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  Singaporean allegedly involved in Syria conflict being investigated: MHA
Posted by: cfa - 24-03-2014, 09:00 PM - Forum: Others - Replies (3)

37-year-old’s alleged travel to Syria was made known to the authorities after he had left Singapore

Published: March 22, 6:06 PM

SINGAPORE – The Ministry of Home Affairs (MHA) has issued the following statement in response to media queries on a Singaporean man who was allegedly involved in Syria conflict:

In response to media queries, the Ministry of Home Affairs confirms that we are investigating allegations that a “Haja Fakkurudeen Usman Ali” (“Haja”) may have recently travelled to Syria with the intention to undertake violence in the ongoing armed conflict there which started in 2011. Haja’s alleged travel to Syria was made known to the authorities by a member of the public after he had already left Singapore.

Haja, aged 37, is a former Indian national who obtained his Singapore citizenship in 2008. Haja worked as a manager in a local supermarket.

The authorities have also established that a “Gul Mohamed Maracachi Maraicar” (“Gul’) had abetted and assisted Haja in his radicalisation and plans to participate in armed violence in Syria. Gul, aged 37, is an Indian national and former Singapore Permanent Resident.

He was investigated under the Internal Security Act and although it was assessed that he did not pose an imminent security threat to Singapore, he has been deported and banned from entering Singapore for his role in abetting and aiding Haja.

While in Singapore, Gul worked as a System Analyst with a multi-national company.

We would like to remind the public to alert the authorities if they suspect that a friend or family member has become radicalised or who is planning to undertake armed violence overseas. This will enable the authorities to take appropriate action to prevent the person from pursuing acts of violence that could cause harm to himself or others and even lead to the loss of lives.

http://www.todayonline.com/singapore...vestigated-mha

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  Artist found dead in her bungalow swimming pool cremated Sunday night
Posted by: pianist - 23-03-2014, 10:06 PM - Forum: Others - No Replies

69yo still so young le

Nur Asyiqin Mohamad Salleh
The Straits Times, AsiaOne

Sunday, Mar 23, 2014

Ms Nancy Gan - artist, socialite and philanthropist - was cremated Sunday evening at Mandai Crematorium and Columbarium, after a two-day wake in Mount Vernon Sanctuary.

According to Lianhe Wanbao on Sunday, family members of Ms Gan are still in shock over the incident.

Said one relative who was interviewed: "We have never met the maid before, she was just here for 9 days, everyone is puzzled as to what happened.

"Although she (Ms Gan) can be a bit loud at times, she is a nice person."

The New Paper reported that Madam Gan had a privileged upbringing.

The daughter of a commander grew up in Hong Kong and never had to step into the kitchen. "She didn't know how to cook when she met her husband," Ms Yan said. "But she became known for hosting dinners at home for ambassadors' wives."

Madam Gan's younger brother Richard called her "an extremely nice and charitable person".

According to Shin Min Daily News, Ms Gan's second husband, former Hong Kong Legislative Council politician Hilton Cheong-leen, was spotted attending the wake.

Ms Gan's 23-year-old Indonesian maid, Dewi Suko Wati, has been charged with her murder and has been remanded for psychiatric assessment.

candicec@sph.com.sg

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  Li Ka-shing And Horizons Ventures: The Making of A Venture Powerhouse
Posted by: rogerwilco - 23-03-2014, 12:32 PM - Forum: Others - No Replies

http://www.forbes.com/sites/shuchingjean...use/print/

Shu-Ching Jean Chen, Contributor
FORBES ASIA | 3/12/2014 @ 4:53PM |4,084 views

Today Horizons Ventures is closely associated with Li Ka-shing, Asia’s most celebrated tycoon, but he waited two years after its founding before deciding to join in through his Li Ka Shing Foundation.

Li Ka-shing’s Sentries

The common investor behind a parade of success stories in global high technology, including Skype, Facebook, Spotify, Waze, Siri, DeepMind and Summly, was a venture capital firm started by two Hong Kong women as a personal investment vehicle. The pair had their own investing history before bringing in a tycoon.

Today Horizons Ventures is closely associated also with Li Ka-shing, Asia’s most celebrated tycoon, but he waited two years after its founding before deciding to join in through his Li Ka Shing Foundation.

Together, they have made $350 million cumulative investment.

In turn Horizons became the bridge connecting Li, at age 85 the world’s 20th richest person, with an estimated $31 billion fortune off stalwarts Hutchison Whampoa, Cheung Kong Holdings and Husky Energy, with the digital upstarts.

Solina Chau Hoi Shuen, the 52-year-old public face of Horizons, sheds light for the first time on the inner workings of Hong Kong’s venture powerhouse. She discloses, in a written reply to FORBES ASIA, that she founded Horizons in 2002 with her longtime business partner, Debbie Chang Pui Vee, now 63, to seek high-tech opportunities. Chang’s cousin Tung Chee Hwa, scion of the billionaire shipping family behind Orient Overseas Container Line, was then chief executive of Hong Kong, engaged in a futile attempt to create a Silicon Valley in its midst.

Chau will not comment on what share of the $350 million cumulative investment has come from her close companion Li or how proceeds are divvied up. His gains are to be allocated to the Li Ka Shing Foundation, which she heads.

“Mr. Li does not participate in day-to-day review and the selection work,” is what she says. “He loves disruptive innovations and sees it as kind of predictive lenses into the future. He loves to meet and geek with the founders and CEOs of companies within our ‘disruptive’ portfolio to understand their concepts and missions.”

The “disruptive” portfolio within Horizons’ 50-plus stable, mostly in Internet and mobile, refers to those “offering price competitive solutions to a host of real problems and that would be of meaningful impact to the world.” Other big Horizons groups focus on “data guzzling” and, since 2010, artificial intelligence.

For more than a quarter century the two Horizons founders have worked together in the same office in Wan Chai. “Solina and Debbie work hand in hand in all deals,” says Wendy Yu, a spokeswoman, “They are good friends, like a family.” Today they are joined by an investment group of eight other managers and a digital group, also of ten, to support the portfolio companies.

The Horizons pair had worked with Li at least twice before in hatching startups in China. In the early 1990s they took part in incorporating Beijing Oriental Plaza, which grew to become a sprawling upscale commercial complex not far from Tiananmen Square after Li got involved. The project forms the core assets of Hui Xian Real Estate Investment Trust, whose $1.6 billion IPO in 2011 heralded the world’s first RMB-denominated REIT.

Then, in 2000, two years before Horizons’ founding, the triumvirate joined again in listing a China-focused online startup, now known as Tom Group, in the process sparking a dot-com buying frenzy on Hong Kong’s fledgling second board. Chang was one of several strategic investors, extending a hand to founders Chau and Li, and has served on Tom’s board since.

Horizons’ investing model is unlike other venture capital firms that typically raise a pool of funds and set about to invest. Investments are initiated on a case-by-case basis, with Li “invited” to join in.

He schmoozes with young tech wizards of varied other pursuits–rock climber, backpacker, visual performance artist, navy commander, derivatives quant and trader. Nick D’Aloisio, founder of Summly, was only 15 years old when he brought his idea for an app that uses artificial intelligence to summarize large amounts of text. The company was sold to Yahoo a year ago for $30 million.

In February, with Horizons hosting, Li watched Hampton Creek Foods CEO and founder Josh Tetrick make a patented plant-based scrambled egg before sampling it. Tetrick got Horizons and Li to jointly inject $15.5 million in its latest $23 million financing round.

Li’s presence has been seen as a stamp of confidence in many money-losing startups. In 2005 Horizons got into Skype, one year before eBay paid $2.5 billion for the voice-over-IP service provider. The most successful was an early sliver of Facebook that would fetch nearly $1.5 billion today. Chau and Chang personally pitched the social site to Li in December 2007.

The Li Ka Shing Foundation, in turn, has put back its winnings in ways such as a $130 million donation to the Tel Aviv-based Technion Institute of Technology to foster knowledge transfer between China and Israel, where, through Horizons, Li has become the most active foreign investor.

Another Horizons bet is Medial Research, an Israeli firm using proprietary algorithmic analysis of medical data to assess patients’ risk levels and help physicians make diagnostic and therapeutic decisions, such as in colorectal cancer.

With its tight funding arrangement, Horizons can decline to speak of such common measures’ return ratios. Yu, the spokeswoman, says it “has a quite satisfactory exit rate.” No doubt.

[Image: 0311_solina-chau_650x455.jpg]Solina Chau

[Image: 0311_debbie-chang_650x4551.jpg]Debbie Chang

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  Newest Hedge Bet for China Developers – $2 Mil Puppies
Posted by: BlueKelah - 22-03-2014, 12:11 AM - Forum: Others - No Replies

http://www.mingtiandi.com/real-estate/pr...l-puppies/
Entertainment time!!
Check out the link for cute monster puppy pictures...

Newest Hedge Bet for China Developers – $2 Mil Puppies
As China’s property sales have slowed down and bad news has seeped into the country’s real estate market, many developers have been scrambling to invest in everything from US real estate to bottled water.

Now comes news of the latest mainland scheme for diversifying those property proceeds – buying $2 million puppies to start dog breeding operations.

According to a report in the Qianjiang Evening News this week, a real estate developer in eastern China’s Zhejiang province paid RMB 12 million (US$1.95 million) for a one-year-old golden-haired mastiff at a “luxury pet” fair on Tuesday.

The buyer reportedly was a 56-year-old property tycoon from Qingdao who plans to use his new stud to start his own dog breeding business.

In recent months other Chinese real estate entrepreneurs such as Vanke’s Wang Shi have diversified their holdings by buying into overseas property, such as Vanke’s Manhattan project announced last month. Slightly more adventurous was the January announcement by Hui Ka Yan, chairman of Vanke competitor Evergrande Real Estate, of plans to sell RMB 10 billion of bottled water this year.

However, the real money could be in going to the dogs.

In 2011, a red mastiff named “Big Splash” reportedly sold for RMB 10 million, and the report in the Qianjiang Evening News cited a sale last year of another mastiff for RMB 27 million at a fair in Beijing.

Looked at in light of these statistics, if the owner of recently failed Zhejiang Xingrun had invested in just a mastiff or two along the way, he might have been able to pay off his RMB 3.5 billion in debts with just 129 hounds. Give or take a few.

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  Enquiry of a deceased business man in singapore in 2010?
Posted by: RennaLee - 20-03-2014, 06:07 PM - Forum: Others - Replies (3)

Hey there
I found this link: http://www.valuebuddies.com/thread-371.html
And I was curious, does anyone know his net worth? because if he was so rich why did he run off..? Just very curious.

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  The Infiniti condo - woman attacked along dimly-lit path at 15m from back gate
Posted by: pianist - 19-03-2014, 11:35 PM - Forum: Others - No Replies

the bad thing about staying near noisy expressway, not just pollutive air, when you are in trouble, no one hear your screams ya?

She was returning home on Monday at 9:30pm from dinner with her friends, and as usual, took the path from the bus stop to the rear entrance of her condominium.

This was the same path she has taken multiple times a week in the four years her family has lived there.

That day was different from others though — mere steps away from the gate, 25-year-old Mei (not her real name) was suddenly attacked by a passing cyclist. She said he knocked her to the ground, straddled her hips and punched her head and face repeatedly while trying to stifle her screams.

Mei, a freelance graphic designer, believes she was the victim of a rape attempt. Because her attacker is still at large, her family has requested that her real name not be published to prevent him from tracking them down.

Mei said she wants to share her experience with Yahoo Singapore to warn women that the threat of a physical attack is real, and can happen here in Singapore. In fact, it happened on a short path located right beside the brightly-lit Ayer Rajah Expressway (AYE), that connects a bus stop and one of two back gates of her condominium.

The man, she says, looked to be aged between his late 20s and early 30s. He was about 1.75m tall, dark-skinned and muscular, and had a sharp nose. He was clean shaven, had short, dark hair and was wearing a pale-coloured T-shirt and jeans or dark pants. He also did not smell of alcohol at all.

"In other words, he looked fairly generic,” she said. “His clothes were clean, he was not at all ragged. I wasn’t scared of him (when we first passed each other),” She said she wasn't dressed provocatively either — in a long-sleeved black pullover with jeans.
He was cycling towards her after she alighted from a taxi by the road, and they made eye contact briefly as he passed. Mei walked on until she noticed an extra shadow apart from her own, and as she was turning around to see who it was, she received a punch on the right side of her head.

As she went down, he pounced on her, pinning her to the ground, plastering his hand over her nose and mouth as he repeatedly slammed her head into the ground with his other hand so she could not breathe.

As she screamed and thrashed around, biting the man’s hands and fingers three times as he struggled to flip her facedown, the one thing she knew was that she must keep fighting him.

“All I could do was just be really, really aggressive… to show him that he can’t win me, he can’t beat me. I’m going to keep fighting and I’m not going to let him have whatever he wants,” she said.

She is still thankful that the man was unable to get to her clothes — two people who happened to live in the same condominium appeared on the path, and the sight of them drove the man away on foot, leaving his white bicycle parked in the middle of the path.

“At some point I think he was getting desperate because he scratched me across my chest,” she said, adding that on the two or three occasions he successfully flipped her face down he would grope her breasts, almost in slow-motion. She struggled to turn herself back over each time, however, even scratching his face whenever she got the chance to.

He spoke just once, shouting, “Shut up, b***h!” as he tried to stifle her screams. His words surprised her, though, as she noted that his accent sounded local.

At the same time, Mei said she was conscious of the fact that the man was trying to drag her into thick bushes nearby. Knowing she would for certain be hidden well there, she strained to move toward the highway instead, where she had a chance of being more visible.

“It was pretty violent. I honestly thought I was going to die; he had his hand on me so long I couldn’t breathe, and I was so tired (from the struggle),” she said. “I just kept thinking about my family… the small little things; I just wanted life to go back to normal. Those things helped me fight this jerk off."

After he ran off, she rushed up to the two passersby, who escorted her and carried the man’s Aleoca brand bicycle into the condominium grounds. She made calls to her family and the police, who came and took statements from her.

She was then brought to the National University Hospital, where she was tested for signs of concussions or internal bleeding, and forensic investigators collected her fingernails and swabbed her face and mouth.

She came away from the scuffle with the right side of her face swollen and red, large bumps on both sides of her head, abrasions on her hands and elbows, bleeding from the lip and more scratches behind her left shoulder, which she discovered only after returning home from the hospital.

Be more careful

Mei attributes her “success” in fighting off her attacker to the accounts of girls who were similarly attacked in the past and shared online.

“I felt like the more I read these things, the less it seemed strange when it actually happened (to me),” she said. “I was able to actually think about scratching his face or yelling, or trying to play dead… and I had decided (when I read those accounts) that I don’t want to end up like the dead victims; I want to end up like those success stories, and I want to tell people about it.”

She also stresses she is not ashamed about what happened to her — apart from remaining focused on ensuring that justice is served on her attacker, she wants women to be aware of the things they can do if the same should happen to them.

“Things like constantly struggling, bending his finger backwards, biting, yelling or scratching flesh off their faces if possible, or at least getting at their skin, or playing dead when you get too tired,” she shared, adding that she read these things on Facebook, Reddit and other sites where these accounts were shared.

“I didn’t know I could get attacked at 9:30pm outside my condo, I think many women don’t know that. And I think they should start knowing that, because even though the pathway was very safe, and I’ve walked there at 2am before, this can happen," she said.

One of her two older brothers said their family planned to take the case up to their Member of Parliament S Iswaran, in the hopes of getting lights and a security camera placed on the path.

“There’s a lot of focus on HDB estates but much less on condominiums; that’s why you have these unlit pathways,” he added.

Police on Tuesday evening confirmed Mei’s report, and have classified it as an outrage of modesty. Investigations are ongoing.

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  CHINA’S BILLIONAIRE CLUB SET TO OVERTAKE UK, RUSSIA, FRANCE, AND SWITZERLAND—COMBINED
Posted by: rogerwilco - 15-03-2014, 12:40 PM - Forum: Others - No Replies

http://jingdaily.com/chinas-billionaire-...d-combined

BY LIZ FLORA

China’s total number of billionaires may be miniscule compared to the size of the country’s population, but it’s about to get a whole lot bigger in relation to the number of ultra-wealthy individuals in the rest of the world.
That was the finding of a new report released by global real estate consultancy Knight Frank for its annual Wealth Report released last week. According to the report, the number of billionaires in China is set to overtake that of the UK, Russia, France, and Switzerland combined as early as 2023, and will account for an 80 percent growth rate over the next decade.

While this percentage may seem staggering, the number of billionaires will still be pretty low—the exclusive group is predicted to hit 322 members by 2023. However, this amount will not only eclipse those from other top locales, but will add an extra US$1 trillion to global GDP every year until 2023.

The report also narrows its findings by city, concluding that Hong Kong, Shanghai, and Beijing will all move up the list of the top 10 global locations for ultra-high net worth individuals (UHNWIs) by 2024. While the cities are expected to be listed at fourth, sixth, and ninth place respectively by the end of this year, they will reach third, fifth, and sixth by 2024.

[Image: Screen-shot-2014-03-11-at-11.31.58-AM.png]

These numbers, however, are only a rough estimate—many experts believe that the actual total of China’s billionaires is much higher than what publicly available records can tell us. China’s massive amount of “gray income” means that counting the true number of billionaires can be a daunting task, and estimates can vary drastically. This year’s Hurun Report China billionaire count says there are already 358 billionaires in the country—a number that exceeds Knight Frank’s 2023 prediction—while Forbes has provided the much more conservative estimate of 152.
One main fact about this massive wealth growth that all reports can agree upon, however, is that real estate will play a major role (if there’s not a massive property bubble burst, of course). According to Knight Frank, prices in Beijing were up 17 percent in 2013, while Guangzhou and Shanghai rose 14 percent and 7.3 percent, respectively. Chinese property investors will also be looking abroad even more than they are now—and Chinese luxury developments in prime locations like London, New York, Sydney, and Vancouver are expected to rise.

[Image: Screen-shot-2014-03-11-at-11.41.19-AM.jpg]

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  Indonesian opposition party nominates Jakarta governor Jokowi for president
Posted by: rogerwilco - 14-03-2014, 06:52 PM - Forum: Others - Replies (2)

His confirmation was between 2-3 pm, call me crazy but I can't help looking at the stock market chart.... 'Jokowi effect'? Tongue

[Image: 1zvcs50.jpg]

for those who wonder who he is, check out the following links

New York Times
http://www.nytimes.com/2013/09/26/world/....html?_r=0

Economist
http://www.economist.com/news/asia/21594...ndidate-no

Bloomberg
http://www.bloomberg.com/news/2013-06-25...-asia.html

Time
http://world.time.com/2012/07/10/the-man...s-top-job/

Huffington Post
http://www.huffingtonpost.com/stanley-we...58036.html

Sydney Morning Herald
http://www.smh.com.au/world/joko-widodo-...34sc9.html

Quote:http://www.thejakartaglobe.com/news/jaka...tial-race/

Official: Joko Widodo Named 2014 Presidential Candidate by Megawati
By Abdul Qowi Bastian on 03:06 pm Mar 14, 2014

Jakarta. Will Indonesia look back on Friday, March 14 as the day the 2014 presidential election was decided?

The Indonesian Democratic Party of Struggle (PDI-P) nominated the wildly popular Jakarta Governor Joko Widodo as its presidential candidate on Friday, putting to an end months of speculation as to whether party chairwoman Megawati Sukarnoputri was readying her fourth bid for the highest office in Asia’s second-largest democracy.

The governor took a break from an impromptu visit to subsidized housing in Marunda, North Jakarta to welcome the newson Friday. He told a crowd of reporters and local residents that he was prepared to mount a campaign for the July election.

“I have been given the blessing of PDI-P chairwoman Megawati Sukarnoputri to be a presidential candidate,” Joko said before touching his head to the Indonesian flag in a show of respect. “Bismillahirrahmanirahim, I am ready.”

The PDI-P made the official announcement on Friday afternoon as Megawati read from a handwritten note at the party’s headquarters in Lenteng Agung, South Jakarta. The one-time president made a direct appeal to Indonesian voters, asking them to support Joko in the coming presidential campaign.

“My command is, as the PDI-P chairwoman, to the people of Indonesia who have consciousness for justice and honesty wherever you are: support Bapak Joko Widodo as PDI-P presidential candidate,” Megawati read.

She also urged voters to keep a watchful eye for election fraud during this April’s hugely important legislative elections. Political observers expect the PDI-P, the country’s main opposition party, to receive a boost in the legislative race amid growing discontent with members of President Susilo Bambang Yudhoyono’s ruling coalition.

https://twitter.com/PDI_Perjuangan/statu...5277079552

The PDI-P received 14 percent of the popular vote in the 2009 election, securing enough seats to control 19.69 percent of the House of Representatives. But the opposition party will have to convince a sizable percentage of new voters to mount a presidential campaign alone. Political parties need 25 percent of the vote or 20 percent of the House to nominate a presidential candidate without forming a coalition.

Yudhoyono tightened his grip on the House after the 2009 election, forming a six-party coalition that stands opposite the PDI-P. But a series of high-profile graft cases have all but destroyed the Democratic Party’s upper echelons and the president has struggled to keep the more unruly members, like the Prosperous Justice Party (PKS), in check.

The outcome of April’s legislative race will set the tone for the coming election, narrowing the crowded playing field to a few candidates and kick off the official campaign season. With Joko’s presidential bid at least partially on the line, Megawati asked her supporters to do whatever they could to ensure a clean election.

“Protect and guard the 2014 legislative elections, especially at polling booths and during tallying of the votes, from any fraud and intimidation,” Megawati said. “Strengthen your heart in guarding the democracy in our beloved Republic of Indonesia.”

Jakarta Governor Joko Widodo speaks with reporters in Marunda, North Jakarta, after the official announcement of his candidacy in the presidential race. (SP Photo/Carlos Paath)
Jakarta Governor Joko Widodo speaks with reporters in Marunda, North Jakarta, after the official announcement of his candidacy in the presidential race. (SP Photo/Carlos Paath)

The timing of the announcement, which came after months of silence from both Joko and Megawati, will likely bode well for PDI-P candidates in the legislative elections. The official legislative campaign season begins on Monday, March 16 — giving voters a weekend to digest the news of Joko’s run before the PDI-P takes to the streets.

“Making the announcement before the legislative elections will make the PDI-P’s electability the highest among all the parties,” said Wawan Ichwanudin, a political science lecturer at the University of Indonesia. “But there is still a possibility that Jokowi will lose the race.

“There are still undecided voters and other candidates. To date, Jokowi’s electability hasn’t surpassed 50 percent, so there is still a chance for any other candidate.”

If Joko fails to break the 50 percent threshold in the July election, the race will be decided with a run-off vote between the two most popular candidates. The governor was able to secure his position in Jakarta with a run-off, trouncing incumbent Fauzi Bowo, but a presidential race is an entirely different beast, Wawan warned.

“With less than 50 percent, there would have to be a second round of the election,” he explained. “This will give another chance for other candidates to team up against Jokowi and gather their votes. The possibility that this other team might win the race is still a reality.”

Joko routinely tops electability polls, but contenders like the Great Indonesia Movement Party’s (Gerindra) Prabowo Subianto and the Golkar Party’s Aburizal Bakrie are still at his heels. Both men announced their candidacy early in the game and have been making the rounds to drum up support ahead of the campaign season.

Aburizal, a mining and property tycoon, is pushing for a protectionist stance on Indonesia’s natural resources and is banking on the emergence of New Order nostalgia to provide a push for the Golkar Party — the one-time election machine of Indonesian strongman Suharto.

He has repeatedly gone on the record to say that Joko’s candidacy is a non-issue as far as he is concerned. The only real threats, Aburizal said, were Megawati and Prabowo.

Prabowo, the former leader of the nation’s feared Kopassus Special Forces, has taken great pains to recast himself as populist leader with an iron grip. His Gerindra party has embarked on an aggressive social media campaign illustrating the party’s commitment to anti-corruption and nationalism ahead of the election.

But allegations of human rights offenses, including kidnapping and killings during the chaos that capped off Suharto’s reign, could prove to be a substantial hurdle for Prabowo’s popularity among the nation’s emerging middle class.

Gerindra supported Joko and his running mate Basuki Tjahaja Purnama in the Jakarta gubernatorial race. But while Basuki has remained loyal to the Gerindra party, Joko was always with the PDI-P. The pre-election rumor mill has swirled with suggestions of a Joko-Prabowo joint ticket, peaking after Basuki made a Chinese New Year visit to Prabowo’s mountain-side compound, but so far any mention of a coalition remain speculation.

One Gerindra official said the party was not concerned with Joko’s emergence as a contender in the race.

“We have no problem at all,” said Habiburohman, the head of advocacy at Gerindra. “We are ready to compete with anyone. Prabowo has his own qualities, so we’re welcome to any contenders.”

Joko will have to answer for attempting to leave behind his post as the head of Indonesia’s chaotic capital less than halfway through his term, Habiburohman said. The governor rode into office on a reform ticket and promised to clean up Jakarta’s glacial bureaucracy.

Plans to expand the capital’s public transportation system, including the much-delayed construction of a monorail and mass-rapid transit line, have begun in earnest but it will be years before Jakarta residents feel the impact on their daily lives. The governor has, in the past, promised that his attentions were on the capital, not Merdeka Palace, but Friday’s announcement has cemented Joko’s ambitions for higher office.

“How people see it, his unfinished responsibility in Jakarta and his commitment will be a question that Jokowi has to eventually answer,” Habiburohman said. “It’s his business, not ours.”

Jakarta’s deputy governor suggested Joko take a leave of absence during the campaign season instead of vacating his office. There was still a lot of work to be done in the capital that needs Joko’s attention, Basuki said.

“All this time, the Governor has trusted me to lead meetings,” Basuki said. “I can make decisions. Or if there is anything Pak Jokowi wants to say, he can always call me during meetings.”

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  Malaysia Airlines hunt for missing plane
Posted by: pianist - 08-03-2014, 02:19 PM - Forum: Others - Replies (85)

Malaysia Airlines said a flight from Kuala Lumpur to Beijing went missing early Saturday, and the airline was notifying next of kin in a sign it expected the worst.

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  Malaysian billionaire backs RM230mil 'fountain of youth' research
Posted by: rogerwilco - 06-03-2014, 12:19 PM - Forum: Others - No Replies

http://www.thestar.com.my/Lifestyle/Heal...-research/

Malaysian billionaire backs RM230mil 'fountain of youth' research

BY JULIE STEENHUYSEN

US scientist behind the mapping of the human genome is now looking to uncover the secrets of aging and among his financial backers is Genting’s chief executive.

Craig Venter, the scientist who raced the US government to map the human genome over a decade ago and created synthetic life in 2010, is now on a quest to treat age-related disease.

Venter, 67, has teamed up with stem cell pioneer Dr Robert Hariri and X Prize Foundation founder Dr Peter Diamandis to form Human Longevity Inc, a company that will use both genomics and stem cell therapies to find treatments that allow aging adults to stay healthy and functional for as long as possible.

“We’re creating the largest data set of its kind, ever,” Venter said in an interview in his offices at the J. Craig Venter Institute in La Jolla, California, where he and his co-founders gathered after announcing the new venture on Tuesday.

Venter said the hope is to make new discoveries that promote longevity and help prevent diseases that accompany aging.

The startup company has US$70mil (RM230mil) in private backing and has already purchased two ultrafast HiSeq X Ten gene sequencing systems from Illumina Inc, a leading manufacturer of DNA sequencing machines, with the option to buy three more.

The company will use that technology to map 40,000 human genomes a year in a push to build the world’s largest database of human genetic variation. The database will include sequences from the very young through the very old, both diseased and healthy.

Dr Eric Topol, Scripps Health chief academic officer and director of the Scripps Translational Science Institute, called the venture “a big, audacious initiative and just the kind we need to make substantive progress in the field.”

Venter’s push into longevity follows the formation in September of biotechnology company Calico, which is backed by Google Inc.

“Undoubtedly, important biologic discoveries will be made along the way, but it remains unclear whether such efforts like Human Longevity Inc and Calico can influence longevity,” Topol said.

Diamandis, a serial entrepreneur and the company’s vice chairman, acknowledged that the quest for longevity has been taken up by many, going as far back as 1513 with Spanish explorer Ponce de Leon’s search for the fountain of youth.

What makes the timing of the new venture compelling, he said, is that it comes in a period of “rapid, exponential growth” for a host of new technologies.

He cited dramatic declines in the cost of genome sequencing, explosive growth in bandwidth, and the advent of cloud computing and machine learning technologies, all of which will be needed to make use of the vast amounts of data the group intends to collect.

In addition to gathering whole genome sequences, the company will gather genetic data on the trillions of microbes – including bacteria, viruses and fungi – living in and on humans.

By better understanding the microbiomes in the gut, in the mouth, on the skin and other sites on the body, the company said it hopes to develop better probiotics as well as better diagnostics and drugs to improve health and wellness.

Along with the microbiome data, Human Longevity Inc or HLI will collect data on the metabolome – the various metabolites, biochemicals and fats in the body – in order to get a better picture of the circulating chemicals that contribute to health and affect how drugs work.

The company’s initial treatment targets will be some of the toughest age-related diseases: cancer, diabetes and obesity, heart and liver diseases, and dementia.

Venter said the company will start first with cancer. It has teamed up with the Moores Cancer Center at the University of California, San Diego, with the goal of sequencing the genomes of everyone who comes there for treatment, currently about 4,000 to 5,000 patients a year, as well as doing a full genome sequence on their tumors.

“Cancer is one of the most actionable areas right now with genomic-based therapies,” Venter said, adding that cancer is just the starting point.

“We’re not just focusing on disease,” he said. Rather, he sees the database has a means of getting concrete answers to the question of nature versus nurture.

“From your genome, we will know everything about who your ancestors were genetically, what you got from them, your type of memory, your type of fundamental metabolism, even whether you are an optimist or a pessimist,” he said.

“A lot of these things are genetic traits that aren’t just nice things to know. They are also predictive of medical outcomes.”

But the venture is not just a science experiment. Venter envisions the database the company builds will be attractive to a host of potential clients, ranging from researchers and drug companies to insurance companies.

Although he declined to name any potential drug company partners, Venter said already there have been “lots of interested parties talking to us.”

In addition to UCSD, the company has established strategic collaborations with privately held Metabolon Inc of North Carolina, a company that focuses on biochemical profiling, as well as his own J. Craig Venter Institute, a nonprofit genomics research institute.

Venter said the first round of funding should last about 18 months. Initial backers include Tan Sri Lim Kok Thay, chairman and chief executive of Malaysian multinational Genting Corp, and Illumina. – Reuters

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