MALAYSIAN state-owned energy firm Petronas has suffered a 7.27 billion ringgit ($2.57 billion) loss in the final quarter of 2014 due to lower oil prices, the company says. 
 
MALAYSIA'S only Fortune 500 company - and the largest contributor to government revenue - said on Saturday the October to December performance was a reversal from the 12.76 billion ringgit profit it generated for the same period in 2013.

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The showing pulled down the company's profit for the whole year to 47.6 billion ringgit from 65.6 billion ringgit in the previous year, it said. The company warned of more tough going as crude oil prices are expected to remain depressed. "Based on the crude oil prices outlook whereby the average prices for 2015 are expected to be significantly lower than that of 2014, Petronas expects its 2015 performance to be impacted," it said. The company said it would take steps to reduce planned capital investments and operating expenditures in order to mitigate the potential adverse impact of low oil prices on its profitability.

This news is reprinted from site http://www.news.com.au/finance/business/petronas-suffers-257-quarterly-loss/story-e6frfkur-1227243042697
‘Wellness Warrior’ Jess Ainscough dies from cancer

A POPULAR Australian ‘wellness’ blogger has died at the age of 30 after a long battle with cancer. 
  Jessica Ainscough, known as the ‘Wellness Warrior’ to her thousands of social media followers, was diagnosed with a rare form of cancer at age 22.
Called epithelioid sarcoma, the cancer spread through her entire left arm and shoulder.

She underwent chemotherapy which was initially successful, but within a year the cancer had returned. Doctors told Jessica her best hope of beating the disease was to have her arm amputated. She refused.
She told her doctors she was declining all further conventional medical treatment to follow the Gerson therapy of ‘radical detoxification’.
“They were unimpressed,” she told The Australianin 2012. “They said I would die, basically. They used the phrase ‘nail in your coffin’.”


Instead of chemotherapy, Jessica followed the Gerson regimen of drinking 10 raw juices and undergoing five coffee enemas daily, as well as mineral supplements and sticking to a strict vegan diet.
“I didn’t chop off my arm. I didn’t go into aggressive, full-body chemotherapy. I didn’t accept that my doctor’s ‘solution’ was the only course of action,” Jessica wrote on her blog.

“I decided that I would do everything in my power to thrive in life, despite the looming expiration date I’d been given. I learned how to treat myself with absolute kindness & self-respect.
 

“I radicalised my diet. I systematically detoxified my body — and mind. I discovered that wellness isn’t a destination, but a loving (and unconditionally forgiving) relationship with your own body.”

Jessica died on Thursday last week, according to her website.

“On February 26th, 2015, the world lost one of its brightest sparks,” her site now reads.

“After 30 years, seven of which were spent thriving with cancer, Jess Ainscough peacefully passed away.”

This  news is reprinted from site http://www.news.com.au/lifestyle/real-life/wellness-warrior-jess-ainscough-dies-from-cancer/story-fnq2o7dd-1227242521955
Tensions build ...Tony Abbott and New Zealand Prime Minister John Key visit Rural Fire Service firefighters in Auckland, New Zealand. Picture: Ray Strange
TONY Abbott’s visit to New Zealand was more like an election campaign than an official state, where he faced questions about leadership tensions and even joked about it.
In a way, it was part of a campaign: for Mr Abbott to keep his job.
Leadership tensions within the Liberal Party followed him across the Tasman and for all he insisted it was just “Canberra insider gossip”. Kiwi reporters were as fascinated by the intrigue as their Parliament House colleagues.
“Why not just stand down?” a baffled New Zealander asked at a press conference.
It was easy enough to avoid questions at an early morning outing to an Auckland glass factory with wife Margie, few media and half a dozen workers brought in specially on the weekend to meet the PM on his 15-minute tour.

But even at the formal bilateral meeting with NZ Prime Minister John Key, Mr Abbott couldn’t escape the ghost of a possible challenge.
“John and I obviously have discussed leadership, and I’ve come to the clear conclusion that John’s leadership is safe,” Mr Abbott joked to reporters at a joint press conference after the meeting. Luckily, the lure of cricket provided some distraction.
Mr Abbott is in New Zealand for security and trade talks with his counterpart John Key.

Robb: Abbott ‘earned’ right to leadership

Trade Minister Andrew Robb says Tony Abbott has “earned’ the right to lead the Liberal Party as the embattled PM again defends his precarious position.
Speaking to reporters this morning, Mr Abbott brushed questions on his future: “I’m, as you would expect, undistracted and undeterred by the hyperventilating which seems to be taking place at least amongst the media. “
Despite his confidence, there is intense speculation in Canberra about a second leadership spill.
More Liberal MPs believed to have joined the 39 out of 102 who supported a spill motion on February 9.

It is unclear whether it is now a party room majority.
Speaking this morning to Sky News, trade minister Andrew Robb backed Mr Abbott to lead the government at the next election.
“He has earned the right to take us to the next election,” Mr Robb said.
“That is usually the disposition of people when they vote a government in, that they would expect the prime minister to be given the opportunity to play out his program.”
Foreign Minister Julie Bishop, also in New Zealand, said she knew nothing about a leadership spill motion being planned for next week.
“I am not aware of any attempt to bring a spill motion to challenge the leadership. I am not aware of any such approach,” Ms Bishop told New Zealand’s TV3 Network.

“There was a motion for a spill of the leadership a couple of weeks ago, it was defeated.” Ms Bishop would not be drawn on whether she would back Mr Abbott in a leadership challenge, labelling it a hypothetical question. “I support the leader that the party has elected,” Ms Bishop added

Will Malcolm make his move?

Communications Minister Malcolm Turnbull is widely touted as the most likely challenger to Mr Abbott.
Mr Turnbull has so far refused to be drawn on whether he is considering a tilt at the top job.
Early this morning, Mr Turnbull again brushed off questions about the federal leadership.
“The single most important choice here in New South Wales is between Mike Baird and Luke Foley,” he told the Nine Network outside his Sydney home.
“The question the people of New South Wales have is do they want to put back into power the party of Eddie Obeid.”
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Assistant Treasurer Josh Frydenberg denied Tony Abbott was in a worse position now than before the leadership spill motion earlier this month.
“I don’t think he is,” Mr Frydenberg told Sky News.
“He has been on the job getting around to more than a dozen electorates around the country ... and he’s also made significant announcements on the submarine project on foreign investment review boards activities.
“The government is getting on with the job of governing.” He said there was “no doubt” that some of the MPs who previously voted in favour of a leadership spill “wanted to bring it on again”.
“They’re in a minority,” he added.
He said there were no indications that more coalition colleagues had turned against the prime minister.

Pressure mounts

Late yesterday ministers were holding their nerve and resisting backbench pressure to seek Tony Abbott’s resignation, saying the timing was not yet right to ask the Prime Minister to resign.
As leadership uncertainty continued to wrack the Liberal Party, Mr Abbott’s lieutenants were furiously trying to squash the efforts of backbenchers who were urging their Cabinet colleagues to “tap’’ Mr Abbott and replace him with either Deputy Leader Julie Bishop, or more likely, Malcolm Turnbull.
While no minister had yet agreed to approach Mr Abbott directly or as part of a delegation, the Herald Sun is aware of specific conversations between ministers about who should be tasked with the job.

One minister — an Abbott supporter — told the Herald Sun they did not know how much longer Mr Abbott could survive.
Another senior Cabinet minister said it was now doubtful Mr Abbott would make it until June, the unofficial time frame the party was working towards for the PM to lift his electoral fortunes.
“It’s politics — things change,’’ the minister said.
Mr Abbott has been threatened just 16 months into the job after a backbench rebellion over claims he was out of touch, showing poor judgment and failed to listen to his colleagues’ advice.
The situation remained volatile yesterday, with talks to continue over the weekend about what action if any should be taken against Mr Abbott as early as this week.

And two of Cabinet’s best-performing ministers, Ms Bishop and Social Services Minister Scott Morrison, once against distanced themselves from claims by Mr Abbott that the Prime Minister was essentially chosen by the people, and could only be removed by the people.
“As John Howard said, who leads the party is always the gift of the party room,’’ Mr Morrison said.
“I think anyone who pretends differently is kidding themselves.”
Ms Bishop told reporters: “It is self-evident that the individual members of the party room are able to elect the leader and the deputy leader of the Liberal Party.’’
Simmering unhappiness with the PM’s leadership flared again into full-blown anger on Thursday night after a brutal Question Time which saw the Government unable to gain the front foot in its battle over Human Rights Commission president Gillian Triggs, and Mr Abbott’s robust attack on her.


Spill motion dismissed

Backbenchers who agitated for the spill three weeks ago that was defeated 39-61 in the absence of a challenger have said they will not pull on another spill motion, and instead expected Cabinet to step up and tell the PM it was time to go.
“It’s on the blue carpet now, it’s gone way beyond us,’’ one said.
Mr Turnbull sought to play down the speculation, telling reporters Mr Abbott’s position was not untenable, and that he hadn’t been speaking to anyone about it.
The leadership woes followed Mr Abbott and Ms Bishop to New Zealand, where both appeared at the annual Australian New Zealand Leadership Forum.
Mr Abbott’s controversial chief of staff Peta Credlin does not appear to have joined him in New Zealand, a break from the established pattern of the past 16 months which saw her invariably join him on overseas trips.


Mr Abbott said last night that he was getting on with “good government” and neither he nor his colleagues would be distracted by rumour and gossip.
He also moderated his language slightly about who had the right to remove him, saying: “Well, obviously I am the subject of the party room and I’m the subject of the electorate.
“All democratic politicians in our system have different constituencies to which they are necessarily and rightly beholden.
“There is the partyroom and there is the people and I’m looking forward to continuing to have the confidence of both.’’
Mr Morrison, who is touted by some as the next treasurer if Mr Abbott is removed or resigns, labelled those agitating for immediate change as political “bed-wetters’’.
Asked by radio station 3AW if he wanted to be leader in the future, Mr Morrison replied: “anyone who goes into parliament who says that they don’t aspire to do as much as they can in politics is lying to you.
“I’m a fixer, I get things fixed, I get things done and that’s what I look to do in this portfolio and in welfare.
“People just need to stick firm, stay with the plan.’’


Ms Bishop urged her colleague to “focus on the interests and concerns of the Australian people.’’
“I don’t think this is helpful speculation,’’ she said.
“The motion for a leadership spill did not succeed. I urge my colleagues to get on with the job of governing for the people of Australia.”
Education Minister Christopher Pyne was one of the few to declare with confidence there would be no move against Mr Abbott next week.
“We are getting on with the job this week and there’s no suggestion there will be any kind of motion or leadership change next week,’’ he told Channel 9.


This news is reprinted from site http://www.heraldsun.com.au/news/ministers-hold-nerve-amid-pressure-from-backbenchers-to-oust-the-prime-minister/story-fni0fiyv-1227242108652