Pregnant Filipina raped, murdered


Snatched off the street in Logan, Queensland on her way to work at McDonald’s.

A pregnant Filipina has been raped and killed by a still unidentified man in Logan Central, a suburb of Logan City in Queensland, Australia.
 
“My wife was eight weeks pregnant at the time she was taken,” Cory Ryther, husband of Joan Canino-Ryther, said in between sobs as he joined detectives at Logan police station on May 27. “I’d like to urge the public that anything they knew, anything … to come forward to get this guy.”
 
Quoted by the couriermail.com.au in a news report on Monday, he added: “Her family, my family, we want justice for my Joan.”
 
The article quoted the police as saying that Joan was sexually assaulted and suffered a blow to the head that brought her demise. It added that she must have been snatched off the street while walking to McDonald’s at Logan Central, where she worked, on May 21.
 
A local resident found her almost naked body at 7am the following day, Wednesday, in a yard on Leichhardt Street, about 900 metres away from her home on Mayes Avenue.
 
Police said they located on May 27 a man who went to a home on Mayes Avenue and asked to be let inside on the night Joan was murdered. But the man, described as wearing a yellow top on the night the crime was committed, has already been released.
 
Ryther, a Canadian-born chef, said his wife worked eight hours a day at McDonald’s and went to school in the daytime, a schedule she had maintained the past three years.
 
“Joan was a very determined woman,” he said. “She was the only one out of her brothers and sisters who finished their education.” Joan was the youngest in a brood of eight, he added.
 
“Nothing would stop her from doing what she wanted to do,” he said, revealing that Joan had wanted so much to be of help to her family back home, especially her brother who became the breadwinner when their father got murdered just before she was born. “In turn she promised her nephews she would put them through school.”
 
Armed with an ultrasound image of his unborn child, Ryther told the media in Logan Central that his wife had set up a Facebook page for the child, a girl, whom they had named Camille Gayle.
 
“What was taken from me was not just my wife but was also my child,” Ryther said.
 
Ryther and Joan got married in October 2011 in the Philippines, after meeting at Stones Corner, in Logan, while he was getting a coffee and she was on a lunch break from studying hairdressing in February 2011.

Anti-narcotics officials from Saudi Arabia are in Manila meeting with their counterparts to forge closer ties between the kingdom and the Philippines in their fight against drug trafficking.

Saudi Arabia, host to the largest number of overseas Filipino workers (OFWs) at over 1.5 million, considers drug trafficking a heinous crime punishable by beheading.

“We are returning the favour,” Undersecretary Arturo Cacdac Jr, chairman of the Philippine Drug Enforcement Agency (PDEA), who recently visited Riyadh, told reporters on Monday.

Composed of officials from Saudi Arabia’s General Directorate for Drug Control, the kingdom’s delegation, headed by Major General Othman Nasser Al Mhrij, on Monday paid a courtesy call to Cacdac as part of their programme to build stronger bilateral ties against illegal drugs.

The delegation’s visit to the PDEA national headquarters in Metro Manila’s Quezon City, Cacdac said, “served as an avenue” for the Philippines “to showcase its operational capabilities in and facilities for dealing with crimes related to illegal drugs.

Cacdac, who spoke on May 1 at the “2nd Regional Symposium on Narcotics Control and Information Exchange” in Riyadh, said: “The symposium was an excellent opportunity to open lines of communication, share operational experiences and knowledge about international drug syndicates and the best possible practices in combatting them.”

AP

Rupee: Most Undervalued Among all Currencies


The Economist’s latest Big Mac Index has come up with a survey and declared Indian rupee to be the most undervalued currency. Currently rupee trades at around 61 percent below its actual price against dollar. 8 out of 10 Asian currencies are undervalued. The currency rating was done by analyzing how a particular good will carry different values in different countries. McDonald’s popular burger was t he chosen one to evaluate the costs of the same burger in different countries. Through this the effective purchasing power of different currencies is measured.

Rupee: Most Undervalued Currency Among all Currencies

Swiss Franc and the Norwegian Krone which had a currency index more than 60 percent were the two countries which were overvalued compared to the U.S. dollar. Further down were Sweden Brazil with over 40 and 30 percent overvaluation.

Indian Rupee has been hitting the ground for the last two years. Ukraine, Hong Kong and Malaysia are close at over 40 percent undervaluation. China’s Yuan is the fifth most undervalued currency with over 40 percent overvalued with regard to U.S. dollar.

The last six months have witnessed 17 percent value depreciation of the rupee, which makes it more undervalued than Chinese Yuan, which is estimated to be standing at 41 percent. China has been under continuous pressure from U.S. to appreciate its currency and shift to a market-based exchange rate mechanism.

Big Mac has come up with a comparison between the prices of burger in the U.S., where it’s currently sold for $4.20. But in India the Maharaja Mac is priced at 84. The exchange rate of 51.90 to a dollar costs a burger in India for $1.62. The purchasing power parity (PPP) comes out at 20 when we divide the local price i.e. 84 by the U.S. price, i.e. $4.20. The currency is overvalued or undervalued can easily be calculated through the difference between PPP and the exchange rate. Previously when Big Mac Index came up with this statistics, the Indian rupee was trading at around 44.40 percent to a dollar, and was undervalued by 53 percent.

However, cheap burgers cannot be the deciding factor to know if a currency is overvalued or undervalued. There are different factors which states why a currency is overvalued or undervalued such as government policies hinder normal equilibration of exchange rates. Also the labor costs come into picture which plays a vital role in different countries.

Ajit Ranade, Chief Economist at Aditya Birla Group tweeted, “Reversal inevitable.” D K Joshi, Chief Economist at rating agency CRISIL added, “It is a proxy indicator and it does not signify much. But given our growth potential, capital inflows are expected to increase and there will be an appreciation bias.” An appreciation is on bet by most of the foreign exchange dealers, but the situation in Europe is under a close watch. The slower growth rate and perception of policy paralysis has shied off many foreign investors from Indian stock market, FIIs has withdrawn around 3,800 crore from the share market.

KFC Eyes 500 Restaurants in India by 2015


Putting behind violent protests against its entry in the mid-1990s, American restaurant chain Kentucky Fried Chicken, better known as KFC, has thrived on the growing fascination for fast food among the Indian middle class to chart a major expansion plan in the country through small-town penetration and innovative products.

Like its other American peers like Dominoes, Pizza Hut and McDonalds, this Louisville, Kentucky-based chain has also started tweaking its classical chicken recipes and introducing new ones like fiery grilled chicken and vegetarian dishes to suit Indian food habits.

KFC, which operates in 109 countries and claims to have more than 15,000 outlets around the world, expects to ramp up its restaurants in India to 500 by 2015, riding on eager and aspirational customers in its smaller cities.

“We are growing at a CAGR (compound annual growth rate) of 70 percent. We already have 150-plus restaurants in 30-plus cities and are confident of reaching our target of 500 by 2015,” Dhruv Kaul, KFC India’s marketing director, told IANS on the expansion process that started in 2005.

“We’ll mainly expand within the metros, but also in cities like Durgapur, Calicut, Kochi and other tier-two towns. The reception we are receiving in new towns is very, very encouraging,” Kaul said.

There has been a series of launches this year that included popcorn chicken, cappuccino, crushers and vegetarian and chicken rissoles, apart from the fiery grilled chicken.

Speaking about the new product, he said it was developed entirely within the country and was six months in the making.

“It went through six months of rigorous testing and the feedback we received was extremely encouraging as the flavour was well liked. It has done extremely well in the 10 days since its launch,” Kaul said.

“It’s a fiery product based on the Indian palate,” he added.

Made with juicy chicken pieces, fiery grilled chicken is marinated and seasoned with a blend of herbs and spices, and then grilled to perfection via a unique ‘steam roast’ process, developed specially for KFC.

Asked if the new product would find its way to other KFC restaurants in the South Asian region, Kaul did not rule this out.

“I can only speak for India but we have a robust exchange of ideas and products. We are inspired by the market and so I wouldn’t be surprised if this product even moves outside the region,” he said.

KFC had a rather shaky start in India, seeing violent protests from nationalists, farmers, health activists as well as animal rights activists that saw the vandalisation of its first outlet in Bangalore. The company has now put that behind and moved on.