by 2016.

KL shares open lower in early trading

Posted: 24 Feb 2013 06:17 PM PST

Share prices on Bursa Malaysia opened lower in early trading Monday in tandem with a few other bourses in the region on selling pressure, dealers said.

As at 9.40am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.82 points lower at 1,620.26.

Some of the regional bourses fell in early trading including South Korea's KOSPI Composite Index easing 1.33 points to 2,017.56 and Shanghai Composite losing 11.79 points to 2,314.16.

"We foresee more downside risks than upside potential, with the benchmark FBM KLCI likely to head towards the psychological mark of 1,600 ahead," HwangDBS Vickers Research said.

The research house said major US equity indices rose between 0.9 per cent and 1.0 per cent on Friday as better economic data in Germany lifted hopes that the eurozone economy remains on a gradual recovery track.

The Finance Index gained 9.63 points to 14,935.8, the Plantation Index dwindled 48.91 points to 7,853.98, while the Industrial Index shed 2.8 points to 2,780.71.

The FBM Emas Index lost 11.46 points to 11,001.05, the FBMT100 declined 11.319 points to 10,866.32, the FBM Ace Index added 3.94 points to 3,944.82 and the FBM Mid 70 Index was 8.29 points lower at 1,966.04.

Losers led gainers by 118 to 103, with 156 counters unchanged, 1,299 untraded and 25 others suspended.

Total volume stood at 101.66 million shares worth RM76.6 million.

Actives, Patimas Computers and Karambunai lost half a sen each to six sen and 11 sen, respectively.

Heavyweights, Maybank advanced six sen to RM9.13, Sime Darby lost one sen to RM9.20 and Axiata was flat at RM6.37.-- Bernama

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Oscar Pistorius 'was told to back off from Reeva Steenkamp' - Telegraph.co.uk

Posted: 24 Feb 2013 08:31 AM PST

"She told me he pushed her a bit into a corner. She felt caged in. I told her I would talk to him. I told him not to force himself on her. Back off.

"He agreed, but his face showed me what he was thinking: 'Oh, this guy is talking nonsense'."

Mr Myers described his anger when he heard about Reeva's death, and that it was Pistorius who had killed her.

"She was my little girl, and he shot her four times from behind a closed door. One shot may have been a mistake – but four times?," he said.

"I have a printing business, and I had large, framed photographs of Oscar and myself. I smashed them all. I don't want to know anything about him.

Miss Steenkamp had lived with Mr Myers, a commercial printer, and his wife Desi since September, and the couple's daughter Kim was the model's closest friend in the city.

Pallbearers carry the coffin of Reeva Steenkamp into the crematorium building in Port Elizabeth (AFP/Getty Images)

He said the Paralympian would have to live with his conscience regardless of the outcome of the forthcoming trial.

"I wouldn't do anything to him, because when it's finished and done, he must live with it. I hope he gets a long sentence. Gets what he deserves.

"People will stay away from him now. Women too, they will be too afraid, no girl wants her a**e shot off. And if my daughter wanted to go out with him, the pawpaw would hit the proverbial fan." Mr Myers said he had decided to talk to the newspaper because, "everywhere you go, it's just Oscar, Oscar".

"But Reeva was the victim, her voice must be heard too. People must know who Reeva Steenkamp was," he said.

did not originally plan to stay with Oscar Pistorius the night she died but changed her mind because it became too late for her to drive home safely, her best friend's father has said.

Oscar Pistorius with Reeva Steenkamp at a friend's engagement party in January

Miss Steenkamp, who grew up in Port Elizabeth, used to introduce him to her friends as her "Joburg dad".

"I've got this thing with all three children (Reeva, and his daughters, Kim and Gina), if they don't come home at night, they must text me," Mr Myers told South Africa's City Press newspaper.

"Then Reeva sent the (SMS) message: 'Hi guys, I'm too tired. It's too far to drive. I'm sleeping at Oscar's tonight. See you tomorrow'.

"Tomorrow never dawned for her I have nightmares at night thinking how frightened she must have been. Can you imagine how terrified she was?"

Police asked Mr Myers, his daughter, Kim, and his son, David, formally to identify Miss Steenkamp's body the morning that she was killed.

"We looked at her through a glass window. She was . . . you know . . . the way someone looks who has been shot . . . The police tried to make it easier for us," he said.

He did not describe Miss Steenkamp's injuries further. Police on Sunday denied reports that Pistorius used a cricket bat found at his house to assault his girlfriend before shooting her.

Mr Myers, who identified Miss Steenkamp's body, told the Daily Telegraph that he was "surprised" by reports that she had been assaulted with a cricket bat.

"When I identified Reeva, I saw no indication of that", he said. "The first I knew about it was when I read it in the papers. I do not know where that came from".

No such evidence was entered by the prosecution during pre-trial proceedings to decide if Pistorius would be granted bail, even though it would likely have affected the magistrate's ruling.

Daytona ready for race, willing to relocate fans - Boston.com

Posted: 24 Feb 2013 08:52 AM PST

DAYTONA BEACH, Fla. (AP) — Fans feeling unsafe after the horrific crash at Daytona International Speedway can change seats for NASCAR's biggest race.

Track President Joie Chitwood says workers successfully repaired a section of fence — 54 feet wide and 22 feet high — that was shredded Saturday when Kyle Larson's car went airborne on the final lap of a second-tier race and crashed through the barrier that separates cars from fans. Large pieces of debris, including a tire, sprayed into the upper and lower section of the stands.

The crash injured more than 30 people, raising more questions about fan safety at race tracks. NASCAR President Mike Helton said ''most everybody'' had been released from local hospitals, but there are a ''few still being treated.''

Chitwood says if any fans are uncomfortable with their up-close seating for Sunday's Daytona 500, officials will work to move them.

''If fans are unhappy with their seating location or if they have any incidents, we would relocate them,'' Chitwood said Sunday. ''So we'll treat that area like we do every other area of the grandstand. If a fan is not comfortable where they're sitting, we make every accommodation we can.''

Track workers finished repairs about 2 a.m. Sunday, having installed a new fence post, new metal meshing and part of the concrete wall.

Officials decided not to rebuild the collapsed cross-over gate, which allows fans to travel between the stands and the infield before races.

Daytona has a grandstand remodel planned. Chitwood said the injuries could prompt a redesign that might include sturdier fences or stands further away from the on-track action.

''It's tough to connect the two right now in terms of a potential redevelopment and what occurred,'' Chitwood said. ''We were prepared yesterday, had emergency medical respond. As we learn from this, you bet: If there are things that we can incorporate into the future, whether it's the current property now or any other redevelopment, we will.

''The key is sitting down with NASCAR, finding out the things that happened and how we deal with them.''

Daytona reexamined its fencing and ended up replacing the entire thing following Carl Edwards' scary crash at Talladega Superspeedway in Alabama in 2009. Edwards' car sailed into the fence and spewed debris into the stands.

''We've made improvements since then,'' Chitwood said. ''I think that's the key: that we learn from this and figure out what else we need to do.''

NASCAR plans to take what remained of Larson's sheared car along with debris back to its research and development center in Charlotte, N.C., for testing.

''We'll bring in the best and brightest,'' said Steve O'Donnell, NASCAR's senior vice president for racing operations. ''Anything we can learn will be put in place. ... Fans are our first priority. Obviously we want everybody to be safe at an event. We've talked to the speedway. We're confident in what's in place at today's event. Certainly still thinking about those affected, but we're confident to move forward for this race.''

The 12-car crash began as the front-runners approached the checkered flag. Leader Regan Smith attempted to block Brad Keselowski for the win, triggering a pileup that could have been much worse.

Larson's burning engine wedged through a gaping hole in the fence. Parts and pieces of his car sprayed into the stands, including a tire that cleared the top of the fence and landed midway up the spectator section closest to the track.

The 20-year-old Larson stood in shock a few feet from his car as fans in the stands waved frantically for help. Smoke from the burning engine briefly clouded the area, and emergency vehicles descended on the scene.

Ambulance sirens could be heard wailing behind the grandstands at a time the race winner would typically be doing celebratory burnouts.

''It was freaky. When I looked to my right, the accident happened,'' Rick Harpster of Orange Park said. ''I looked over and I saw a tire fly straight over the fence into the stands, but after that I didn't see anything else. That was the worst thing I have seen, seeing that tire fly into the stands. I knew it was going to be severe.''

In 1987, Bobby Allison's car lifted off the track at Talladega while running over 200 mph, careening into the steel-cable fence and scattering debris into the crowd. That crash led to the use of horsepower-sapping restrictor plates at Talladega and its sister track in Daytona, NASCAR's fastest layouts.

As a result, the cars all run nearly the same speed, and the field is typically bunched tightly together — which plenty of drivers have warned is actually a more dangerous scenario than higher speeds.Continued...

© Copyright 2013 Globe Newspaper Company.

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Sabtu, 23 Februari 2013

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Vatican denies swirling rumors as pope prepares to step down - CNN

Posted: 23 Feb 2013 09:08 AM PST

Pope Benedict XVI waves in St. Peter's Square in the Vatican in December 2012. Benedict, 85, announced on Monday, February 11, that he will resign at the end of February "because of advanced age." The last pope to resign was Gregory XII in 1415.Pope Benedict XVI waves in St. Peter's Square in the Vatican in December 2012. Benedict, 85, announced on Monday, February 11, that he will resign at the end of February "because of advanced age." The last pope to resign was Gregory XII in 1415.
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Sequester and public opinion? Advantage Obama. (+video) - Christian Science Monitor

Posted: 23 Feb 2013 08:12 AM PST

With just days until the 'sequester' and its automatic spending cuts kicks in, President Obama seems to have the advantage with high poll ratings and a message seen as more compelling.

By Staff writer / February 23, 2013

President Barack Obama speaks about the sequester as he stands with emergency responders, a group of workers the White House says could be affected if state and local governments lose federal money as a result of budget cuts.

Charles Dharapak/AP

Enlarge

A batch of recent headlines gives an indication of where things stand in the Obama-Republican face-off over sequestration and the automatic government spending cuts that could kick in next Friday.

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Correspondent Liz Marlantes with insights into the politics behind the impending spending cuts.

"GOP losing sequester blame game"

"Democrats' Economic Narrative Still Trumps GOP's"

"Poll: President Obama approval highest since '09"

"President Obama's popularity surges to three-year high"

"Congress Approval Holding Steady at 15 percent."

RECOMMENDED: Sequester 101: What happens if $85 billion in cuts hit on March 1

Polls and pundits aren't everything, of course. Most Americans this weekend likely are far more interested in Sunday night's Oscar extravaganza.

And most would likely agree with Atlantic associate editor Matthew O'Brien when he writes – with as much truth as irony – on the magazine's web site: "There is nothing more tedious in the world today than the sequester. The word itself sounds like a prescription sleeping aid." There is, after all the gnashing of teeth over the "fiscal cliff" last month, a bit of "The Boy Who Cried Wolf" here for most people.

Still, if the sequester kicks in, thousands of federal workers could be furloughed, some national park programs could be curtailed, and things could be "very painful for the flying public," as Transportation Secretary Ray LaHood warned Friday.

The sequester no doubt will dominate the Sunday morning TV news shows as Republicans and Democrats angle for rhetorical advantage over the sequester's $85 billion in budget cuts this fiscal year, split evenly between defense and non-defense programs.

At the moment, that advantage seems to be with President Obama and the White House. Just to flesh out those headlines cited above….

Bloomberg News put it starkly this week: "President Barack Obama enters the latest budget showdown with Congress with his highest job-approval rating in three years and public support for his economic message, while his Republican opponents' popularity stands at a record low."

Specifically, 55 percent of those polled by Bloomberg last week approve of Obama's performance in office, his strongest level of support since September 2009. But only 35 percent have a favorable view of the Republican Party, the lowest rating over the same period. The GOP's brand slipped six percentage points in the last six months, the poll shows.

Asked who is more to blame for "what's gone wrong" in Washington, those surveyed picked Republicans over Obama 43-34 percent.

Similarly, Gallup finds public approval of Congress – just 15 percent – is "at the low end of the historical spectrum." It's not great news for either party, but Democrats have a slight edge in public approval – 19 percent to 12 percent for the GOP.

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Jumaat, 22 Februari 2013

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Ringgit expected to trade in narrow range

Posted: 22 Feb 2013 06:36 PM PST

The ringgit is expected to trade in a narrow range next week due to a lack of catalysts to spur significant movements.

A dealer said the ringgit's movement would likely be affected by the possible move taken by the US Federal Reserve to scale back its quantitative easing programme sooner-than-expected.

He said another possible contributing factor to the ringgit's movement would be the stock market.

The ringgit experienced a choppy trade this week, tracking the movement of regional currencies while election jitters crept up as well.

The local unit closed the week at 3.1005/1025 against the US dollar, down from the 3.0920/0940 recorded the previous Friday.

On a Friday-to-Friday basis, the ringgit was mostly higher against other major currencies.

Although it fell against the Singapore dollar to 2.5040/5065 from 2.5028/5047 the previous week, it advanced against the yen to 3.3192/3228 from 3.3441/3478, improved against the British pound to 4.7338/7381 from 4.7338/7381 and the euro to 4.0982/0012 from 4.1226/1238.--BERNAMA

Palm futures to trade at RM2,300-RM2,400

Posted: 22 Feb 2013 07:09 PM PST

Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are likely to move between RM2,300 and RM2,400 per tonne next week amid profit-taking, a trader said.

Interband Group Senior Palm Oil Trader Jim Teh said the price range is expected to attract more physical buyers to ease the country's high stock while still being profitable for planters.

"However, prices could increase when the general election fever comes on and there is speculation," he said, adding that market players would be in full swing next week as the Chap Goh Mei festival falls on Sunday, marking the end of the Chinese New Year celebration.

CPO prices kicked off the week on an uptrend due to better export numbers anticipated for the first half of February, coupled with the prospect of a tighter supply of its rival soybean oil.

Prices, however, started to ease Wednesday onwards as export data for the first 20 days of February pointed to slowing demand as well as weaker vegetable oil prices.

On a Friday-to-Friday basis, March 2013 increased RM27 to RM2,479 per tonne, April 2013 added RM23 to RM2,506 per tonne, May 2013 gained RM26 to RM2,532 per tonne and June 2013 stood at RM2,550 per tonne.

Weekly turnover advanced to 148,107 lots from 67,870 lots the previous week, while open interest decreased to 186,706 contracts from 198,224 contracts last Friday.

On the physical market, February South gained RM20 to RM2,460 per tonne from RM2,440 last week. -- BERNAMA

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South Africa's Pistorius goes free on $113000 bail - Reuters

Posted: 22 Feb 2013 08:36 AM PST

Oscar Pistorius stands at the dock before the start of proceedings at a Pretoria magistrates court February 22, 2013. REUTERS/Mike Hutchings

PRETORIA | Fri Feb 22, 2013 12:35pm EST

(Reuters) - A South African court granted bail on Friday to Oscar Pistorius, charged with the murder of his girlfriend on Valentine's Day, after his lawyers successfully argued the "Blade Runner" was too famous to flee justice.

The decision by Magistrate Desmond Nair drew cheers from the Paralympics star's family and supporters. Pistorius himself was unmoved, in marked contrast to the week-long hearing, when he repeatedly broke down in tears.

Nair set bail at 1 million rand ($113,000) and postponed the case until June 4. Pistorius would be released only when the court received 100,000 rand in cash, he added.

Less than an hour later, a silver Land Rover left the court compound, Pistorius visible through the tinted windows sitting in the back seat in the dark suit and tie he wore in court.

The car then sped off through the streets of the capital, pursued by members of the media on motorcycles, before it entered his uncle Arnold's home in the plush Pretoria suburb of Waterkloof.

At least five private security guards stood outside the concrete walls, keeping reporters at bay.

Under the terms of his bail, Pistorius, 26, was also ordered to hand over firearms and his two South African passports, avoid his home and all witnesses, report to a police station twice a week and abstain from drinking alcohol.

The decision followed a week of dramatic testimony about how the athlete shot dead model and law graduate Reeva Steenkamp at his luxury home near Pretoria in the early hours of February 14.

Prosecutors said Pistorius committed premeditated murder when he fired four shots into a locked toilet door, hitting his girlfriend cowering on the other side. Steenkamp, 29, suffered gunshot wounds to her head, hip and arm.

Pistorius said the killing was a tragic mistake, saying he had mistaken Steenkamp for an intruder - a possibility in crime-ridden South Africa - and opened fire in a blind panic.

However, in delivering his nearly two-hour bail ruling, Nair said there were a number of "improbabilities" in Pistorius's version of events, read out to the court in an affidavit by his lawyer, Barry Roux.

"I have difficulty in appreciating why the accused would not seek to ascertain who exactly was in the toilet," Nair said. "I also have difficulty in appreciating why the deceased would not have screamed back from the toilet."

By local standards, the bail conditions are onerous but it remains to be seen if they appease opposition to the decision from groups campaigning against the violence against women that is endemic in South Africa.

"We are saddened because women are being killed in this country," said Jacqui Mofokeng, a spokeswoman for the ruling African National Congress' Women's League, whose members stood outside the court this week with banners saying "Rot in jail".

TOO FAMOUS TO RUN

However, Nair said he made his decision in the "interests of justice" and argued that the prosecution, who suffered a setback when the lead investigator withered under cross-examination by Roux, failed to show Pistorius was either a flight risk or a threat to the public.

Roux stressed the Olympic and Paralympics runner's global fame made it impossible for him to evade justice by skipping bail and leaving the country.

"He can never go anywhere unnoticed," Roux told the court.

Pistorius, whose lower legs were amputated in infancy forcing him to race on carbon fiber "blades", faces life in prison if convicted of premeditated murder.

Prosecutors had portrayed him as a cold-blooded killer and said they were confident that their case, which will have to rely heavily on forensics and witnesses who said they heard shouting before the shots, would stand up to scrutiny at trial.

"We are going to make sure that we get enough evidence to get through this case during trial time," a spokesman for the National Prosecuting Authority told reporters.

In court, lead prosecutor Gerrie Nel was scornful of Pistorius's inability to contain his emotions. "I shoot and I think my career is over and I cry. I come to court and I cry because I feel sorry for myself," Nel said.

"DEEPLY IN LOVE"

In his affidavit, Pistorius said he was "deeply in love" with Steenkamp, leading Roux to stress his client had no motive for the killing.

Pistorius contends he reached for a 9-mm pistol under his bed because he felt particularly vulnerable without his prosthetic limbs.

According to police, witnesses heard shouting, gunshots and screams from the athlete's home, which sits in the heart of a gated community surrounded by 3-m- (yard-) high stone walls topped with an electric fence.

In a magazine interview a week before her death, published on Friday, Steenkamp spoke about her three-month relationship with the runner, who won global fame last year when he reached the semi-final of the 400 meters in the London Olympics despite having no lower legs.

"I absolutely adore Oscar. I respect and admire him so much," she told celebrity gossip magazine Heat. "I don't want anything to come in the way of his career."

Police pulled their lead detective off the case on Thursday after it was revealed he himself faces attempted murder charges for shooting at a minibus. He has been replaced by South Africa's top detective.

Pistorius's arrest stunned the millions around the world who saw him as an inspiring example of triumph over adversity.

But the impact was greatest in South Africa, where he was seen as a rare hero for both blacks and whites, transcending the racial divides that persist 19 years after the end of apartheid.

(Writing by Ed Cropley; Editing by Michael Roddy)

Drew Peterson sentenced to 38 years for murdering this third wife - Detroit Free Press

Posted: 21 Feb 2013 02:36 PM PST

$160,000

3 Bedrooms, 1 Full Baths, 1447 Sq. Ft.

Nancy Barbour

(586) 917-0054

Three bedrooms, possible fourth in bonus room above attached 1.5 car garage. Bonus room can also be den or playroom at 24 x 12 ft. Maple kitchen, 2003, with 20 custom cabs, + 6 ft of 84" pantry cabs + utility cab. Mudroom off kitchen has heated porcelain floor. All kitchen appliances stay. Refinished oak floors,new paint. New concrete driveway. Other upgrades since 1995 include gas furnace, central air, humidifier, air filter, hwh, 100 amp service panel, tilt-to-clean windows, steel exterior doors, vinyl siding, gutters, trim, glass block vented windows in basement and garage, updated bathroom, extra insulation, concrete porch, classy alluminum fencing, insulated garage door and opener. You must see this home! Mt. Clemens qualifies for low-interest MSHDA loans for incomes below $72,250. Gerald T. Klebba, broker.

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Khamis, 21 Februari 2013

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Malaysia tops Persian Gulf on Sukuk

Posted: 21 Feb 2013 07:29 PM PST

Malaysia is leading the Persian Gulf in the global sukuk market this year with 78 per cent of total issuance amid a surge in government-backed debt as Prime Minister Datuk Seri Najib Razak seeks re-election.

Malaysia's Education Fund will price RM1.5 billion of state-guaranteed Islamic bonds today, which will take sales in 2013 to US$4.3 billion, compared with US$1.2 billion in the Gulf Cooperation Council (GCC). The government has backed US$10.7 billion of the securities since the start of 2012, double the previous year.

DanaInfra Nasional Bhd, Syarikat Prasarana Negara Bhd and Tenaga Nasional Bhd are seeking to raise a total of RM12.6 billion from Shariah-compliant bonds to build railways and power plants, part of a 10-year Economic Transformation Programme. Middle East offerings will pick up as more companies switch to sukuk from loans to take advantage of low borrowing costs, according to HSBC Holdings Plc.

"Although competition is heating up, I believe the push from the Malaysian government in maintaining the nation as the sukuk hub of the world will ensure our leading position," Tengku Datuk Zafrul Tengku Abdul Aziz, chief executive officer of Kuala Lumpur-based Maybank Investment Bank Bhd, the top arranger this year, said in an e-mail interview yesterday.

Malaysia's state-owned education fund is seeking to price a 10-year portion of sukuk at 28 basis points to 38 basis points above government securities that don't comply with the Koran's ban on interest, two people familiar with the matter who asked not to be named as the details are private, said yesterday.

The company will offer a spread of 43 basis points to 53 basis points for 15-year notes, they said.

Syarikat Prasarana plans to offer RM6 billion of sukuk this year to finance the extension of a light railway in Kuala Lumpur, Azhar Ghazali, the media affairs manager, said in an e-mail on January 4.

DanaInfra may sell RM1.5 billion of Islamic bonds every quarter, Chief Operating Officer Kamal Mohd Ali told reporters in Kuala Lumpur on January 15.

Sukuk yields that are almost half those in emerging markets are supporting offerings in Asia and the Middle East.

Borrowing costs on global Islamic notes rose seven basis points this year to 2.88 per cent, 21 basis points off a record low on January 10, the HSBC/Nasdaq Dubai US Dollar Sukuk Index shows. Average rates on developing-nation bonds are 4.8 per cent, up 32 basis points since December 31, according to a JPMorgan Chase & Co gauge.

Shariah-compliant debt returned 0.3 per cent in 2013, according to HSBC, while JPMorgan's EMBI Global Index shows emerging-market securities lost 1.8 per cent.

Companies and governments in the Persian Gulf are also planning to raise funds through the Islamic debt market. Malaysia and the Middle East should be about equal in terms of sales, according to HSBC Amanah Malaysia Bhd.

"Issuers from the Middle East who previously tapped the loan market are beginning to see sukuk as a viable option," Chief Executive Officer Rafe Haneef at the Kuala Lumpur-based Shariah unit of HSBC Holdings, said in an interview yesterday. "They can get size and better pricing from the sukuk market as well as a more diversified investor base."

In the six-member GCC, which includes Saudi Arabia and Qatar, average yields on Islamic notes climbed six basis points, or 0.06 percentage point, to 2.98 per cent in 2013 after reaching an all-time low of 2.75 per cent in January, according to the HSBC/Nasdaq Dubai GCC US Dollar Sukuk Index.-- Bloomberg

TNB's Johor to execute terms from March

Posted: 21 Feb 2013 06:19 PM PST

Tenaga Nasional Bhd's (TNB) wholly-owned unit TNB Pasir Gudang Energy Sdn Bhd will, from next month, execute the remaining terms of the existing service level agreement of the power plant in Johor.

In its filing to the stock exchange yesterday, TNB said the new power purchase agreement and new gas supply agreement by TNB Pasir Gudang will be extended for five years from September 2017.

Five months ago, Energy Commission renewed the operating licence of three first-generation power plants at a substantially lower tariff.

Under the current terms of the first generation power plants, the rates are as high as 50 sen/kWh.

Under the Track 2 plan, TNB Pasir Gudang is reported to offer 275MW at a tariff of 37.4 sen/kWh.

The Track 2 plan is meant to facilitate TNB to buy cheaper electricity from the three plants and help meet the capacity needs in the peninsular until 2017.

Two of the plants -- Genting Sanyen Power and Segari Energy Ventures are Independent Power Producers while the third, TNB Pasir Gudang is owned by TNB.

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South Africa puts top detective on Pistorius case - Reuters

Posted: 21 Feb 2013 08:45 AM PST

Investigating officer Hilton Botha, the lead detective in the Oscar Pistorius murder case, sits in court during a break in court proceedings at the Pretoria Magistrates court, February 21, 2013. REUTERS/Mike Hutchings

PRETORIA | Thu Feb 21, 2013 11:43am EST

(Reuters) - South African police investigating Oscar Pistorius for murder pulled their lead detective off the "Blade Runner" athlete's case on Thursday after it emerged he himself faces attempted murder charges for shooting at a minibus.

Battling embarrassment in the glare of a global media spotlight, they named the nation's most senior detective to take over, as preliminary hearings to decide whether the Olympic and Paralympic star can go free on bail were adjourned until Friday.

Hilton Botha, the initial lead investigator had already faced a torrid time over his evidence from defense counsel this week, and police commissioner Riah Phiyega said he might become distracted by the charges relating to the bus shooting in 2011.

"From this point forward, I will take over," Lieutenant General Vinesh Moonoo told Reuters. A 32-year veteran of the force, he added: "It will not affect the court proceedings."

Charges against Warrant Office Botha over the taxi minibus shooting had been dropped but the National Prosecuting Authority told Reuters they were reinstated on February 4 - 10 days before Pistorius shot girlfriend Reeva Steenkamp in his Pretoria home.

"The decision to reinstate was taken on February 4, way before the issue of Pistorius came to light or the murder of Reeva was committed," NPA spokesman Medupe Simasiku told Reuters. "It's completely unrelated to this trial."

It is not clear whether the dismissal of Botha would affect the athlete's chances of securing release from custody pending his trial. After a fourth day of bail hearings, the judge said the court would sit again on the matter on Friday.

At the time of the shooting in 2011, Botha was chasing a man accused of murdering a woman and disposing of her dismembered body down a drain, local media said.

Pistorius, who was born without bones in his lower legs and runs on carbon-fiber racing blades, faces life in prison if convicted of the premeditated murder of Steenkamp in the early hours of Valentine's Day. He denies murder and his lawyers say he opened fire with a pistol at what he thought was a burglar.

Sportswear giant Nike froze its endorsement contract with Pistorius on Thursday saying the athlete should be "afforded due process".

Other companies with sponsorship deals, including British telecoms firm BT, U.S. sunglasses maker Oakley and French designer Thierry Mugler, have declined to comment on their contracts while the bail hearing is continuing.

POLICE UNDER PRESSURE

The revelations about Botha capped a troubling 24 hours for South Africa's prosecution service.

Under cross-examination at the hearing on Wednesday, the detective was accused of contaminating the crime scene in Pistorius's house and backtracked on details like the distance of witnesses from the home when they heard shouts and shots.

Grilled by lead defense counsel Barry Roux, he also had to concede that Pistorius's version of events - that he fired into the toilet door in a blind panic thinking an intruder was lurking behind it - was plausible.

"The poor quality of evidence presented by the chief investigating officer exposed disastrous shortcomings in the state's case." Roux said in arguing for Pistorius's release.

The 26-year-old runner denies murder and was more composed in court after repeatedly breaking down in previous hearings.

His uncle, Arnold Pistorius, said his nephew was eating again after consuming nothing for six days and had spent much of his time in police custody reading the Bible.

A trial is likely to take many months to prepare, and even if he is acquitted, Pistorius faces a huge challenge to rebuild his career and image in the eyes of the millions around the world who saw him as the epitome of triumph over adversity.

At the close of Thursday's arguments, prosecutor Gerrie Nel tried to recapture the initiative, reminding the court of the seriousness of the premeditated murder charges facing Pistorius.

"His actions are indicative of a man who was willing and ready to kill," Nel said. "There were two people in the house.

"One survived to give his version."

SOUTH AFRICA AGOG

The proceedings have gripped South Africans, who have found themselves debating the finer points of police forensics and the ins and outs of the criminal justice process.

As public opinion has swayed back and forth, schoolchildren have come to blows in playgrounds over the athlete's innocence or guilt, and on Thursday "Hilton Botha" was a top-trending topic on Twitter in South Africa.

"We talk about the case every day. It's all over the news. You can't ignore it," said Happy Ngwenya, a taxi driver waiting for rides in Johannesburg's Sandton financial district.

"He must face his music but the thing is, here in South Africa, criminals have so many rights."

With huge international media interest in the case against a global celebrity, many South Africans feel that apparent initial slip-ups by the police are hurting the country's image.

"Bring someone from outside to sort out this mess," said businessman Godfrey Baloyi. "The whole justice system needs an overhaul."

(Additional reporting by Olivia Kumwenda, Ed Cropley and Keith Weir; Writing by Ed Cropley; Editing by Alastair Macdonald)

3 killed in shooting, crash on Las Vegas strip - CNN

Posted: 21 Feb 2013 09:03 AM PST

A burned tax and another vehicle involved in a shooting and collision sit on the Las Vegas Strip on Thursday.
A burned tax and another vehicle involved in a shooting and collision sit on the Las Vegas Strip on Thursday.
STORY HIGHLIGHTS
  • NEW: Casino visitor to KLAS: I "could see the fireball" out my window
  • A gunman in an SUV shoots at a car on the Las Vegas strip, causing a multivehicle crash
  • The shooting and crash, at Las Vegas Boulevard and Flamingo Road, killed three people
  • Police are looking for a black Range Rover Sport with large black rims

(CNN) -- Three people were killed and at least three others injured in a shooting and fiery six-vehicle crash along the Las Vegas Strip in Nevada early Thursday, police said.

The incident began about 4:20 a.m. when someone in an SUV -- stopped at a stoplight on Las Vegas Boulevard near Caesars Palace and a number of other casinos -- fired into a Maserati that also had stopped at the light, Las Vegas police said.

The Maserati moved into the intersection with Flamingo Road and collided with a taxicab, starting a chain of crashes that involved four other vehicles, police said.

Fire swept through the cab, where the driver and a passenger were trapped. The cab's two occupants and the Maserati's driver died, Las Vegas police spokesman Jose Hernandez said.

A passenger in the Maserati suffered gunshot wounds and was being treated at a hospital, police said. At least two other people in the other crashed vehicles suffered light to moderate injuries, they said.

John Lamb, who was inside Caesars Palace, told CNN affiliate KLAS he heard the commotion and saw the cab on fire from a window.

"There was a loud bang and I hear two other booms. I looked out my window at Caesars Palace ... and could see the fireball," he told KLAS.

Police are looking for the occupants of the SUV, described as a black Range Rover Sport with large black rims.

Hernandez said he didn't have information on what led to the shooting.

CNN's Carol Costello and Jason Hanna contributed to this report.

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