S'pore retail investors optimistic about outlook: survey






SINGAPORE: Singapore retail investors are optimistic about their investment outlook for the next six months, according to a survey released on Wednesday by J P Morgan Asset Management.

According to the report, the J P Morgan Investor Confidence Index increased by 5 points to 106 in the latest survey, conducted between November 21 to December 7 2012.

This is a marked increase from one year ago, where the index was 86.

The increased confidence was boosted by expectations of an improved global economic environment, with 42 per cent of respondents indicating that they are likely to increase their investments in the next six months.

"The latest results demonstrate that Singapore investor confidence continues to improve," said Mr Andrew Creber, Head of Singapore Business, J P Morgan Asset Management.

"This is no doubt influenced by the progress we have seen over the past six months, where the risk of a financial meltdown in Europe was largely reduced. The Chinese economy is steadily recovering. In the US, despite the ongoing political tug-of-war over public finance, the restoration of household balance sheets and an improvement in the housing market is taking place," he added.

Confidence is also returning to affluent investors.

Investors with investable assets of S$500,000 and above were markedly more optimistic than investors with less investable assets, hitting a confidence level of 119, an increase of 17 points from June 2012.

Meanwhile, mutual fund investors have shown an increasing preference for multi asset/balanced funds, with those surveyed increasing their weighted allocation up by 7 per cent to 47 per cent for their mutual fund portfolio.

"It is important for investors to remain diversified to maintain stability in their portfolios," said Mr Creber.

The J P Morgan Investor Confidence Index is derived from a scoring of investor responses to a series of questions on their outlook for the Straits Times Index (STI), local and global economic and investment environments, and appreciation in their investment portfolio.

An index level of 100 is neutral, while 200 is extremely optimistic while zero is extremely pessimistic.

- CNA/xq



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Assam: 3 killed, 2 injured in explosion in Digboi

GUWAHATI: Three children were killed and several others injured in an explosion near a primary school in upper Assam's Tinsukia district on Wednesday.

The cause of the explosion, which took place at Kharjan pool area of Digboi town in the evening, is yet to be ascertained, police said.

Army and police personnel have rushed to the spot and the area has been cordoned off.

The injured children have been sent to hospitals. Police have not ruled out the involvement of some militant outfits in the explosion and investigation into the incident is on.

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Report: Death rates from cancer still inching down


WASHINGTON (AP) — Death rates from cancer are continuing to inch down, researchers reported Monday.


Now the question is how to hold onto those gains, and do even better, even as the population gets older and fatter, both risks for developing cancer.


"There has been clear progress," said Dr. Otis Brawley of the American Cancer Society, which compiled the annual cancer report with government and cancer advocacy groups.


But bad diets, lack of physical activity and obesity together wield "incredible forces against this decline in mortality," Brawley said. He warned that over the next decade, that trio could surpass tobacco as the leading cause of cancer in the U.S.


Overall, deaths from cancer began slowly dropping in the 1990s, and Monday's report shows the trend holding. Among men, cancer death rates dropped by 1.8 percent a year between 2000 and 2009, and by 1.4 percent a year among women. The drops are thanks mostly to gains against some of the leading types — lung, colorectal, breast and prostate cancers — because of treatment advances and better screening.


The news isn't all good. Deaths still are rising for certain cancer types including liver, pancreatic and, among men, melanoma, the most serious kind of skin cancer.


Preventing cancer is better than treating it, but when it comes to new cases of cancer, the picture is more complicated.


Cancer incidence is dropping slightly among men, by just over half a percent a year, said the report published by the Journal of the National Cancer Institute. Prostate, lung and colorectal cancers all saw declines.


But for women, earlier drops have leveled off, the report found. That may be due in part to breast cancer. There were decreases in new breast cancer cases about a decade ago, as many women quit using hormone therapy after menopause. Since then, overall breast cancer incidence has plateaued, and rates have increased among black women.


Another problem area: Oral and anal cancers caused by HPV, the sexually transmitted human papillomavirus, are on the rise among both genders. HPV is better known for causing cervical cancer, and a protective vaccine is available. Government figures show just 32 percent of teen girls have received all three doses, fewer than in Canada, Britain and Australia. The vaccine was recommended for U.S. boys about a year ago.


Among children, overall cancer death rates are dropping by 1.8 percent a year, but incidence is continuing to increase by just over half a percent a year. Brawley said it's not clear why.


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Dead Lotto Winner's Wife Seeks 'Truth'













The wife of a $1 million Chicago lottery winner who died of cyanide poisoning told ABC News that she was shocked to learn the true cause of his death and is cooperating with an ongoing homicide investigation.


"I want the truth to come out in the investigation, the sooner the better," said Shabana Ansari, 32, the wife of Urooj Khan, 46. "Who could be that person who hurt him?


"It has been incredibly hard time," she added. "We went from being the happiest the day we got the check. It was the best sleep I've had. And then the next day, everything was gone."


Ansari, Khan's second wife, told the Chicago Sun-Times that she prepared what would be her husband's last meal the night before Khan died unexpectedly on July 20. It was a traditional beef-curry dinner attended by the married couple and their family, including Khan's 17-year-old daughter from a prior marriage, Jasmeen, and Ansari's father. Not feeling well, Khan retired early, Ansari told the paper, falling asleep in a chair, waking up in agony, then collapsing in the middle of the night. She called 911.


Khan, an immigrant from India who owned three dry-cleaning businesses in Chicago, won $1 million in a scratch-off Illinois Lottery game in June and said he planned to use the money to pay off his bills and mortgage, and make a contribution to St. Jude Children's Research Center.


"Him winning the lottery was just his luck," Ansari told ABC News. "He had already worked hard to be a millionaire before it."






Illinois Lottery/AP Photo











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Jimmy Goreel, who worked at the 7-Eleven store where Khan bought the winning ticket, described him to The Associated Press as a "regular customer ... very friendly, good sense of humor, working type of guy."


In Photos: Biggest Lotto Jackpot Winners


Khan's unexpected death the month after his lottery win raised the suspicions of the Cook County medical examiner. There were no signs of foul play or trauma so the death initially was attributed to arteriosclerotic cardiovascular disease, which covers heart attacks, stroke or ruptured aneurysms. The medical examiner based the conclusion on an external exam -- not an autopsy -- and toxicology reports that indicated no presence of drugs or carbon monoxide.


Khan was buried at Rosehill Cemetery in Chicago.


However, several days after a death certificate was issued, a family member requested that the medical examiner's office look further into Khan's death, Cook County Medical Examiner Stephen Cina said. The office did so by retesting fluid samples that had been taken from Khan's body, including tests for cyanide and strychnine.


When the final toxicology results came back in late November, they showed a lethal level of cyanide, which led to the homicide investigation, Cina said. His office planned to exhume Khan's body within the next two weeks as part of the investigation.


Melissa Stratton, a spokeswoman for the Chicago Police Department, confirmed it has been working closely with the medical examiner's office. The police have not said whether or not they believe Khan's lottery winnings played a part in the homicide.


Khan had elected to receive the lump sum payout of $425,000, but had not yet received it when he died, Ansari told the AP, adding that the winnings now are tied up as a probate matter.


"I am cooperating with the investigation," Ansari told ABC News. "I want the truth to come out."


Authorities also have not revealed the identity of the relative who suggested the deeper look into Khan's death. Ansari said it was not her, though she told the AP she has subsequently spoken with investigators.


"This is been a shock for me," she told ABC News. "This has been an utter shock for me, and my husband was such a goodhearted person who would do anything for anyone. Who would do something like this to him?


"We were married 12 years [and] he treated me like a princess," she said. "He showered his love on me and now it's gone."



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Japan PM orders stronger surveillance near disputed isles


TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe ordered his defense minister on Tuesday to strengthen surveillance around islands at the heart of a territorial feud with China, Kyodo news agency reported.


Deputy Foreign Minister Akitaka Saiki summoned the Chinese ambassador earlier in the day to protest against an "incursion" by four Chinese maritime surveillance ships near the islands, officials said.


"I want you to respond firmly," Kyodo quoted Abe as telling Defence Minister Itsunori Onodera.


The ships entered the area around noon on Monday and left in the early hours of Tuesday, the officials said.


China's State Oceanic Administration confirmed four Chinese marine surveillance ships were patrolling waters near the islands.


But China routinely maintains such ships are in Chinese waters and a Chinese official accused Japan of intrusion.


"Japan has continued to ignore our warnings that their vessels and aircraft have infringed our sovereignty," the Communist Party chief of China's marine surveillance corps, Sun Shuxian, said in an interview posted on the Oceanic Administration's website.


"This behavior may result in the further escalation of the situation at sea and has prompted China to pay great attention and vigilance," Sun was quoted as saying.


Sino-Japanese ties chilled after the Japanese government bought the disputed islands, known as the Senkaku in Japan and Diaoyu in China, from a private Japanese owner last September.


Japan's Defence Ministry has scrambled F-15 fighter jets several times in recent weeks to intercept Chinese marine surveillance planes approaching the islands.


The hawkish Abe, whose conservative Liberal Democratic Party (LDP) returned to power in a landslide election victory last month, has vowed a tough stance in the territorial feud.


(Reporting by Kiyoshi Takenaka, Hitoshi Ishida and Linda Sieg; Editing by Nick Macfie)



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Police fire plastic bullets in Northern Ireland riots






BELFAST, United Kingdom: Police in Northern Ireland fired plastic bullets and water cannon at protesters in the capital Belfast late Monday after coming under a hail of petrol bombs, bricks and stones for a fifth night.

Rioters in the east of the city used weapons including hatchets and sledge hammers to attack police and their vehicles, the Police Service of Northern Ireland (PSNI) said.

Pro-British protesters have taken to the streets of Belfast almost every night since December 3, when the city council announced that it would no longer fly the British flag all year round at the City Hall.

The decision sparked riots at the start of December which gave way to largely peaceful protests, but the violence has flared again since the start of the new year.

Britain's Northern Ireland minister Theresa Villiers said the province was being "held to ransom" by the protesters and called for an end to their demonstrations, including peaceful rallies that have blocked traffic for weeks.

"It's not acceptable that those who say they are defending a Union flag are actually doing it by hurling bricks and petrol bombs at police. It's disgraceful, frankly," she told BBC radio.

She added that the protests were doing "huge damage to Northern Ireland's image abroad".

The flag ruling has raised tensions in the British province between loyalists - who want to maintain the links to Britain and are mostly Protestant - and largely Catholic republicans who want a united Ireland.

Northern Ireland's chief police officer Matt Baggott on Monday accused the paramilitary Ulster Volunteer Force, which murdered more than 500 people during the province's 30-year sectarian conflict, of whipping up the disorder.

"Senior members of the UVF in east Belfast as individuals have been increasingly orchestrating some of this violence," he told a press conference.

"That is utterly unacceptable and is being done for their own selfish motives."

On Monday, police battled to separate a crowd of around 250 loyalists from some 70 Catholic republicans, who hurled missiles including bottles at the protesters.

Around 1,000 loyalists had earlier staged a peaceful demonstration outside the City Hall as councillors held their first meeting since their decision to take the flag down.

More than 60 police officers have been injured and over 100 people arrested since the disorder began at the start of December.

The PSNI said four people had been charged in connection with Monday night's disorder and were due to appear in court on Tuesday.

Politicians from both sides have received death threats in recent weeks, but lawmakers from all major parties have insisted that the spate of violence does not pose a serious threat to Northern Ireland's peace process.

Some 3,000 people were killed in the three decades of sectarian bombings and shootings in Northern Ireland known as "The Troubles".

A 1988 peace agreement brought an end to most of the violence and led to the creation of a power-sharing government between Protestants and Catholics, but sporadic bomb threats and murders by dissident republicans continue.

Loyalists see the council's decision to remove the flag for most of the year as an attack on their British identity and an unacceptable concession to republicans.

The flag will only be flown on a maximum of 17 designated days including the birthdays of members of the British royal family -- the first of which falls on Wednesday with the birthday of Prince William's wife Catherine.

Across the border in the Republic of Ireland, police are assessing the risk posed by a planned loyalist protest against the flag ruling in Dublin on Saturday.

The last major loyalist demonstration in the Irish capital sparked rioting and looting in 2006.

- AFP/de



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Pak army violates ceasefire again, kills two Indian soldiers along LoC in Poonch

JAMMU: Two Army jawans were killed by Pakistani troops in an attack on a patrol party along the Line of Control (LoC) in Poonch district of Jammu and Kashmir on Tuesday.

During patrolling along Mankote in Poonch along the LoC, a patrol party was attacked by Pakistani troops, Army officials said.

Two jawans were killed and another was injured, they said, adding that further details were awaited.

There has been escalation in ceasefire violations by Pakistan army, which has been attempting to push militants across the LoC into Indian side by taking advantage of inclement weather.

In last about one month, Pakistan army has violated the ceasefire agreement nearly a dozen times. Most of these firing incidents were in Rajouri, Uri and Keran sector to help infiltration attempts, Army officials said.

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Report: Death rates from cancer still inching down


WASHINGTON (AP) — Death rates from cancer are continuing to inch down, researchers reported Monday.


Now the question is how to hold onto those gains, and do even better, even as the population gets older and fatter, both risks for developing cancer.


"There has been clear progress," said Dr. Otis Brawley of the American Cancer Society, which compiled the annual cancer report with government and cancer advocacy groups.


But bad diets, lack of physical activity and obesity together wield "incredible forces against this decline in mortality," Brawley said. He warned that over the next decade, that trio could surpass tobacco as the leading cause of cancer in the U.S.


Overall, deaths from cancer began slowly dropping in the 1990s, and Monday's report shows the trend holding. Among men, cancer death rates dropped by 1.8 percent a year between 2000 and 2009, and by 1.4 percent a year among women. The drops are thanks mostly to gains against some of the leading types — lung, colorectal, breast and prostate cancers — because of treatment advances and better screening.


The news isn't all good. Deaths still are rising for certain cancer types including liver, pancreatic and, among men, melanoma, the most serious kind of skin cancer.


Preventing cancer is better than treating it, but when it comes to new cases of cancer, the picture is more complicated.


Cancer incidence is dropping slightly among men, by just over half a percent a year, said the report published by the Journal of the National Cancer Institute. Prostate, lung and colorectal cancers all saw declines.


But for women, earlier drops have leveled off, the report found. That may be due in part to breast cancer. There were decreases in new breast cancer cases about a decade ago, as many women quit using hormone therapy after menopause. Since then, overall breast cancer incidence has plateaued, and rates have increased among black women.


Another problem area: Oral and anal cancers caused by HPV, the sexually transmitted human papillomavirus, are on the rise among both genders. HPV is better known for causing cervical cancer, and a protective vaccine is available. Government figures show just 32 percent of teen girls have received all three doses, fewer than in Canada, Britain and Australia. The vaccine was recommended for U.S. boys about a year ago.


Among children, overall cancer death rates are dropping by 1.8 percent a year, but incidence is continuing to increase by just over half a percent a year. Brawley said it's not clear why.


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Giffords, Kelly Launch Initiative to Curb Gun Violence













After she was gravely wounded by gunfire two years ago in Tucson, Ariz., former Rep. Gabrielle Giffords and her husband, Mark Kelly, imagined a life out of the public eye, where she would continue therapy surrounded by the friends, family and the Arizona desert she loves so much.


Gabby Giffords and Mark Kelly Speak Exclusively to Diane Sawyer


But after the slaughter of 20 first-graders and six adults at Sandy Hook Elementary School in Newtown, Conn., last month, Giffords and Kelly knew they couldn't stay silent.


"Enough," Giffords said.


The couple marked the second anniversary of the Tucson shooting by sitting down with Diane Sawyer to discuss their recent visit to Newtown and their new initiative to curb gun violence, "Americans for Responsible Solutions."


"After the shooting in Tucson, there was talk about addressing some of these issues, [and] again after [a movie theater massacre in] Aurora," Colo., Kelly said. "I'm hopeful that this time is different, and I think it is. Twenty first-graders' being murdered in their classrooms is a very personal thing for everybody."








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During their trip to Newtown, Giffords and Kelly met with families directly affected by the tragedy.


"[The] first couple that we spoke to, the dad took out his cell phone and showed us a picture of his daughter and I just about lost it, just by looking at the picture," Kelly said. "It was just very tough and it brought back a lot of memories about what that was like for us some two years ago."


Full Coverage: Tragedy in Newtown


"Strength," Giffords said she told the families in Newtown.


"Gabby often told them, 'You got to have strength. You got to fight for something,'" Kelly said.


The innocent faces of the children whose lives were abruptly taken reminded the couple, they said, of 9-year-old Christina-Taylor Green, the youngest victim to die in the Tucson shooting at a Giffords constituent event.


"I think we all need to try to do something about [gun violence]," Kelly said. "It's obvious to everybody we have a problem. And problems can be solved."


Giffords, Kelly Call for 'Common Sense' Solutions


Giffords, 42, and Kelly, 48, are both gun owners and supporters of the 2nd Amendment, but Kelly had strong words for the National Rifle Association after the group suggested the only way to stop gun violence is to have a "good guy with a gun."


There was a good guy with a gun, Kelly said, the day Jared Loughner shot Giffords and 18 other people, six fatally, at her "Congress on Your Corner" event.


"[A man came out] of the store next door and nearly shot the man who took down Jared Loughner," Kelly said. "The one who eventually wrestled [Loughner] to the ground was almost killed himself by a good guy with a gun, so I don't really buy that argument."


Instead, Giffords and Kelly are proposing "common sense" changes through "Americans for Responsible Solutions."






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Five accused of rape in India appear in court for charges


NEW DELHI (Reuters) - Five men accused of the rape and murder of an Indian student appeared in court on Monday to hear charges against them after two of them offered evidence possibly in return for a lighter sentence in the case that has provoked widespread anger.


The five men, along with a teenager, are accused of raping the 23-year-old physiotherapy student after she boarded their bus on the way home from a movie in New Delhi on December 16. She died two weeks later in a Singapore hospital.


The attack on the student has ignited protests against the government and anger towards the police for their perceived failure to protect women. It has also provoked a rare national debate about rising violence against women.


A police guard said the men had their faces covered when they entered the courtroom, which had been closed to the public minutes earlier.


The five had already been charged with murder, rape and abduction along with other offences and the magistrate gave them copies of the charges, a prosecutor in the case told Reuters.


The court has yet to assign them defense lawyers or legal aid, said public prosecutor Rajiv Mohan. Most lawyers are unwilling to defend them because of the brutality of the crime.


Reuters video images showed the men stepping out of a blue police van that brought them from Tihar jail, and walking through a metal detector into the South Delhi court, across the street from the cinema where the victim watched a film before boarding the bus with a male friend on December 16.


Following shouting and angry scenes in the packed court, the magistrate, Namrita Aggarwal, closed the hearing to the media and the public. The court was cleared and police were posted at its doors before the accused were brought in.


"Keeping in view the sensitivity of this case that has risen, the proceedings including the inquiry and trial are to be held in camera," Aggarwal said, before ordering people not connected with the case out of the courtroom.


Aggarwal said the next hearing would be on January 10. She did not say when the case would go to trial in a separate, fast-track court, set up after the attack on the woman.


Two of the accused, Vinay Sharma and Pawan Gupta, moved an application on Saturday requesting they be made "approvers", or informers, against the other accused, Mukesh Kumar, Ram Singh and Akshay Thakura, prosecutor Mohan said.


Mohan said he was seeking the death sentence given the "heinous" crime.


"The five accused persons deserve not less than the death penalty," he said, echoing public sentiment and calls from the victim's family.


Most members of the bar association in Saket district, where the case is being heard, have vowed not to represent the accused.


GROUNDS FOR APPEAL?


But on Monday, lawyers Manohar Lal Sharma and V. K. Anand stood up to offer representation to the men. They were heckled by other lawyers who said the accused did not deserve representation.


"We are living in a modern society. We all are educated. Every accused, including those in brutal offences like this, has the legal right to represent his or her case to defend themselves," Lal Sharma said.


The court asked Anand to get the approval of the accused to represent them. If the men, most of them from a slum neighborhood, cannot arrange their own lawyers, the court will offer them legal aid before the trial begins.


Police have conducted extensive interrogations and say they have recorded confessions, even though the five have no lawyers.


Legal experts say their lack of representation could give grounds for appeal should they be found guilty. Similar cases have resulted in acquittals years after convictions.


Last week, chief justice Altamas Kabir inaugurated six fast-track courts to help reduce a backlog of sex crime cases in Delhi.


But some legal experts have warned that previous attempts to fast-track justice in India in some cases led to imperfect convictions that were later challenged.


The sixth member of the gang that lured the student and a male friend into the private bus is under 18 and will be tried in a separate juvenile court.


The government is aiming to lower the age teenagers can be tried as an adult, given widespread public anger that the boy will face a maximum three-year sentence.


The victim, who died on December 29 in hospital in Singapore, where she had been taken for treatment, was identified by a British newspaper on the weekend but Reuters has opted not to name her.


Indian law generally prohibits the identification of victims of sex crimes. The law is intended to protect victims' privacy and keep them from the media glare in a country where the social stigma associated with rape can be devastating.


But her father repeated on Monday his wish that she be identified and said he would be happy to release a photograph of her.


"We don't want to hide her identity, there is no reason for that. The only condition is it should not be misused," he told Reuters.


He said he was confident the trial would be quick and reiterated a call that those responsible be hanged.


(Writing by Frank Jack Daniel; Editing by Robert Birsel)



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