Cordlife Group posts S$5.6m net profit in fiscal Q2

SINGAPORE: Cord blood and tissue banking service provider Cordlife Group posted a net profit of S$5.6 million for its fiscal second quarter, boosted by a one-time disposal gain of $2.7 million.

Excluding the disposal of its 10 per cent interest in China-based stem cell company, China Stem Cells (South) Company, Cordlife's underlying net profit grew over 50 per cent to S$3 million.

Revenue for the quarter rose 24 per cent to S$8.8 million.

Cordlife attributed the higher revenue largely to successful marketing efforts to educate expectant parents on the benefits of its cord blood banking services.

Going forward, the group is optimistic that it could benefit from policies to boost fertility and birth rates in Singapore.

The firm said the extension of Child Development Accounts, as well as the higher Baby Bonus, will allow more parents to afford to store their children's cord blood stem cells as an additional medical treatment alternative.

Jeremy Yee, executive director and CEO of Cordlife Group, said: "The Population White Paper was a very interesting one.

"What we look at, at the end of the day, is the fact that the government essentially is going to spur more investment by putting in more infrastructure in place so that the population can grow.

"More incentives have been given to parents to have more children. So all these are positives."

Cordlife's shares closed on Thursday almost 5 per cent higher at 66 cents.

- CNA/al

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New generation of Kashmiris will identify with Afzal Guru: Omar Abdullah

JAMMU: Jammu and Kashmir chief minister Omar Abdullah has said that the new generation of Kashmiris will identify with 2001 Parliament Attack accused Afzal Guru because the latter belonged to their generation, and added that every generation of Kashmiris has his or her symbol.

He said that to understand this phenomenon or feeling, there was need to have a deep knowledge of the Kashmiri history and developments.

"Kashmiris have always looked for symbols whether in the mainstream or in the separatist camp. They have always identified with people. They identified with Sheikh Mohammad Abdullah, they have identified with other leaders from time to time. Make no mistake, ask the generation of separatist leadership represented by those in their 40s and 50s, they will tell you they identified with Maqbool Bhatt. I have said not every Kashmiri will identify with him, but make no mistake a new generation of Kashmiris will identify with Afzal Guru because he belongs to their generation. Maqbool Bhatt was a name, Afzal Guru is a face," said Abdullah.

Abdullah also said that he had been consistent in repeatedly stating that he had serious apprehensions about the fallout from Afzal Guru's execution, and that he made no attempt to hide this view.

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Are Honeybees Losing Their Way?

A single honeybee visits hundreds, sometimes thousands, of flowers a day in search of nectar and pollen. Then it must find its way back to the hive, navigating distances up to five miles (eight kilometers), and perform a "waggle dance" to tell the other bees where the flowers are.

A new study shows that long-term exposure to a combination of certain pesticides might impair the bee's ability to carry out its pollen mission.

"Any impairment in their ability to do this could have a strong effect on their survival," said Geraldine Wright, a neuroscientist at Newcastle University in England and co-author of a new study posted online February 7, 2013, in the Journal of Experimental Biology.

Wright's study adds to the growing body of research that shows that the honeybee's ability to thrive is being threatened. Scientists are still researching how pesticides may be contributing to colony collapse disorder (CCD), a rapid die-off seen in millions of honeybees throughout the world since 2006.

"Pesticides are very likely to be involved in CCD and also in the loss of other types of pollinators," Wright said. (See the diversity of pollinating creatures in a photo gallery from National Geographic magazine.)

Bees depend on what's called "scent memory" to find flowers teeming with nectar and pollen. Their ability to rapidly learn, remember, and communicate with each other has made them highly efficient foragers, using the waggle dance to educate others about the site of the food source.

Watch as National Geographic explains the waggle dance.

Their pollination of plants is responsible for the existence of nearly a third of the food we eat and has a similar impact on wildlife food supplies.

Previous studies have shown certain types of pesticides affect a bee's learning and memory. Wright's team wanted to investigate if the combination of different pesticides had an even greater effect on the learning and memory of honeybees.

"Honeybees learn to associate floral colors and scents with the quality of food rewards," Wright explained. "The pesticides affect the neurons involved in these behaviors. These [affected] bees are likely to have difficulty communicating with other members of the colony."

The experiment used a classic procedure with a daunting name: olfactory conditioning of the proboscis extension reflex. In layman's terms, the bee sticks out its tongue in response to odor and food rewards.

For the experiment, bees were collected from the colony entrance, placed in glass vials, and then transferred into plastic sandwich boxes. For three days the bees were fed a sucrose solution laced with sublethal doses of pesticides. The team measured short-term and long-term memory at 10-minute and 24-hour intervals respectively. (Watch of a video of a similar type of bee experiment.)

This study is the first to show that when pesticides are combined, the impact on bees is far worse than exposure to just one pesticide. "This is particularly important because one of the pesticides we used, coumaphos, is a 'medicine' used to treat Varroa mites [pests that have been implicated in CCD] in honeybee colonies throughout the world," Wright said.

The pesticide, in addition to killing the mites, might also be making honeybees more vulnerable to poisoning and effects from other pesticides.

Stephen Buchmann of the Pollinator Partnership, who was not part of Wright's study, underscored how critical pollinators are for the world. "The main threat to pollinators is habitat destruction and alteration. We're rapidly losing pollinator habitats, natural areas, and food—producing agricultural lands that are essential for our survival and well being. Along with habitat destruction, insecticides weaken pollinators and other beneficial insects."

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'Blade Runner' Charged With Murder of Girlfriend

Oscar Pistorius, the Olympic and Paralympic athlete known as the "blade runner," was taken into custody in South Africa today and charged with the murder of his girlfriend, who was fatally shot at his home.

Police in the South African capital of Pretoria received a call around 3 a.m. today that there had been a shooting at the home of 26-year-old Pistorius, Lt. Col. Katlego Mogale told the Associated Press. When police arrived at the scene they found paramedics trying to revive 29-year-old Reeva Steenkamp, the AP reported.

At a news conference early today, police said a 26-year-old man, whom they have not named, was arrested and has requested to be taken to court immediately. Police in South Africa do not name suspects in crimes until they have appeared in court.

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AP Photo/Matt Dunham, File

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Mogale said the woman died at the house, and a 9-mm pistol was recovered at the scene and a murder case opened against Pistorius, the AP reported.

Police said this morning that there were no other suspects in the shooting, and that Pistorius is at the police station.

The precise circumstances surrounding the incident are unclear. Local reports say he might have mistaken her for a burglar, according to the AP.

VIDEO: Double Amputee Races to Win Olympic Gold

Police said they have heard reports of an argument or shouting at the apartment complex, and that the only two people on the premises were Steenkamp and Pistorius.

Police confirmed there have previously been incidents of a domestic nature at the home of Pistorius.

Pistorius, a sprint runner, had double below the knee amputations, and a part of his legs has been replaced with carbon fiber blades. In 2012, he became the first double-leg amputee to participate in the Olympics, competing in the men's 400-meter race.

He also competed in the Paralympics, where he won gold medals in the men's 400-meter race, in what became a Paralympics record. He also took the silver in the 200-meter race.

Steenkamp, according to her Twitter bio, is a law graduate and model. She tweeted Wednesday, "What do you have up your sleeve for your love tomorrow??? #getexcited #ValentinesDay."

Steenkamp recently appeared on the cover of FHM magazine, in commercials and was due to appear on a reality-TV show, "Tropika Island of Treasure."

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Obama urges a move away from narrow focus on politics of austerity

Just about every argument in Washington since the 2010 midterm elections, which returned control of the House to Republicans, has centered on reducing the federal deficit. On Tuesday night, President Obama leaned into his second term by declaring that a single-minded focus on deficit reduction would jeopardize the nation’s future. And he sounded an urgent call to rebuild.

Reelected by an ascendent coalition, the president spoke from a position of strength in his fourth State of the Union address. The economy is improving. The Republican Party is in disarray. The time has come, Obama indicated, to pivot away from the politics of austerity.

“Most of us agree that a plan to reduce the deficit must be part of the agenda,” he said. “But let’s be clear: Deficit reduction alone is not an economic plan. A growing economy that creates good middle-class jobs — that must be the North Star that guides our efforts.”

The president rejected the fiscal brinkmanship that defined the past two years. Instead, he framed future fiscal debates as opportunities to shape a “smarter government” — one with new investments in science and innovation, with a rising minimum wage, with tax reform that eliminates loopholes and deductions for what the president labeled “the well-off and well-connected.”

Second-term presidents have a narrow window of time to enact significant change before they become lame ducks, and Obama, while echoing campaign themes of reinforcing the middle class, made an urgent case for a more pragmatic version of populism, one that emphasizes economic prosperity as the cornerstone of a fair society.

Over and over, he noted that the time to rebuild is now.

The “Fix-It-First” program that Obama outlined to put people to work on “urgent repairs,” such as structurally deficient bridges, bore echoes of President Bill Clinton’s call in his 1999 State of the Union address to “save Social Security first.” Clinton’s was an effective line, one that stopped — at least until President George W. Bush took office two years later — a Republican drive to use the budget surplus to cut taxes.

Although Obama’s speech lacked the conciliatory notes of some of his earlier State of the Union addresses, he did make overtures to Republicans and cited Mitt Romney, his presidential challenger, by name.

He combined tough talk about securing the border, which brought Republicans to their feet, with a pledge to entertain reasonable reforms to Medicare, the federal entitlement program that fellow Democrats are fighting to protect.

“Those of us who care deeply about programs like Medicare must embrace the need for modest reforms,” he said.

Obama also pledged to cut U.S. dependence on energy imports by expanding oil and gas development. And he singled out one area where he and Romney found agreement in last year’s campaign: linking increases in the minimum wage to the cost of living.

Obama set a bipartisan tone at the start of his speech, quoting from President John F. Kennedy’s address to Congress 51 years earlier when he said, “The Constitution makes us not rivals for power, but partners for progress.”

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Bank of England says UK economic recovery in sight

LONDON: The Bank of England forecast on Wednesday that the British economy would experience a "slow but sustained" recovery, but 12-month inflation would top 3.0 percent in the summer months.

Gross domestic product (GDP) was expected to grow by about 2.0 percent by the end of 2014 and remain positive despite some volatility amid the ongoing eurozone crisis, the central bank said in its latest quarterly report.

"The UK economy is therefore set for a recovery," said BoE governor Mervyn King, who will be replaced by Canadian central bank boss Mark Carney in July.

"That is not to say that the road ahead will be smooth. This hasn't been a normal recession and it won't be a normal recovery.

"The bank does not expect a triple-dip recession but said GDP was likely to continue at below pre-financial crisis levels for around another two years."

The BoE report will likely ease concerns over the outlook, after a 0.3-percent contraction in the fourth quarter of 2012 left Britain on the brink of its third recession since 2008.

The bank's monetary policy committee (MPC) last week froze its key interest rate at a record-low 0.50 percent and maintained its quantitative easing cash stimulus.

In addition, last year Britain launched an £80-billion ($123.7 billion, 102 billion euros) "funding for lending" initiative -- which is aimed at providing banks with cheap funding to stimulate lending to households and businesses, and thereby boost growth.

"The MPC continues to judge that the UK economy is set for a slow but sustained recovery in both demand and effective supply, aided by a further easing in credit conditions -- supported by the bank's programme of asset purchases and the funding for lending scheme -- and some improvement in the global environment," the report said.

"But the risks are weighted to the downside, not least because of the challenges facing the euro area."

The British central bank added that household budgets would be squeezed further, with 12-month inflation set to strike 3.0 percent in the coming months and hold above its official 2.0-percent target level for another two years.

Official data had shown on Tuesday that consumer prices index (CPI) annual inflation was 2.7 percent in January for the fourth month in a row, driven partly by rebounding food and drink prices.

- AFP/al

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Court issues production warrant against Om Prakash Chautala in disproportionate assets case

NEW DELHI: A Delhi court on Wednesday sought the presence of former Haryana chief minister Om Prakash Chautala in a disproportionate assets case in which he is an accused.

Special CBI judge Manu Rai Sethi issued the production warrant for Chautala for March 2 as the 78-year-old Indian National Lok Dal (INLD) chief was not brought to the court from jail, where he is lodged following his sentence of 10- year imprisonment in another corruption case.

"Let production warrant be issued in favour of superintendent on jail No.4 (where Chautala is lodged), Tihar directing production of accused OP Chautala for March 2," the court said.

The prosecution witnesses could not be examined today owing to Chautala's absence.

The CBI had on March 26, 2010 charged Chautala indicting him for allegedly possessing assets worth Rs 6.09 crore, far exceeding his legal income between 1993 and 2006.

Two such separate cases are also on against his sons Ajay and Abhay Chautala.

Chautala and Ajay Chautala were sentenced to 10-year imprisonment by a Delhi court on January 22 for illegally recruiting 3,206 junior basic trained (JBT) teachers in the state in 2000.

The CBI had registered three separate disproportionate assets cases against Chautalas on a complaint by Haryana Congress leader Shamsher Singh Surjewala.

Earlier, all the three cases were being heard in different courts and were transferred to one court on CBI's plea that all cases be transferred before a single judge as their trials at three different courts will lead to inordinate delay in concluding them.

In its chargesheet, the CBI had alleged that Chautala's wealth was 189 per cent more than his income of Rs 3.22 crore during the period.

The CBI had also said that Ajay was possessing assets exceeding his legal income by 339.27 per cent. His legal income between May 1993 and May 2006 was Rs 8.17 crore. However, he acquired assets worth Rs 27.7 crore, CBI alleged.

Abhay owned assets worth over five times his income of Rs 22.89 crore as per income tax records during the 2000-2005 period. The agency claimed to have found Rs 119.69 crore worth of assets.

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Obama Pledges U.S. Action on Climate, With or Without Congress

If there were anything in President Barack Obama's State of the Union to give hope to wistful environmentalists, it was the unprecedented promise to confront climate change with or without Congress, and to pursue new energy technology in the process.

Following his strong statements in his inaugural address about the ripeness of the moment to address a changing climate, Obama outlined a series of proposals to do it. Recognizing that the 12 hottest years on record all occurred in the last decade and a half, Obama said his most ambitious goal would be a "bipartisan, market-based solution," similar to the cap-and-trade system that died in Congress during his first term.(See related story: "California Tackles Climate Change, But Will Others Follow?")

But without legislative action, Obama threatened to act himself using executive authority. "I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy," he said. That will translate, White House officials said earlier in the week, to new regulations for existing coal-burning power plants and directives to promote energy efficiency and new technology research. (See related story: "How Bold a Path on Climate Change in Obama's State of the Union?")

The effort isn't one that can be stalled, he noted. Not just because of a warming planet, but also because of international competition from countries like China and parts of Western Europe that have gone "all in" on clean energy.

Energy experts signaled support of Obama's comments on energy security, including a plan for an Energy Security Trust to use revenue from oil and gas production on public lands to fund new energy research. "Clean energy businesses commend the president for reaffirming his commitment to reduce greenhouse gas emissions and to address the damaging and costly impacts of climate change," Lisa Jacobson, president of Business Council for Sustainable Energy, said in a statement. The influential League of Conservation Voters perked up to Obama's vow to act on climate change, even if alone.

Noticeably unmentioned in the speech was the Keystone XL pipeline that would carry oil from Canadian tar sands to the refining centers of Texas. Environmentalists have urged Obama to reject the project's application for federal approval in order to hold the line against carbon-intensive production from the oil sands. (See related blog post: "Obama and Keystone XL: The Moment of Truth?") Energy analysts believe Obama is likely to approve the project in the coming weeks, yet at the same time offer new regulations on domestic oil and natural gas development.

Other environmental analysts took Obama's remarks as simple talk, so far not backed by action. “How many times do we have to have the problem described?” David Yarnold, president of the Audubon Society said after the speech. “Smarter standards for coal-fired power plants are the quickest path to a cleaner future, and the president can make that happen right now.”

Obama's path toward accomplishing those goals will likely be lonely. In the Republican rebuttal to Obama's speech, Florida Senator Marco Rubio sidelined climate change as an issue of concern and highlighted the deep partisan distrust. "When we point out that no matter how many job-killing laws we pass, our government can’t control the weather, he accuses us of wanting dirty water and dirty air," Rubio said. He echoed the long-held Republican concern that remaking an economy may not be the wisest way to confront the problem of extreme weather.

Central to Obama's efforts will be his nominees to lead the Environmental Protection Agency and the Department of Energy in his second term. Both roles were at times attacked over his first term, notably when EPA instituted new air and water regulations and DOE was caught making a bad investment in the now-defunct solar manufacturer Solyndra. If the tone of his State of the Union offers a blueprint, he'll choose people unafraid to act.

This story is part of a special series that explores energy issues. For more, visit The Great Energy Challenge.

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Charred Human Remains Found in Burned Cabin

Investigators have located charred human remains in the burned-out cabin where they believe suspected cop killer and ex-LAPD officer Christopher Dorner was holed up as the structure burned to the ground, police said.

The human remains were found within the debris of the burned cabin and identification will be attempted through forensic means, the San Bernardino County Sheriff-Coroner Department said in a news release early this morning.

Dorner barricaded himself in the cabin in the San Bernardino Mountains near Big Bear Tuesday afternoon after engaging in a gunfight with police, killing one officer and injuring another, the San Bernardino County Sheriff's Department said.

Cindy Bachman, a spokeswoman for the department, which is the lead agency in the action, said Tuesday night investigators would remain at the site all night.

FULL COVERAGE: Christopher Dorner Manhunt

When Bachman was asked whether police thought Dorner was in the burning cabin, she said, "Right. We believe that the person that barricaded himself inside the cabin engaged in gunfire with our deputies and other law enforcement officers is still inside there, even though the building burned."

Bachman spoke shortly after the Los Angeles Police Department denied earlier reports that a body was found in the cabin, contradicting what law enforcement sources told ABC News and other news organizations.

Police around the cabin told ABC News they saw Dorner enter but never leave the building as it was consumed by flames, creating a billowing column of black smoke seen for miles.

A news onference is scheduled for later today in San Bernardino.

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One sheriff's deputy was killed in a shootout with Dorner earlier Tuesday afternoon, believed to be his fourth victim after killing a Riverside police officer and two other people this month, including the daughter of a former police captain, and promising to kill many more in an online manifesto.

PHOTOS: Former LAPD Officer Suspected in Shootings

Cops said they heard a single gunshot go off from inside the cabin just as they began to see smoke and fire. Later they heard the sound of more gunshots, which was the sound of ammunition being ignited by the heat of the blaze, law enforcement officials said.

Police did not enter the building, but shot tear gas inside.

One of the largest dragnets in recent history, which led police to follow clues across the West and into Mexico, apparently ended just miles from where Dorner's trail went cold last week.

It all began at 12:20 p.m. PT Tuesday, when a maid working at a local resort called 911, saying she and another worker had been tied up and held hostage by Dorner in a cabin, sources said.

The maid told police she was able to escape, but Dorner had stolen one of their cars, which was identified as a purple Nissan.

The San Bernardino Sheriff's Office and state Fish and Game officers spotted the stolen vehicle and engaged in a shootout with Dorner.

Officials say Dorner crashed the stolen vehicle and fled on foot only to commandeer Rick Heltebrake's white pickup truck on a nearby road a short time later.

"[Dorner] said, 'I don't want to hurt you, just get out and start walking up the road and take your dog with you.' He was calm. I was calm. I would say I was in fear for my life, there was no panic, he told me what to do and I did it," Heltebrake said.

"He was dressed in all camouflage, had a big assault sniper-type rifle. He had a vest on like a ballistic vest," Heltebrake added.

Ten seconds later, Heltebrake said, a "volume of gunfire" could be heard.

The gunfire was from Dorner, who exchanged fire with two deputies, sources said.

The two deputies were wounded in the firefight and airlifted to a nearby hospital, where one died, police said. The second deputy was in surgery and was expected to survive, police said.

Police sealed all the roads into the area, preventing cars from entering the area and searching all of those on the way out. All schools were briefly placed on lockdown.

Believing that Dorner might have been watching reports of the standoff, authorities asked media not to broadcast images of police offficers' surrounding the cabin, but sent him a message.

"If he's watching this, the message is: Enough is enough," Los Angeles Police Department spokesman Andy Smith told reporters at a news conference Tuesday. "It's time to turn yourself in. It's time to stop the bloodshed. It's time to let this event and let this incident be over."

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Thailand warns of possible threat to US consulate

BANGKOK: Thailand said on Tuesday that it had tightened security around the US consulate in the northern city of Chiang Mai in response to warnings of a possible terrorist threat.

Prime Minister Yingluck Shinawatra said she had "instructed security officials to step up security protection" at the diplomatic facility.

"The US embassy did not make any special request but we have to be vigilant and cannot be reckless," she told reporters.

A Thai senior intelligence official who did not want to be named said the government had received information late last week about a possible threat.

"We have learned that Al-Qaeda linked Salafists (ultra-orthodox Islamists) may be planning an attack on the US consulate in Chiang Mai," he told AFP.

"It's difficult to find them because there are a lot of tourists in Chiang Mai and also it's hard for them to find weapons to mount an attack," he said.

The heightened security comes as Thailand and the United States stage 11 days of annual joint military exercises known as Cobra Gold.

A spokesman for the US embassy in Bangkok, Walter Braunohler, declined to comment on the reported threat but said the consulate in Chiang Mai was open as usual.

"We continue to take every precaution necessary," he added.

- AFP/al

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