CapitaMalls Asia Q4 net profit dips 10% on-year

SINGAPORE: Shopping mall developer and operator CapitaMalls Asia announced on Thursday a 10 per cent on-year decline in its fourth-quarter net profit.

The company attributed the drop mainly to lower fair value gains from investment properties in China and Singapore, as well as impairment losses in India and higher finance costs.

Net profit for the quarter fell to S$184.8 million from S$205.4 million a year ago.

Revenue for Q4 rose 71.4 per cent to S$113.6 million from S$66.3 million the year before.

The company cited its acquisition of Olinas Mall in Tokyo, additional stakes in three malls in Japan and higher management fees for its revenue increase.

In addition, CapitaMalls posted a record profit of S$546 million for 2012 -- a 19.7 per cent jump from the S$456 million booked the year before.

The developer said more than 50 per cent of its malls in China started operations in 2012.

Besides opening seven malls in China, the company also opened two new malls in Singapore -- The Star Vista and JCube. It also enhanced existing properties like Bugis+ and The Atrium@Orchard.

The CEO of CapitaMalls Asia, Lim Beng Chee, said the firm will focus on opening five new malls in 2013 -- two in China, two in Singapore, and one in India.

He expects the company's key markets in Singapore, China and Malaysia to continue to grow this year, with robust growth in China.

"If you look at China, I think the growth is going to be strong, particularly because our business is focused on what we call 'middle-class shopping'... So mostly everyone can come to our mall to enjoy a meal (or) go to the supermarket... I think this is going to be very positive," said Mr Lim

The company has a pan-Asian portfolio of 102 shopping malls across 52 cities in five countries -- Singapore, China, Malaysia, Japan and India.

CapitaMalls stocks closed down more than 4 per cent at S$2.08 a share on Thursday on the Singapore Exchange.

- CNA/jc

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Those who threatened Kashmiri all-girl band won't be spared: Omar Abdullah

AJMER: Government will not spare those who issued threats to Kashmiri girl band, Jammu and Kashmir chief minister Omar Abdulhah today said, but maintained there was no need for legal action against the grand mufti who issued fatwa terming singing as un-Islamic.

Abdullah, during a visit to dargah of Sufi saint Khawaja Moinuddin Chisiti here, expressed happiness over the arrests made in connection to the online abuse and threats to the all-girl rock band 'Pragaash' and said more arrests were likely.

He said some of those who had issued threats had left the valley and police were trying to nab them.

Referring to grand mufti Bashiruddin Ahmad, through a decree, terming singing as "un-Islamic" and asking the girl band to abandon it, Omar said there was no need to take legal action against him as he has not violated any law.

Omar had earlier posted on the micro-blogging site Twitter that he was glad that the police in Kashmir has identified and arrested those who had issued online threats.

"I'm told more arrests possible," he tweeted.

Three persons have been arrested from Ganderbal, Anantnag and Srinagar districts in J&K for posting threatening and abusive messages on the Facebook page of 'Pragaash'.

Police have started tracking down the internet protocol addresses of the 26 users whose comments, out of the total 900 posts on the band's Facebook page, were found abusive, officials said.

A case has been registered against them under Section 66A of IT Act and Section 506 RPC (criminal intimidation).

The band, consisting of base guitarist Aneeqa Khalid, singer Noma Nazir and drummer Farah Deeba, decided to call it quits in view of the grand mufti's decree.

The group had been the target of an online hate campaign ever since it won a "Battle of the Bands" contest in December.

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New whooping cough strain in US raises questions

NEW YORK (AP) — Researchers have discovered the first U.S. cases of whooping cough caused by a germ that may be resistant to the vaccine.

Health officials are looking into whether cases like the dozen found in Philadelphia might be one reason the nation just had its worst year for whooping cough in six decades. The new bug was previously reported in Japan, France and Finland.

"It's quite intriguing. It's the first time we've seen this here," said Dr. Tom Clark of the Centers for Disease Control and Prevention.

The U.S. cases are detailed in a brief report from the CDC and other researchers in Thursday's New England Journal of Medicine.

Whooping cough is a highly contagious disease that can strike people of any age but is most dangerous to children. It was once common, but cases in the U.S. dropped after a vaccine was introduced in the 1940s.

An increase in illnesses in recent years has been partially blamed on a version of the vaccine used since the 1990s, which doesn't last as long. Last year, the CDC received reports of 41,880 cases, according to a preliminary count. That included 18 deaths.

The new study suggests that the new whooping cough strain may be why more people have been getting sick. Experts don't think it's more deadly, but the shots may not work as well against it.

In a small, soon-to-be published study, French researchers found the vaccine seemed to lower the risk of severe disease from the new strain in infants. But it didn't prevent illness completely, said Nicole Guiso of the Pasteur Institute, one of the researchers.

The new germ was first identified in France, where more extensive testing is routinely done for whooping cough. The strain now accounts for 14 percent of cases there, Guiso said.

In the United States, doctors usually rely on a rapid test to help make a diagnosis. The extra lab work isn't done often enough to give health officials a good idea how common the new type is here, experts said.

"We definitely need some more information about this before we can draw any conclusions," the CDC's Clark said.

The U.S. cases were found in the past two years in patients at St. Christopher's Hospital for Children in Philadelphia. One of the study's researchers works for a subsidiary of Johnson & Johnson, which makes a version of the old whooping cough vaccine that is sold in other countries.

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JournaL: http://www.nejm.org

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Ex-Cop Sought in Killings Tied to Victim's Father

Police in Southern California say they suspect that a fired cop is behind the shooting death of an assistant woman's basketball coach at Cal State-Fullerton and her fiancé over the weekend in an act of revenge against the LAPD.

Former police officer Christopher Jordan Dorner, 33, who's a U.S. Navy reservist, has been publically named as a suspect in the killings of Monica Quan, 28, and her 27-year-old fiancé, Keith Lawrence, Irvine police Chief David L. Maggard said at a news conference Wednesday night.

Dorner is still being sought.

Lawrence was found slumped behind the wheel of his white Kia in the parking lot of their upscale apartment complex Sunday and Quan was in the passenger seat.

"A particular interest at this point in the investigation is a multi-page manifesto in which the suspect has implicated himself in the slayings," Maggard said.

Police said Dorner's manifesto included threats against members of the LAPD. Police say they are taking extra measures to ensure the safety of officers and their families.

The document, allegedly posted on an Internet message board this week, blames Quan's father, retired LAPD Capt. Randy Quan, for his firing from the department.

AP Photo/Irvine Police Department via The Orange County Register

One passage from the manifesto reads, "I will bring unconventional and asymmetrical warfare to those in LAPD uniform whether on or off duty."

"I never had the opportunity to have a family of my own," Dorner allegedly writes. "I'm terminating yours."

Dorner was with the department from 2005 until 2008, when he was fired for making false statements.

Randy Quan, who became a lawyer in retirement, represented Dorner in front of the Board of Rights, a tribunal that ruled against Dorner at the time of his dismissal, LAPD Capt. William Hayes told The Associated Press Wednesday night.

According to documents from a court of appeals hearing in October 2011, Dorner was fired from the LAPD after he made a complaint against his field-training officer, Sgt. Teresa Evans, saying in the course of an arrest she had kicked a suspect who was a schizophrenic with severe dementia.

After an investigation, Dorner was fired for making false statements.

"We have strong cause to believe Dorner is armed and dangerous," Maggard said.

Police say Dorner is 6-feet tall, and weighs 270 pounds. He has black hair and brown eyes.

Meanwhile, Cal State Fullerton is still mourning the loss of their beloved assistant coach.

"There are really no words to convey the sadness that our program feels, that the young women who have had the privilege of working with such a bright and passionate woman," head coach Marcia Foster said earlier this week. "I want to especially send out condolences to Randal and Sylvia Quan, and her brother Ryan."

After college, Quan coached at Lutheran University in Thousand Oaks and has spent the past two years as an assistant coach at Cal State-Fullerton. The university has posted a memorial page on its sports website dedicated to Quan.

Lawrence was a business graduate who recently started working as a public-safety officer at USC.

The Associated Press contributed to this report.

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Tunisian opposition politician shot dead, protests erupt

Tunis (Reuters) - A Tunisian opposition politician was shot dead on Wednesday, sending thousands of protesters onto the streets of the capital and in Sidi Bouzid, the epicenter of uprisings that swept the Arab world and Tunisia's president from power.

Prime Minister Hamadi Jebali, who said the identity of the attacker was not known, condemned the killing of Shokri Belaid outside his Tunis home as a political assassination and a strike against the "Arab Spring" revolution.

Tension has been growing between Islamists and secularists such as Belaid, who was a staunch opponent of the moderate Islamist-led government elected in October 2011.

As news of the killing spread, more than 1,000 protesters gathered outside the Interior Ministry, many calling for the fall of the government elected after their uprising chased out veteran ruler Zine al-Abidine Ben Ali in January 2011.

Protesters also took to the streets in Sidi Bouzid, where jobless university graduate Mohamed Bouazizi set himself on fire in despair after police confiscated his unlicensed fruit cart, triggering protests that toppled the president.

"More than 4,000 are protesting now, burning wheels and throwing stones at the police", Mehdi Horchani a resident from Sidi Bouzid, told Reuters. "There is a great anger."

Tunisia was the first Arab country to oust its leader and hold free elections as uprisings spread around the region two years ago, leading to the ousting of the rulers of Egypt, Yemen and Libya and the civil war in Syria.

Since the revolution the government has faced a string of protests over economic hardship and Tunisia's future path, with many complaining hardline Salafis were hijacking the revolution in a country dominated previously by a secular elite.

Declining trade with the crisis-hit euro zone has left Tunisians struggling to achieve the better living standards many had hoped for following Ben Ali's departure.

President Moncef Marzouki, who last month warned the tension may lead to "civil war", called for calm and cut short a trip to France as well as cancelling a visit to Egypt scheduled for Thursday after the killing.

"We will continue to fight the enemies of the revolution," he told lawmakers at the European Parliament in Strasbourg, to applause.

FRANCE WORRIED BY RISING VIOLENCE

Compounding the political unrest, Tunisia says al Qaeda-linked militants have been accumulating weapons with the aim of creating an Islamic state.

"The murder of Belaid is a political assassination and the assassination of the Tunisian revolution. By killing him they wanted to silence his voice," said Jebali, who heads the government led by the Ennahda party, which won Tunisia's first post-Arab Spring election.

Belaid, who died in hospital, was a leading member of the opposition Popular Front party. A lawyer and human rights activist he had been a constant critic of the government, accusing it of being a puppet of the rulers in Gulf Arab state of Qatar, which Tunisia denies.

"Shokri Belaid was killed today by four bullets to the head and chest ... doctors told us that he has died. This is a sad day for Tunisia," Ziad Lakhader, a leader of the Popular Front, told Reuters.

French President Francois Hollande condemned the shooting, saying he was concerned by the rise of violence in France's former colony.

"This murder deprives Tunisia of one of its most courageous and free voices," Hollande's office said in a statement.

"France is concerned by the mounting political violence in Tunisia and calls for the ideas cherished by the Tunisian people during their revolution to be respected."

TENSION OVER RULE

Marzouki warned last month that the conflict between Islamists and secularists could lead to civil war and called for a national dialogue that included all political shades.

The secular opposition has accused Ennahda of being too close to hardline Salafi groups, while Salafis who complain Ennahda is failing to defend Islamic values. Ennahda rejects the charges from both sides.

Ennahda party won 42 percent of seats in 2011 elections but formed a government in coalition with two secular parties, the president's Congress for the Republic and Ettakatol.

Marzouki's party threatened on Sunday to withdraw from the government unless it dropped two Islamist ministers.

The opposition threatened unspecified retribution for the killing, that Ennahda president Rached Gannouchi condemned as "aimed at the democratic process of democratic transition". ‮‮‮‮‮‮ ‬‬‬‬‬‬ "The opposition will take historic decisions in response to this cowardly act", Maya Jribi secretary-general of the secularist Republican Party.

(Writing by Alison Williams; Editing by Jon Boyle)

(This story was corrected to fix typo in the third paragraph)

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Thousands of Indonesian workers protest for better conditions

JAKARTA : In Indonesia, thousands of workers took to the streets in five major cities including the nation's capital Jakarta on Wednesday.

Those in Jakarta, who were mostly from the Federation of Metal Workers' Union, made several demands including having universal healthcare and their right to protest.

They are demanding that President Susilo Bambang Yudhoyono issue a presidential decree that would lead to universal health insurance for all Indonesians by 2019.

This health insurance programme has been approved and will start as of 2014 but the Presidential decree required has yet to be issued.

Said Iqbal, President, Federation of Indonesian Metal Workers' Union, said: "If a government regulation and Presidential decree, which was supposed to be issued last November, is not introduced then steps for universal healthcare cannot begin. That's why the government is obliged to introduce the necessary regulations by late February, which includes guaranteeing that employers pay for their workers' insurance premium fees and that the poor will be able to receive government's healthcare."

One of the other demands made is a guarantee for a pension fund for labour workers from 2015

The workers are also calling for the provincial government to raise the number of components in the reasonable cost index from around 60 to 80 components.

This index is used as a benchmark to determine minimum wage increases for next year.

The workers are also objecting to two bills on national security and social organisation being deliberated in Parliament

They claim that if these two bills are passed then it will curb their right to protest in the streets citing security reasons.

If their demands are not met, the next major rally will be on 26 February by the Indonesian Labour Workers Association, the biggest labour union in Indonesia.

The union has warned that if its demands are not met by the end of April, then there will be an all out labour rally across the nation on Labour Day, 1st May.

- CNA/ch

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Women don't feel safe in Delhi: Sheila

NEW DELHI: Women do not feel safe in Delhi, chief minister Sheila Dikshit admitted Wednesday.

"Women don't feel safe in Delhi. Fears have risen. I'm shocked to learn about the Lajpat Nagar attempted rape case. It's a big setback for us," she said referring to the rape bid on a 19-year-old woman Tuesday.

The Class IX student fought off the rape bid in her own house by an electricity contractor, who thrust an iron rod into her throat to quell her cries for help. The accused has been arrested.

However, the chief minister promised to do everything possible to provide safety to women.

"My government will do everything possible to provide a conducive atmosphere for the women in the city," Dikshit said.

But CPM leader Brinda Karat criticized Dikshit.

"It is clear that women in Delhi are insecure. The chief minister is speaking the truth. But it is surely not enough. What is her responsibility as chief minister?

"Women's security issues have become political football between central and state government. Chief minister blames Delhi Police; central government defends police. It's a shame."

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Iran's Ahmadinejad in Egypt on historic visit

CAIRO (Reuters) - Mahmoud Ahmadinejad arrived in Egypt on Tuesday on the first trip by an Iranian president since the 1979 revolution, underlining a thaw in relations since Egyptians elected an Islamist head of state.

President Mohamed Mursi, the Muslim Brotherhood politician elected in June, kissed Ahmadinejad as he disembarked from his plane at Cairo airport. The leaders walked down a red carpet, Ahmadinejad smiling as he shook hands with waiting dignitaries.

Visiting Cairo to attend an Islamic summit that begins on Wednesday, the president of the Shi'ite Islamist republic is due to meet later on Tuesday with the grand sheikh of al-Azhar, one of the oldest seats of learning in the Sunni world.

Such a visit would have been unthinkable during the rule of Hosni Mubarak, the military-backed autocrat who preserved Egypt's peace treaty with Israel during his 30 years in power and deepened ties between Cairo and the West.

"The political geography of the region will change if Iran and Egypt take a unified position on the Palestinian question," Ahmadinejad said in an interview with Al Mayadeen, a Beirut-based TV station, on the eve of his visit.

He said he wanted to visit the Gaza Strip, the Palestinian territory which neighbors Egypt to the east and is run by the Islamist movement Hamas. "If they allow it, I would go to Gaza to visit the people," Ahmadinejad said.

Analysts doubt that the historic changes that brought Mursi to power in Egypt will result in a full restoration of diplomatic ties between states whose relations were broken off after the Iranian revolution and the conclusion of Egypt's peace treaty with Israel in 1979.

OBSTACLES TO FULL TIES

At the airport the two leaders discussed ways of boosting relations between their countries and resolving the Syrian crisis "without resorting to military intervention", Egyptian state media reported.

Egypt is concerned by Iran's support for Syrian President Bashar al-Assad, who is trying to crush an uprising inspired by the revolt that swept Mubarak from power two years ago. Egypt's overwhelmingly Sunni Muslim population is broadly supportive of the uprising against Assad's Alawite-led administration.

The Mursi administration also wants to safeguard relations with Gulf Arab states that are supporting Cairo's battered state finances and are deeply suspicious of Iran.

Egyptian Foreign Minister Mohamed Kamel Amr reassured Gulf Arab allies that Egypt would not jeopardize their security.

"The security of the Gulf states is the security of Egypt," he told the official MENA news agency, in response to questions about Cairo's opening to Iran and its impact on other states in the region.

Mursi wants to preserve ties with the United States, the source of $1.3 billion in aid each year to the influential Egyptian military.

His government has established close ties with Hamas, a movement backed by Iran and shunned by the West because of its hostility to Israel, but its priority is addressing Egypt's deep economic problems.

"The restoration of full relations with Iran in this period is difficult, despite the warmth in ties ... because of many problems including the Syrian crisis and Cairo's links with the Gulf states, Israel and the United States," said one former Egyptian diplomat.

Speaking to Reuters on the sidelines of preparatory meetings for the two-day Islamic summit, Iranian Foreign Minister Ali Akbar Salehi said he was optimistic that ties could grow closer.

"We are gradually improving. We have to be a little bit patient. I'm very hopeful about the expansion of the bilateral relationship," he said. Asked where he saw room for closer ties, he said: "Trade and economics."

Ahmadinejad's visit to Egypt follows Mursi's visit to Iran in August for a summit of the Non-Aligned Movement.

Sheikh Ahmed al-Tayeb, head of the 1,000-year-old al-Azhar mosque and university, will meet Ahmadinejad at his offices in mediaeval Islamic Cairo, al-Azhar's media office said.

Salehi, the Iranian foreign Minister, stressed the importance of Muslim unity when he met Sheikh al-Tayeb at al-Azhar last month.

Egypt and Iran have taken opposite courses since the late 1970s. Egypt, under Mubarak's predecessor Anwar Sadat, concluded a peace treaty with Israel in 1979 and became a close ally of the United States and Europe. Iran from 1979 turned into a center of opposition to Western influence in the Middle East.

Symbolically, Iran named a street in Tehran after the Islamist who led the 1981 assassination of Sadat.

Egypt gave asylum and a state funeral to Iran's exiled Shah Reza Pahlavi, who was overthrown by the 1979 Iranian revolution. He is buried in a medieval Cairo mosque alongside his ex-brother-in-law, Egypt's last king, Farouk.

(Additional reporting by Ayman Samir and Alexander Diadosz; Editing by Andrew Roche and Paul Taylor)

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Ahmadinejad starts historic Egypt visit

CAIRO: Mahmoud Ahmadinejad arrived in Cairo on Tuesday, marking the first visit to Egypt by an Iranian president since Iran's 1979 Islamic revolution, Egyptian television footage showed.

Egypt's Islamist President Mohamed Morsi welcomed Ahmadinejad at Cairo airport as he disembarked from the plane, the footage showed.

Ahmadinejad, who is on a three-day visit, will attend an Organisation of Islamic Cooperation conference in Cairo and will hold talks with Egyptian officials, Iranian media said ahead of the trip.

Before leaving Tehran, Ahmadinejad told reporters that during his visit he would work towards strengthening bilateral ties with Cairo.

"I will try to pave the ground for developing cooperation between Iran and Egypt," Ahmadinejad was quoted as saying by Iran's official IRNA news agency.

Without elaborating, he said the visit would "definitely influence the bilateral ties" between Tehran and Cairo.

Tehran severed ties with Cairo in 1980 in protest at a peace agreement between Egypt and Israel by then Egyptian president Anwar Sadat.

But Egypt has responded cautiously to Iranian efforts to revive ties since Morsi took power in 2012, with the two nations adopting opposing positions on the Syrian conflict.

Iran supports the regime of Syrian President Bashar al-Assad, while Egypt has been a leading voice in urging his departure -- along with regional heavyweights Saudi Arabia, Turkey and Qatar.

"If Tehran and Cairo see more eye to eye on regional and international issues, many (issues) will change," IRNA quoted Ahmadinejad as saying.

- AFP/fa

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Police organize wedding of ex-Maoists

GADCHIROLI: For a change, police put aside their guns and batons and put up a grand wedding for two former Maoists who had surrendered, an official said here on Tuesday.

The wedding - with over 500 villagers, top police, security and civil officials in attendance - was performed with traditional pomp and decor at a private marriage hall here Monday, police spokesperson Dharmendra Joshi said.

"We organised the sumptuous wedding lunch, the 'mangalsutra' for the bride, the decorations, a wedding band and the traditional wedding gift of utensils to enable the newly-married couple set up their home," Joshi told IANS as the celebrations continued till the early hours of Tuesday.

He said the newly-married couple Santosh Kola, 24, and his bride Shanta Kudiyami, 23, were former Maoists from Nayanaguda and Yechali of Gadchiroli district.

After they surrendered, the duo said that they were in love and wanted to get married.

Santosh, a deputy commander of a Maoist outfit (Platoon 3), said in his post-surrender statement that marriages were not allowed in the extremist organisation and that men and women were made sterile.

Shanta was a member of the outfit Perimili Dalam.

The marriage preparations started a few days ago with many police and security personnel lending a helping hand to both families.

Security forces maintained a tight vigil to ward off any "unexpected guests" from the nearby forests, which are notorious for Maoist activities in Gadchiroli district.

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