GENTING Plantations Bhd has reported a pre-tax profit of RM301.9 million for its financial year ended Dec 31, 2009, down 37 per cent from the previous year's record level of RM482.88 million.

Revenue declined 27 per cent to RM755.6 million while earnings per share was 37 per cent lower at 31.1 sen, the company said in a statement Wednesday.

The weaker results in 2009 were mainly due to a six per cent year-on-year decline in the production of fresh fruit bunches (FFB) and softer prices of palm products amid a downturn in the global economy, it said.

The average crude palm oil (CPO) and palm kernel prices achieved in 2009 were RM2,236/mt and RM1,063/mt respectively compared with RM2,822/mt and RM1,595/mt in 2008, said Genting Plantations.

Contribution from the Property Division was also lower in 2009, down 45 per cent from the previous year to RM6.8 million due to the unfavourable economic conditions, the company said.

Expenditure incurred for the Biotechnology Division increased slightly in 2009 compared to 2008, but this was mitigated by the lower deficit recorded for the Plantation-Indonesia Division.

"Barring any unforeseen circumstances, the performance of the group for the coming financial year is expected to be satisfactory," Genting Plantations said.

The board of directors recommended a final dividend of 5.25 sen per ordinary share of 50 sen each, less 25 per cent tax, for the 2009 financial year.

This is higher than the final dividend of 5.0 sen per ordinary share, less 25 per cent tax, recommended for the previous year. - BERNAMA

LONDON, Feb 10 — The Bank of England (BoE) may have to pump more money into Britain’s fragile economy, Governor Mervyn King said today after the central bank forecast inflation would stand well below target in two years.

Presenting the BoE’s quarterly Inflation Report, King said recovery from the worst recession since World War Two would be slow with output below pre-crisis levels for some time to come.

And that gloomy outlook excluded the likelihood of fiscal policy being tightened hard after an election expected on May 6.

The pound fell and government bonds rallied as investors bet it would be a long time before the BoE started raising interest rates from their record low of 0.5 per cent — and could even boost its 200 billion pound asset-purchase scheme.

“It is far too soon to conclude that no more purchases will be needed,” BoE Governor Mervyn King told a news conference.

“So the Committee will keep its options open, and further purchases will be made if they prove necessary to keep inflation on track to meet the target in the medium term.”

The BoE has halted its asset purchase scheme — quantitative easing — after almost a year of buying mostly gilts with newly-created money to revive an economy which only emerged from an 18-month recession at the end of 2009.

In a sign that conditions are improving, the National Institute of Economic and Social Research said on Wednesday that growth picked up in the three months to January to 0.4 percent from just 0.1 percent in the final quarter of 2009.

Few analysts had expected the BoE to expand its QE scheme further this year but King’s comments make clear the Monetary Policy Committee has not decided one way or the other.

The Inflation Report cited a range of views among the MPC about the risks to inflation — suggesting the decision to keep policy on hold this month may not have been unanimous.

“There may well have been a split vote on the Committee — some members voting for further QE,” said George Buckley, an economist at Deutsche Bank.

Minutes of this month’s meeting are published on Feb 17.

The central bank’s forecasts show that inflation, which it is charged with keeping at 2 per cent, would stand at around only 1.2 per cent in two years — the usual policy horizon — if interest rates start going up later this year.

Inflation is seen below 2 per cent even if rates stay put.

“The door to further policy action is still wide open,” said Jonathan Loynes, economist at Capital Economics.

The economy, meanwhile, recovers only very slowly, with output not returning to pre-crisis levels until around mid-2011, according to the forecasts. GDP growth is seen at a rate of around 3.5 per cent in two years’ time.

The BoE emphasised a high degree of uncertainty over the outlook, picking out the future of government spending and taxes after the election as one key risk.

The opposition Conservatives are favourites to win and have promised a budget within 50 days of taking office that would tighten policy quicker than the ruling Labour Party’s plans.

Markets have been getting jittery about the prospect of a hung parliament where no party has an overall majority or the mandate to force through fiscal consolidation measures.

King said a consensus on the need to cut the deficit meant such an outcome would not be an issue for the MPC and dismissed the idea Britain may lose its top credit rating or could face a Greek-style debt crisis, as suggested by the Conservatives.

He also gave short shrift to speculation he was in collusion with any political party about plans to keep interest rates low — something the Conservatives have also mooted.

“Much remains in the air, depending on what the fiscal stance will be after the forthcoming election,” said Rob Carnell of ING.

“A tighter fiscal stance than implied by the pre-budget report might well see the Bank of England keeping rates on hold for far longer than markets currently expect, which should keep sterling under even more downward pressure.” — Reuters

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After trying even the best acne scar removal treatment products, you may find your scars do not respond well and may think about getting more drastic measures such as laser surgery. If you are considering going for acne scar removal procedure, you should keep yourself informed of just exactly what is involved instead of going ahead with it blindly. Check with your dermatologist or doctor to see if you are medically fit to undergo this surgical procedure.

Among other things, he will go through your medical bill of health and enlighten you on the treatment or procedure you are getting. You will then be presented with alternatives in accordance with your preferences discussed on how to get rid of acne scars.

There are many types of treatment which include inexpensive non-surgical and the considerably more costly surgical procedures. It is a good idea to try out non-surgical treatment first because surgery is a somewhat drastic procedure that could inadvertently have harmful side effects.

It used to be assumed that acne is a naturally occurring stage of growth when in fact it is quite commonly found in adults as well. And far from being just accepted as a passing phase of growing up, acne should be given due attention in seeking treatment to avoid subsequent acne scars as an unfortunate result of not seeking early treatment.

Even if there are a multitude of acne scar solutions you can try, there will be scars that have become too deeply rooted to be successfully removed and this can cause loss of self confidence and other related personal issues.

Oil glands become overactive when hormones start to act up giving rise to acne. Acne will come and go but the scars they cause often last a lifetime causing immeasurable distress.This often leads to a desperate search to get rid of acne scars of which fortunately, a variety of treatments are available today.

Many people also believe that using natural ingredients to treat acne scars is gentler on skin. Ingredients from fruits and vegetables are often found in skin care products and home remedies are used to achieve similar effects.

Using products available in the market to fade scars may be just as effective. These products contain skin lightening agents to help lighten acne scars to give the impression of a smooth even skin surface.

To avoid having to seek acne scar removal treatment, where the process is either expensive or tedious but very often both, consult your dermatologist at an early stage before the acne has a chance to cause deep-seated damage to skin. Corrected blemished skin will never be able to match the smoothness and appearance of natural, healthy skin.

While many of these treatments have reported success for many individuals, for others, it is likely that a combination of these various forms of treatment may require to be tested.

Another thing is that you should not expect miracles to happen. It is unrealistic to expect a speedy recovery. The old saying that time will heal is true because skin tissue regenerate over a period of time and only then will your acne scars fade away.

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If you are planning to make money blogging, having your own domain name is important because it establishes your blog identity, affects your ranking in search engines and the money value of your make money blog should you decide to sell your make money blog later on.

A dot com domain name costs about $7 a year upwards. Don’t save the $7. There are several points to keep in mind when deciding on a domain name for your make money blog.

1. Include A Main Keyword In Domain Name
   Choose a domain name that contains at least one main keyword. For example, if your blog is going to be about making money online, try and include “money” or some related word in it. This makes your blog more search engine friendly and helps in getting your blog rank higher in the search results pages.

2. Make A List Of Relevant Keywords
   List down main keywords or key phrases relevant to your blog topic. These are keywords you would use to type into search engines if you were searching for information on that topic.

3. Use Keyword Research Tools
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4. Use Domain Name Suggestion Tools
   Once you have a few keywords, you can try and form a domain name in different variations. Domain name suggestion tools are useful to give you some ideas:

   http://www.domainsbot.com/
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5. Create A Short Memorable Domain
   Try and configure the main keywords into a short, memorable domain name that is relevant to your blog topic.

6. Keep To Dot Com Domains
   These rank higher in search engine results, have higher perceived authority and better resale value.

7. Invalid Characters
   Your domain name cannot contain spaces, or begin or end with a hyphen. These characters are invalid: _ ! @ # $ % ^ & * + = ; :

8. Avoid Hyphens
   Don’t use hyphens as they can be confusing to remember. For example, http://moreblogmoney.com is better than http://more-blog-money.com

Chances are you will find it very difficult to have a short domain name that makes sense. The next best thing would be to incorporate keywords into a medium length domain name.

In addition to the handful of must-have Wordpress plugins I listed, there are several more which you should consider installing.

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They are easy to install and takes only a minute to set up. They are well worth your time.

1. Related Posts
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2. Comment Email Responder
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3. Add Sig
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5. Wordpress Database Backup
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6. ST Add Related Posts To Feed
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