BJP to boycott Shinde's public programme, communication

NEW DELHI: BJP on Friday decided to boycott all public programmes of Union home minister Sushilkumar Shinde and not respond to any communication from him to the party top brass in his capacity as leader of the house in Lok Sabha to protest against his Hindu terror remarks till he tenders an apology.

The decision was taken in the first core group meeting of BJP after Rajnath Singh took over as party president on January 23.

"The core group observed that Shinde's remarks have hurt Hindu sentiments and called Hindus and saints terrorists. It condemned his comments that BJP and RSS run terror training camps. The party has decided that its members and workers will boycott all public programmes in which Shinde is taking part. He will be shown black flags," BJP general secretary Ananth Kumar told reporters.

BJP will also not respond to any communication or request for meetings from Shinde to the party's senior parliamentarians, including NDA working chairperson L K Advani and leader of the opposition in Lok Sabha Sushma Swaraj.

Shinde, who is leader of the house in Lok Sabha, may find it difficult to get government business through during the forthcoming budget session of Parliament if BJP does not respond to his calls for discussions on crucial issues.

However, Rajnath Singh said his party does not intend to boycott Shinde inside Parliament and will not disrupt proceedings when he rises to speak.

"But we will raise this issue (Shinde's remarks on Hindu terror) in Parliament," he said.

Significantly, this strategy of BJP appears to be a slight climbdown as the party had earlier insisted that Prime Minister Manmohan Singh and UPA chairperson Sonia Gandhi should apologise for Shinde's remarks and that he should be sacked from the post of home minister.

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Hedgehog Alert! Prickly pets can carry salmonella


NEW YORK (AP) — Add those cute little hedgehogs to the list of pets that can make you sick.


In the last year, 20 people were infected by a rare but dangerous form of salmonella bacteria, and one person died in January. The illnesses were linked to contact with hedgehogs kept as pets, according to a report released Thursday by the Centers for Disease Control and Prevention.


Health officials on Thursday say such cases seem to be increasing.


The CDC recommends thoroughly washing your hands after handling hedgehogs and cleaning pet cages and other equipment outside.


Other pets that carry the salmonella bug are frogs, toads, turtles, snakes, lizards, chicks and ducklings.


Seven of the hedgehog illnesses were in Washington state, including the death — an elderly man from Spokane County who died in January. The other cases were in Alabama, Illinois, Indiana, Michigan, Minnesota, Ohio and Oregon.


In years past, only one or two illnesses from this salmonella strain have been reported annually, but the numbers rose to 14 in 2011, 18 last year, and two so far this year.


Children younger than five and the elderly are considered at highest risk for severe illness, CDC officials said.


Hedgehogs are small, insect-eating mammals with a coat of stiff quills. In nature, they sometimes live under hedges and defend themselves by rolling up into a spiky ball.


The critters linked to recent illnesses were purchased from various breeders, many of them licensed by the U.S. Department of Agriculture, CDC officials said. Hedgehogs are native to Western Europe, New Zealand and some other parts of the world, but are bred in the United States.


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Online:


CDC report: http://www.cdc.gov/mmwr


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'Terrorist Blast' at US Embassy in Turkey













A suicide bomber and a U.S. embassy guard were killed in a "terrorist blast" outside the U.S. Embassy in Turkey today, Turkish and American officials said.


The explosion, which occurred at a checkpoint to the embassy in Ankara in the early afternoon local time, also wounded two other guards and at least one civilian, identified by Turkish Interior Minister Muammer Guler as a female journalist. She is in critical condition, Guler said.


Guler said the suicide bomber was a man and may have been connected to an outlawed leftist party, according to a report by The Associated Press.










April 18, 1983: U.S. Embassy Bombed in Beirut Watch Video







"It was a sad event, but this attack should remind us the necessity to work against terror together," Turkish Prime Minister Recep Erdogan said.


Television footage from the scene showed damage to a part of an outer gatehouse, which is adjacent to the main building.


Rep. Ed Royce (R-Calif.), the Chairman of the U.S. House Foreign Affairs Committee, said it was a "stark reminder of the constant terrorist threat against U.S. facilities, personnel and interests abroad."


U.S. officials said that Turkish police are investigating the incident.


The blast comes nearly five months after U.S. Ambassador to Libya, Chris Stevens, was killed alongside three other Americans in an attack on a U.S. diplomatic facility in Benghazi, Libya.


The Associated Press contributed to this report.



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Syrian rebels make slow headway in south


AMMAN (Reuters) - The revolt against President Bashar al-Assad first flared in Deraa, but the southern border city now epitomizes the bloody stalemate gripping Syria after 22 months of violence and 60,000 dead.


Jordan next door has little sympathy with Assad, but is wary of spillover from the upheaval in its bigger neighbor. It has tightened control of its 370-km (230-mile) border with Syria, partly to stop Islamist fighters or weapons from crossing.


That makes things tough for Assad's enemies in the Hawran plain, traditionally one of Syria's most heavily militarized regions, where the army has long been deployed to defend the southern approaches to Damascus from any Israeli threat.


The mostly Sunni Muslim rebels, loosely grouped in tribal and local "brigades", are united by a hatred of Assad and range from secular-minded fighters to al Qaeda-aligned Islamists.


"Nothing comes from Jordan," complained Moaz al-Zubi, an officer in the rebel Free Syrian Army, contacted via Skype from the Jordanian capital Amman. "If every village had weapons, we would not be afraid, but the lack of them is sapping morale."


Insurgents in Syria say weapons occasionally do seep through from Jordan but that they rely more on arsenals they seize from Assad's troops and arms that reach them from distant Turkey.


This month a Syrian pro-government television channel showed footage of what it said was an intercepted shipment of anti-tank weapons in Deraa, without specifying where it had come from.


Assad's troops man dozens of checkpoints in Deraa, a Sunni city that was home to 180,000 people before the uprising there in March 2011. They have imposed a stranglehold which insurgents rarely penetrate, apart from sporadic suicide bombings by Islamist militants, say residents and dissidents.


Rebel activity is minimal west of Deraa, where military bases proliferate near the Israeli-occupied Golan Heights.


Insurgents have captured some towns and villages in a 25-km (17-mile) wedge of territory east of Deraa, but intensifying army shelling and air strikes have reduced many of these to ruin, forcing their residents to join a rapidly expanding refugee exodus to Jordan, which now hosts 320,000 Syrians.


However, despite more than a month of fighting, Assad's forces have failed to winkle rebels out of strongholds in the rugged volcanic terrain that stretches from Busra al-Harir, 37 km (23 miles) northeast of Deraa, to the outskirts of Damascus.


Further east lies Sweida, home to minority Druze who have mostly sat out the Sunni-led revolt against security forces dominated by Assad's minority, Shi'ite-rooted Alawite sect.


"KEY TO DAMASCUS"


As long as Assad's forces control southwestern Syria, with its fertile, rain-fed Hawran plain, his foes will find it hard to make a concerted assault on Damascus, the capital and seat of his power, from suburbs where they already have footholds.


"If this area is liberated, the supply routes from the south to Damascus would be cut," said Abu Hamza, a commander in the rebel Ababeel Hawran Brigade. "Deraa is the key to the capital."


Fighters in the north, where Turkey provides a rear base and at least some supply lines, have fared somewhat better than their counterparts in the south, grabbing control of swathes of territory and seizing half of Aleppo, Syria's biggest city.


They have also captured some towns in the east, across the border from Iraq's Sunni heartland of Anbar province, and in central Syria near the mostly Sunni cities of Homs and Hama.


But even where they gain ground, Assad's mostly Russian-supplied army and air force can still pound rebels from afar, prompting a Saudi prince to call for outsiders to "level the playing field" by providing anti-tank and anti-aircraft weapons.


"What is needed are sophisticated, high-level weapons that can bring down planes, can take out tanks at a distance," Prince Turki al-Faisal, a former intelligence chief and brother of the Saudi foreign minister, said last week at a meeting in Davos.


Saudi Arabia and its fellow Gulf state Qatar have long backed Assad's opponents and advocate arming them, but for now the rebels are still far outgunned by the Syrian military.


"They are not heavily armed, properly trained or equipped," said Ali Shukri, a retired Jordanian general, who argued also that rebels would need extensive training to use Western anti-tank or anti-aircraft weapons effectively even if they had them.


He said two powerful armored divisions were among Syrian forces in the south, where the rebels are "not that strong".


It is easier for insurgents elsewhere in Syria to get support via Turkey or Lebanon than in the south where the only borders are with Israel and Jordan, Shukri said.


Jordan, which has urged Assad to go, but seeks a political solution to the crisis, is unlikely to ramp up support for the rebels, even if its cautious policy risks irritating Saudi Arabia and Qatar, financial donors to the cash-strapped kingdom.


ISLAMIST STRENGTH


"I'm confident the opposition would like to be sourcing arms regularly from the Jordanian border, not least because I guess it would be easier for the Saudis to get stuff up there on the scale you'd be talking about," said a Western diplomat in Amman.


A scarcity of arms and ammunition is the main complaint of the armed opposition, a disparate array of local factions in which Islamist militants, especially the al Qaeda-endorsed Nusra Front, have come to play an increasing role in recent months.


The Nusra Front, better armed than many groups, emerged months after the anti-Assad revolt began in Deraa with peaceful protests that drew a violent response from the security forces.


It has flourished as the conflict has turned ever more bitterly sectarian, pitting majority Sunnis against Alawites.


Since October, the Front, deemed a terrorist group by the United States, has carried out at least three high-profile suicide bombings in Deraa, attacking the officers' club, the governor's residence and an army checkpoint in the city centre.


Such exploits have won prestige for the Islamist group, which has gained a reputation for military prowess, piety and respect for local communities, in contrast to some other rebel outfits tainted by looting and other unpopular behavior.


"So far no misdeeds have come from the Nusra Front to make us fear them," said Daya al-Deen al-Hawrani, a fighter from the rebel al-Omari Brigade. "Their goal and our goal is one."


Abu Ibrahim, a non-Islamist rebel commander operating near Deraa, said the Nusra Front fought better and behaved better than units active under the banner of the Free Syrian Army.


"Their influence has grown," he acknowledged, describing them as dedicated and disciplined. Nor were their fighters imposing their austere Islamic ideology on others, at least for now. "I sit with them and smoke and they don't mind," he said.


The Nusra Front may be trying to avoid the mistakes made by a kindred group, Al Qaeda in Iraq, which fought U.S. troops and the rise of Shi'ite factions empowered by the 2003 invasion.


The Iraqi group's suicide attacks on civilians, hostage beheadings and attempts to enforce a harsh version of Islamic law eventually alienated fellow Sunni tribesmen who switched sides and joined U.S. forces in combating the militants.


Despite the Nusra Front's growing prominence and its occasional spectacular suicide bombings in Deraa, there are few signs that its fighters or other rebels are on the verge of dislodging the Syrian military from its southern bastions.


Abu Hamza, the commander in the Ababeel Hawran Brigade, was among many rebels and opposition figures to lament the toughness of the task facing Assad's enemies in the south: "What is killing us is that all of Hawran is a military area," he said.


"And every village has five army compounds around it."


(Writing by Alistair Lyon; Editing by Alastair Macdonald)



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Scoot airlines to increase fleet, expand routes






SINGAPORE: Scoot, the low cost long haul subsidiary of Singapore Airlines, has flown about 600,000 passengers after seven months of operation.

This means carrying about 85,000 travellers per month.

The carrier also has a passenger load factor of about 81 per cent and currently flies to eight destinations, including Tianjin, Shenyang and the Gold Coast.

Speaking at the "world's low cost airlines" conference on Thursday, CEO of Scoot Airlines Campbell Wilson was asked if the airline will be increasing its fleet and expanding its routes to cope with the ever growing demand for low cost travel in Southeast Asia.

Mr Wilson said: "We're taking a fifth aircraft this year end of May, early June, and we'll use that to add two or three more routes to the network. In terms of partnership, currently we work most closely with Tiger Airways, they have affiliates in other countries that we would look to expand our routes to. And furthermore there are airlines outside of Singapore and indeed outside of Southeast Asia that are quite interested to work with us. But its too premature to reveal who."

Scoot has introduced ScooTV, streaming inflight entertainment for passengers, and was the first to introduce iPads for rent.

Mr Wilson said it does not add to their costs at all.

"We only introduce these where there is a business benefit to us. We target to get over 20 per cent of our revenue from ancillary products of which entertainment is one. But as well as earning us money, it also helps the passenger. It's a win-win all round," he said.

Mr Wilson also commented on Boeing's Dreamliner despite the latest safety hiccups.

"The next aircraft we take this year is a 777-200 and the ones after that are 787s. Boeing is keeping us fully informed of what's happening with the 787 investigations and rectification and we are confident in their ability to resolve the issue under the purview of the regulators, and we look forward to taking the aircraft on schedule in November 2014. We have commitment for 20 Dreamliners," he said.

Several Scoot flights were recently hit by a series of passenger complaints stemming from flight delays and alleged technical faults.

Mr Wilson said: "The challenges are real. When you have a small fleet flying high utilisation. Anything whether its a weather delay, whether its a typhoon, fog in Tianjin today or storms in Gold Coast on Monday, they do affect aircraft schedules and sometimes have consequential effects. There's no avoiding that with a small fleet, but the high utilisation of aircraft is what allows us to offer low fares, so it's a bit of a quid pro quo.

"We're very clear to people what it is that we offer, we also make no secret what it is that we give in terms of compensation. The compensation is not just S$50, it can be more ranging to a full refund depending on the circumstances.

"Clearly, unit costs is unavoidable for operating an airline, unit revenue and engagement. You can't operate a business if you don't have low cost, you can't cover those cost if you don't have decent revenue and you don't have revenue if people don't like you."

- CNA/de



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Omar Abdullah meets PM, seeks security, fund for sarpanches

NEW DELHI: Jammu and Kashmir chief minister Omar Abdullah on Thursday called on Prime Minister Manmohan Singh and sought assistance in providing security and honorarium to newly-elected Panches and sarpanches so that panchayati raj institutions are further strengthened.

The 42-year-old chief minister also met UPA chairperson Sonia Gandhi and the Union home minister discussing issues related to NC-Congress coalition government in the state.

During an hour-long meeting with the PM, the chief minister discussed issues relating to strengthening of panchayat institutions, special assistance for a mono-rail or metro project for Srinagar and Jammu and assistance in power sector so that relief could be given to consumers.

The chief minister sought liberal central funding for devolution of resources to panchayats including payment of honorarium to nearly 33,000 panches and sarpanches.

"The historic panchayat elections have raised expectations of the common man in the development share of the state," Omar was quoted in an official release as saying.

On the part of the state government, transfer of functions, functionaries and funds to panchayat raj institutions is a commitment and a beginning has been made by transferring the functions of 14 departments and ensuring flow of funds, Omar told the Prime Minister.

According to the state government release, the Prime Minister assured the chief minister of active consideration of the proposals made to various Union ministries and said the Centre would continue to support the Jammu and Kashmir government in its efforts to march on the road to peace and prosperity.

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Sex to burn calories? Authors expose obesity myths


Fact or fiction? Sex burns a lot of calories. Snacking or skipping breakfast is bad. School gym classes make a big difference in kids' weight.


All are myths or at least presumptions that may not be true, say researchers who reviewed the science behind some widely held obesity beliefs and found it lacking.


Their report in Thursday's New England Journal of Medicine says dogma and fallacies are detracting from real solutions to the nation's weight problems.


"The evidence is what matters," and many feel-good ideas repeated by well-meaning health experts just don't have it, said the lead author, David Allison, a biostatistician at the University of Alabama at Birmingham.


Independent researchers say the authors have some valid points. But many of the report's authors also have deep financial ties to food, beverage and weight-loss product makers — the disclosures take up half a page of fine print in the journal.


"It raises questions about what the purpose of this paper is" and whether it's aimed at promoting drugs, meal replacement products and bariatric surgery as solutions, said Marion Nestle, a New York University professor of nutrition and food studies.


"The big issues in weight loss are how you change the food environment in order for people to make healthy choices," such as limits on soda sizes and marketing junk food to children, she said. Some of the myths they cite are "straw men" issues, she said.


But some are pretty interesting.


Sex, for instance. Not that people do it to try to lose weight, but claims that it burns 100 to 300 calories are common, Allison said. Yet the only study that scientifically measured the energy output found that sex lasted six minutes on average — "disappointing, isn't it?" — and burned a mere 21 calories, about as much as walking, he said.


That's for a man. The study was done in 1984 and didn't measure the women's experience.


Among the other myths or assumptions the authors cite, based on their review of the most rigorous studies on each topic:


—Small changes in diet or exercise lead to large, long-term weight changes. Fact: The body adapts to changes, so small steps to cut calories don't have the same effect over time, studies suggest. At least one outside expert agrees with the authors that the "small changes" concept is based on an "oversimplified" 3,500-calorie rule, that adding or cutting that many calories alters weight by one pound.


—School gym classes have a big impact on kids' weight. Fact: Classes typically are not long, often or intense enough to make much difference.


—Losing a lot of weight quickly is worse than losing a little slowly over the long term. Fact: Although many dieters regain weight, those who lose a lot to start with often end up at a lower weight than people who drop more modest amounts.


—Snacking leads to weight gain. Fact: No high quality studies support that, the authors say.


—Regularly eating breakfast helps prevent obesity. Fact: Two studies found no effect on weight and one suggested that the effect depended on whether people were used to skipping breakfast or not.


—Setting overly ambitious goals leads to frustration and less weight loss. Fact: Some studies suggest people do better with high goals.


Some things may not have the strongest evidence for preventing obesity but are good for other reasons, such as breastfeeding and eating plenty of fruits and vegetables, the authors write. And exercise helps prevent a host of health problems regardless of whether it helps a person shed weight.


"I agree with most of the points" except the authors' conclusions that meal replacement products and diet drugs work for battling obesity, said Dr. David Ludwig, a prominent obesity research with Boston Children's Hospital who has no industry ties. Most weight-loss drugs sold over the last century had to be recalled because of serious side effects, so "there's much more evidence of failure than success," he said.


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Online:


Obesity info: http://www.cdc.gov/obesity/data/trends.html


New England Journal: http://www.nejm.org


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Marilynn Marchione can be followed at http://twitter.com/MMarchioneAP


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Negotiations Drag Out for 5-Year-Old Hostage













An Alabama community is on edge today, praying for a 5-year-old boy being held hostage by a retired man who police say abducted him at gunpoint Tuesday afternoon.


Nearly 40 hours have slowly passed since school bus driver Charles Albert Poland Jr., 66, heroically tried to prevent the kidnapping, but was shot to death by suspect Jimmy Lee Dykes, a former truck driver, police said.


Dykes boarded the bus Tuesday and said he wanted two boys, 6 to 8 years old. As the children piled to the back of the bus, Dykes, 65, allegedly shot Poland four times, then grabbed the child at random and fled, The Associated Press reported.


The primary concern in the community near Midland City, Ala., is now for the boy's safety. Dale County police have not identified the child.


"I believe in prayer, so I just pray that we can resolve this peacefully," Dale County sheriff Wally Olson said.






Mickey Welsh/Montgomery Advertiser/AP











Alabama Child Hostage Situation: School Bus Driver Killed Watch Video









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Algeria Hostage Situation: Military Operation Mounted Watch Video





The boy is being held in a bunker about 8 feet below ground, where police say Dykes likely has enough food and supplies to remain underground for weeks. Dykes has been communicating with police through a pipe extending from the bunker to the surface.


It is unclear whether he has made any demands from the bunker-style shelter on his property.


The young hostage is a child with autism. Dykes has allowed the boy to watch television, and have some medication, police said


Multiple agencies have responded to the hostage situation, Dale County Sheriff Wally Olson said. The FBI has assumed the lead in the investigation, and SWAT teams were surrounding the bunker.


"A lot of law enforcement agencies here doing everything they possibly can to get this job done," Olson said.


Former FBI lead hostage negotiator Chris Voss said that authorities must proceed with caution.


"You make contact as quickly as you can, but also as gently as you can," he said. "You don't try to be assertive; you don't try to be aggressive."


Voss said patience is important in delicate situations such as this.


"The more patient approach they take, the less likely they are to make mistakes," he said.


"They need to move slowly to get it right, to communicate properly and slowly and gently unravel this."



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Merkel urges Egypt's Mursi to hold crisis dialogue


CAIRO/BERLIN (Reuters) - German Chancellor Angela Merkel urged Egypt's Islamist president on Wednesday to open a dialogue with all political forces in the crisis-ridden Arab country after a week of violence that has killed more than 50 people.


President Mohamed Mursi flew to Germany to try to convince Europe of his democratic credentials, but in a sign of the political tensions back home, he restricted his trip to a few hours and canceled a planned Paris leg.


"One thing that is important for us is that the line for dialogue is always open to all political forces in Egypt, that the different political forces can make their contribution, that human rights are adhered to in Egypt and that of course religious freedom can be experienced," Merkel told Mursi at a joint news conference.


The Egyptian leader, who has faced months of protests by liberal and youth groups opposed to a new Islamic constitution, replied that dialogue was possible and that Egypt would be a state based on the rule of law, not run by the military.


But he refused to give a commitment sought by the opposition to form a national unity government, saying that would be for the new parliament to decide after elections expected in April.


Two more protesters were shot dead before dawn near Cairo's central Tahrir Square on the seventh day of what has become the deadliest wave of unrest since Mursi took power in June.


The army chief warned on Tuesday that the state was on the brink of collapse if Mursi's opponents and supporters did not end street battles that have marked the two-year anniversary of the revolt that toppled autocrat Hosni Mubarak.


Mursi is due to return to Cairo later in the day.


Near Tahrir Square on Wednesday morning, dozens of protesters threw stones at police who fired back teargas, although the scuffles were brief.


"Our demand is simply that Mursi goes, and leaves the country alone. He is just like Mubarak and his crowd who are now in prison," said Ahmed Mustafa, 28, a youth who had goggles on his head to protect his eyes from teargas.


Opposition politician Mohamed ElBaradei called for a meeting of the president, ministers, the ruling party and the opposition to halt the violence. But he also restated the opposition's precondition that Mursi first commit to seeking a national unity government.


Mursi's critics accuse him of betraying the spirit of the revolution by keeping too much power in his own hands and those of his Muslim Brotherhood, the Islamist movement banned under Mubarak which won repeated elections since the 2011 uprising.


Mursi's supporters say the protesters want to overthrow Egypt's first democratically elected leader. The unrest has prevented a return to stability ahead of parliamentary elections due within months, and worsened an economic crisis that has seen the pound currency tumble in recent weeks.


The worst violence has been in the Suez Canal city of Port Said, where rage was fuelled by death sentences passed against soccer fans for deadly riots last year. Mursi responded by announcing on Sunday a month-long state of emergency and curfew in Port Said and two other Suez Canal cities.


Protesters have ignored the curfew and returned to the streets. Human Rights Watch called for Mursi to lift the decree.


Mursi was keen to allay the West's fears over the future of the most populous Arab country in his meetings with Merkel and powerful industry groups in Berlin.


"DISTURBING IMAGES"


"We have seen worrying images in recent days, images of violence and destruction, and I appeal to both sides to engage in dialogue," German Foreign Minister Guido Westerwelle said in a radio interview on Wednesday ahead of Mursi's arrival.


Germany's "offer to help with Egypt's transformation clearly depends on it sticking to democratic reforms", he added.


Germany has praised Mursi's efforts in mediating a ceasefire between Israel and Palestinians in Gaza after a conflict last year, but became concerned at Mursi's efforts to expand his powers and fast-track a constitution last year.


Berlin was also alarmed by video that emerged in recent weeks showing Mursi making vitriolic remarks against Jews and Zionists in 2010 when he was a senior Brotherhood official. Germany's Nazi past and strong support of Israel make it highly sensitive to anti-Semitism.


Mursi's past anti-Jewish remarks were "unacceptable", Westerwelle said. "But at the same time President Mursi has played a very constructive role mediating in the Gaza conflict."


Asked about those remarks at the news conference with Merkel, Mursi said they had been taken out of context and he was not against the Jewish faith.


Egypt's main liberal and secularist bloc, the National Salvation Front, has so far refused talks with Mursi unless he promises a unity government including opposition figures.


"Stopping the violence is the priority, and starting a serious dialogue requires committing to guarantees demanded by the National Salvation Front, at the forefront of which are a national salvation government and a committee to amend the constitution," ElBaradei said on Twitter.


Those calls have also been backed by the hardline Islamist Nour party - rivals of Mursi's Brotherhood. Nour and the Front were due to meet on Wednesday, signaling an unlikely alliance of Mursi's critics from opposite ends of the political spectrum.


Brotherhood leader Mohamed El-Beltagy dismissed the unity government proposal as a ploy for the Front to take power despite having lost elections. On his Facebook page he ridiculed "the leaders of the Salvation Front, who seem to know more about the people's interests than the people themselves".


German industry leaders see potential in Egypt but are concerned about political instability.


"At the moment many firms are waiting on political developments and are cautious on any big investments," said Hans Heinrich Driftmann, head of Germany's Chamber of Industry and Commerce.


Mursi's supporters blame the opposition for preventing an economic recovery by halting efforts to restore stability. The opposition says an inclusive government is needed to bring calm.


(Additional reporting by Yasmine Saleh and Marwa Awad in Cairo, Stephen Brown and Gernot Heller in Berlin and Arshad Mohammed in Washington; Writing by Peter Graff; Editing by Giles Elgood and Paul Taylor)



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UE plans to launch rival bid for WBL Corp






SINGAPORE: Another corporate fight is brewing as property and engineering group United Engineers plans to launch a rival bid for WBL Corp at S$4 a share.

United Engineers said the company's growth has reached its peak after the property and construction firm raked in record revenue of S$1.19 billion in 2011.

The company is now looking for more recurring income.

To do that, United Engineers said it has to look beyond its home ground in Singapore for inorganic growth.

That is why it has offered to buy the remaining 61.7 per cent of WBL Corp that it does not own for S$687 million in an all-cash offer.

Jackson Yap, group managing director and chief executive officer of United Engineers Limited, said: "In property development, the earnings could be quite lumpy. When you have the project finishing, you have a spike in your earnings. So we are trying to spread it out and have a more recurring income.

"The auto business offers us that opportunity. It is a great business. We have seen quite good growth for them. We think that that is one of our core businesses if we are looking to take over."

United Engineers is eyeing on WBL Corp's business outside Singapore, particularly in China.

These include automotive, property development, technology and engineering.

Jack Wang from Lexico Advisory said there could be lucrative spin-offs if the acquisition is successful.

Mr Wang said: "You are not just buying one company. You are actually buying three segments of the business which I think if anyone is confident of about the fundamentals, you can spin-off some of the business, and you can get lots of value out of it."

United Engineers has the support from WBL Corp's major shareholders which include OCBC Group, Great Eastern, and the Lee Family.

Together they hold 38.3 per cent stake in WBL Corp.

United Engineers said it will fund the acquisition by internal funds and external borrowings.

WBL Corp's shares were halted for trading on Wednesday. Its shares last traded at S$4.20 apiece.

Major shareholder Straits Trading with some 44.6 per cent stake in WBL Corp has not commented on United Engineers' latest offer.

- CNA/fa



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