Showing posts with label EZAM. Show all posts
Showing posts with label EZAM. Show all posts

Sunday, December 28, 2008

Re-inventing mobility

Re-inventing mobility



Car makers are designing a new vehicle for an era of sustainability as the industry braces for its worst crisis ever
by Reino Gevers

CAR factories from Detroit to Tokyo and Munich are grinding to a halt as the car industry faces its biggest shake-up in decades with millions of unsold, new cars standing idle in the parking lots of dealerships and storage depots.

But while analysts are asking themselves whether big names such as General Motors, Chrysler and Ford will survive the winter, engineers are looking at nothing less than re-inventing the car for a new era of sustainability.

Paradoxically, the crisis in the industry comes at a time when car makers are announcing almost weekly, new innovations in clean-drive technology and dealerships are offering special discounts. Cars have never been safer, more efficient and versatile.

But it is a Catch-22 situation. Buyers are postponing purchases of new cars in the hope of even cheaper deals in future and in the assumption that current, fuel-efficient models may not be as good as those on offer in 2010.

Do I keep my old petrol or diesel car until I can afford a cheaper hybrid or electric car?

That is a question car makers will have to answer.

Speaking at the recent Los Angeles Motor Show, Carlos Ghosn, CEO of Renault-Nissan, said: "We are reinventing mobility," and pointed out that by 2020, sales of electric clean-drive vehicles would increase to seven million units annually from the current level of a mere 50,000.

Once derided as a cumbersome technology for backyard freaks, electric power is fast becoming a real alternative to vehicles powered by fossil fuels.

BMW was the first major car maker to launch a fleet of 500 electric-powered Minis in Los Angeles which will be available initially only for lease.

The Mini E is driven by a 150kW/204hp electric engine, powered by lithium-ion batteries with a range of 250km on one electric charge.

The lithium-ion battery technology is expensive and takes time to set up the loading station infra-structure.

German car expert Prof Ferdinand Dudenhoeffer said the German car industry was at its worst since the 1973 oil crisis.

He has predicted that electric cars will become a mass phenomenon by 2015 with sales picking up in 2011.

German solar energy producer, Solarworld, recently made a bid for the ailing GM subsidiary Opel.

The company would become the first mass producer of high-tech cars with zero-emission.

The bid was quickly rejected by GM, but it was an indication of where the car industry might be headed.

"The car industry is facing a major shake-up," says car market analyst Christoph Stuermer. "Old players will disappear. New market participants will appear including some who have previously not been engaged in the field of mobility." – dpa


SOURCE: THE SUN ONLINE

Tuesday, July 29, 2008

KFCH STILL ATTRACTIVE

Tuesday July 29, 2008 MYT 11:41:49 AM

KFCH still attractive, cheap valuations


KUALA LUMPUR: KFC Holdings (Malaysia) Bhd (KFCH) remains a buy at RM6.35 and Aseambankers Equity Research says there is more upside for the counter due to the cheap valuations.

In a report issued Tuesday, it said other factors were the potentially better capital management in the second half of 2008, and more remotely, a chance at privatisation.

On the consumption trends in the first half of 2008 (1H08), it estimated KFCH’s 1H08 revenue rose more than 20% year-on-year from the RM808mil in the previous corresponding period.

The increase was underpinned by a by 2%-3% store network expansion and 12% same store sales (SSS) growth at the Malaysian KFCH chain.

“Strong consumption trends were driven by the government’s fiscal measures, innovative new products (Triple XL Burger, Breakfast menu) and effective marketing promotions such as KFC’s 400th store celebration set meals,” it added.

Aseambankers Research said despite the firm earnings momentum anticipated for 2Q08, it was maintaining its 2008 forecasts in anticipation of consumption slowdown and margin erosion.

“We expect SSS to slow to mid single-digit levels in 2H08, as consumers curtail their discretionary spending as inflation chips away disposable income (July’s inflation rate rose to 7.7%).

“We expect gross margins to ease further in 2Q08-3Q08 as an estimated 3% average price hike at the Malaysian KFC restaurants is insufficient to offset rising raw material costs,” it added.

Aseambankers Research said the 1Q08 earnings before interest and taxation (EBIT) margins had eased 0.8 percentage point year-on-year and 1.0 percentage point year-on-year due to rising costs.

In 2Q08, average soybean and corn prices rose 77.6% and 69.5% year-on-year (up 4% and up 22% quarter-on-quarter) to US$13.81 per bushel and US$6.29 per bushel respectively. Current soybean and corn prices were at US$14.1 per bushel and US$5.85 per bushel range.

However, the research house expected KFCH shares to gradually re-rate towards year-end, with QSR Brands Bhd expected to soon thereafter raise its stake in KFCH to over 50% (from under 49%).

It also expected KFCH to raise its net dividend payout from the 50% in 2007. It also did not rule out media reports of KFCH being taken private and merged into QSR.

“We maintain our 12-month target price of RM7.60, based on a 30% discount to its revised net asset value (RNAV) of RM10.80, which implies a target mid-2010 price-to-earnings ratio (PER) of 11.3 times,” it said.



ARTICLES SOURCE: http://biz.thestar.com.my

ANWAR TO COMMENT TODAY

Anwar to comment today?


DATUK Seri Anwar Ibrahim was expected to have held a media conference at the PKR headquarters about noon today on the leaked medical report that his accuser, Mohd Saiful Bukhari Azlan, a 23-year-old university dropout, was
not sodomised.


DATUK Seri Anwar Ibrahim was expected to have held a media conference at the PKR headquarters about noon today on the leaked medical report that his accuser, Mohd Saiful Bukhari Azlan, a 23-year-old university dropout, was not sodomised.


He could not be reached for comment last night on the medical report, which supporters say backs the defector PKR leader's claim of innocence.



Police, however, have slammed the report as sabotage and meant to confuse the public.

PKR secretary-general Salehuddin Hashim said the leaked medical report confirms the party's stand that the allegations against Anwar were "without merit and politically motivated".



He added that it further eroded public confidence in the police investigations into this case.

"Why has this medical report surfaced only today, over one month after the allegations were made, after Anwar spent a night in jail, and after the police had spent so much time and money on this case?" Salehuddin asked in a Press statement issued yesterday evening.


He also noted the reports that Dr Mohamed Osman had been interrogated by the police for three days and that, as a result, the doctor and his family had since gone into hiding. "Every assurance must be given for his safety and protection," Salehuddin said.


Anwar's lawyer, Sankara Nair said that the legal team would discuss the latest developments.

Saiful has claimed he was sodomised several times, including abroad, on occasions when he had accompanied Anwar.

He also claimed to be Anwar's personal aide but PKR has dismissed him as just a volunteer "coffee boy".


articel source: http://www.mmail.com.my

Deadly wreck

insidepix1

A 43-year-old administrative assistant was killed in Marang when this car collided head-on with another car at Km50.2 Jalan Kuala Terengganu-Kuantan, near Kampung Jambu Bongkok, yesterday.


Sabanan Yassin, from Kuala Ibai, Kuala Terengganu, was a passenger in the car driven by Mohd Khairul Azali Ramli, 28, a clerk, who broke both legs
and has been admitted to Sultanah Nur Zahirah Hospital.


State public order and traffic police chief Superintendent Farid Mahmud said Sabanan and Khairul were heading towards Dungun from Kuala Terengganu when the car skidded and spun several times before colliding with the other car.


The driver of the other car, Carl Benjamin Kono, 64, from Kuala Lumpur, escaped unhurt. — NST picture by Noor Asnida Alias

articles source: http://www.nst.com.my

US and Pakistan stress close ties


The US still considers Pakistan a key ally in its "war on terror", President George W Bush has told visiting Pakistani PM Yousuf Raza Gilani.

After talks, Mr Bush said Mr Gilani had made a strong commitment to securing Pakistan's border with Afghanistan.

The issue has caused strain in recent months, with the US urging Pakistan to move against Islamic militants.

The talks came as a top al-Qaeda figure was reported to have been killed in a missile strike in the border area.

Midhat Mursi al-Sayid Umar, a leading chemical weapons expert who the US says trained militants in Afghanistan, was reportedly killed along with six others in South Waziristan in a strike on Monday.

It was suspected to be a strike by US forces, but this has not been confirmed.

US and Afghan officials say Taleban and al-Qaeda militants have established their strongholds on Pakistan's western border from where they carry out attacks into Afghanistan.

Midhat Mursi al-Sayid Umar. Pic: Rewards for Justice web site
Midhat Mursi al-Sayid Umar has been reported killed before

The US has recently expressed misgivings about Pakistan's handling of Islamic militancy in the area, while Pakistan has complained that attacks inside its borders could bilateral relations. On his first trip to Washington since taking power in February's elections, Mr Gilani used the meeting to tell Mr Bush that his country was committed to fighting extremists.

"We talked about the common threat we faced, extremists who are very dangerous people," Mr Bush told reporters during a break in his talks with Mr Gilani.

Missile attacks

On the issue of US missile attacks targeting militants on the Pakistani side of the border, Mr Bush said: "The US respects the sovereignty" of Pakistan.

Mr Gilani stressed Pakistan's desire to improve relations with Washington.

He was also expected to meet the Democratic and Republican presidential hopefuls, Barack Obama and John McCain.

Despite Mr Bush's public praise, it was expected that Mr Gilani would hear some tough words in Washington, the BBC's Kim Ghattas in Washington reports.

The Pakistani prime minister is also scheduled to meet senior US officials, including Secretary of State Condoleezza Rice and Defence Secretary Robert Gates.

In recent months the US and its allies have pledged hundreds of millions of dollars in military and other forms of assistance to help Pakistan's new government tackle militancy in border areas.

Earlier this month, Mr Gates said he was considering sending additional troops to Afghanistan to counter the flow of insurgents from Pakistan.

Washington has also said it is concerned about peace deals that Islamabad has been signing with some of the radical groups in its western tribal-dominated areas.

Warning

The Pakistani government says the peace deals will bring stability to the volatile regions.

But Washington argues this gives the militants too much room to manoeuvre and increases the threat to Nato troops across the border.

Map

US military commanders have warned that if there is ever another attack against the US, it will be planned in those areas.

But there will be statements of support - and possibly action - to back them as the US seems keen to encourage the fragile transition from military to civilian rule in Islamabad, our correspondent says.

Last week, President Bush announced that he wanted to allow Pakistan to upgrade its F-16 fighter jets by using two-thirds of the annual counter-terrorism aid it gets from the US.

But the US Congress has criticised the move, saying the jets are not essential to the fight against the militants in the tribal areas.


ARTCLES SOURCE: http://news.bbc.co.uk

NIK SAPEIA ORDERED TO ENTER DEFENCE

Nik Sapeia ordered to enter defence over causing injury to Dr M and three others
BERNAMA



KOTA BAHARU, MON:

The Magistrate’s Court here today ordered businessman Datuk Nik Sapeia Nik Yusoff to make his defence on a charge of causing injury to former prime minister Tun Dr Mahathir Mohamad and three other people exactly two years ago.

Magistrate Azman Mustapha, in making the order, said the prosecution had made out a prima facie case against Nik Sapeia, 53, who is charged under Section 324 of the Penal Code for injuring them by spraying a substance which posed a danger to the body when inhaled.

Azman set Dec 15 to 19 for the hearing.

If convicted, Nik Sapeia is liable to a maximum of three years jail, or a fine, or whipping, or any two of the penalties.

The offence was allegedly committed at the Sultan Ismail Petra Airport in Pengkalan Chepa here at 11 am on July 28 2006.

Deputy Public Prosecutors Raja Rozela Raja Toran and Khairul Anuar Wahab appeared for the prosecution while Nik Sapeia was represented by Zainal Abidin Mustaffa, Mohd Ilyas Mohd Noor and Datuk Abdul Aziz Nawi.


ARTICLES SOURCE: http://www.nst.com.my

EZAM PREPARED TO GO UP AGAINST ANWAR

Ezam prepared to go up against Anwar in by-election


PETALING JAYA (July 28,2008):

Former Parti Keadilan Rakyat (PKR) Youth chief Mohamad Ezam Mohd Nor is prepared to contest against his former boss, PKR adviser Datuk Seri Anwar Ibrahim should there be a by-election for the Bandar Tun Razak parliamentary constituency.


Mohamad Ezam Mohd Nor
Mohamad Ezam is now an Umno member told a press conference here today he was prepared to face the former deputy prime minister if the Barisan Nasional (BN) leadership allows him to contest there.


"I'm an ordinary Umno member. So, it is best that the issue of candidacy in the area, more so if it is against Datuk Seri Anwar, be decided by the party leadership," Mohamad Ezam said.


"But I want to stress and reiterate that I'm ready... I'm not afraid to face Datuk Seri Anwar if the party wants me to contest in the by-election," he said, when commenting on Anwar's statement last night that he is likely to contest in the constituency.


The seat is now held by Selangor Menteri Besar and PKR secretary-general Tan Sri Khalid Ibrahim, who is speculated will vacate it to pave the way for Anwar to stand in the by-election.


Meanwhile, commenting on Anwar's claim that there would be up to 30 BN members of parliament crossing over to Pakatan Rakyat to let PKR form the federal government on Sept 16, Mohamad Ezam said the claim was baseless.


"Up until today there has been no proof of the claim. It is just a story crafted to divert the people's attention and not based on a serious agenda," Ezam said, stressing that it would be impossible for Anwar to form the government.


"Today, it is becoming clear that the Pakatan Rakyat is a fragile pact. The crack is appearing and we see this in the statement made by (DAP chairman) Karpal Singh who is unhappy over the dialogue held between PAS and Umno," he said.


"This goes to show that there are indeed internal problems in Pakatan Rakyat and Anwar knows this," he added.


ARTICLES SOURCE: http://www.thesundaily.com