In Friday's South Asia papers

23 November 2007 04:30  [Source: ICIS news]

MUMBAI (ICIS news)--These were the top stories at 4:00GMT in the following South Asia newspapers’ online versions on Friday. ICIS has not verified these stories and does not vouch for their accuracy. To go to the individual websites, click the links below:

The Times of India
Front Page

Commonwealth suspends Pakistan
The Commonwealth on Thursday suspended Pakistan from the organisation until the return of democracy and the rule of law, the group's Secretary General said.

OSO vs Saawariya: Picture still fuzzy?
It's been a virtual slugfest at the box office this week, with the two Diwali biggies battling it out at the hustings.

Business

Airlines blame travellers for lost check-in baggage
Last month, an international air traveller touched Delhi from Toronto via Paris, but his check-in baggage didn’t. "Upon enquiring about its status, an official told me it would be delivered at my residence the next day,’’ he said.

Airlines fear another ATF rise
With oil prices nearing $100, domestic airlines are expecting yet another hike in aviation turbine fuel (ATF) price on 1 December that would once again be passed on to passengers.

The Economic Times
Front Page

Mid-cap shares on a downward path
A late recovery in frontline shares pared the losses in the Nifty and the Sensex, but bears had a free run at mid-cap and small counters on Thursday. The session was marked by volatility as the sentiment in world markets continues to be fragile.

HR reserves the right to rehire brightest employees
CBS Radio suspended, then fired, host Don Imus in April 2007, eight days after he made racial and sexual slurs toward the Rutgers University women’s basketball team on his programme.

The Bangladesh Today
Front Page

Discordance in relief efforts
Sufferings of the storm-hit people are mounting day by day as the scarcity of food, safe water and medicine persists and diarrhoea situation has taken a serious turn in the affected coastal districts battered by the cyclonic storm SIDR.

Aid worth $200m pledged
Different foreign countries and development partners have pledged to give $200m as aid for the hurricane-hit people.

Business

SEC chief for responsible role in capital market
Chairman of the Securities Exchange Commission (SEC) Faruq Ahmad Siddiqi on Thursday said stakeholders of the capital market should play a responsible role and remain alert to check the recurrence of the 1996 share market debacle.

Malaysia to enact new law for protecting rights of foreign workers
Malaysian High Commissioner Abdul Malek Bin Abdiul Aziz revealed this at a press conference of Bangladesh Malaysian Chamber of Commerce and Industry (BMCCI) at the Jatiya Press Club here on Thursday.

Daily Mirror
Front Page

No funds for ‘Eastern Rising’: JVP slams government
JVP charged in Parliament yesterday that the government had failed to allocate any funds for the large scale projects that come under the ‘Negena Hira Navodaya’ (Eastern Rising) programme while allowing the NGOs to intervene in the development in the region.

Humanitarian agencies unaffected by TRO ban
Humanitarian agencies operating in the Wanni, yesterday said the ban on the Tamil Rehabilitation Organisation (TRO) had minimal impact on their operations at ground level while UN agencies said they had no links with the organisation.

Business

Stop the Brain Drain
An English daily recently pointed out that our Health Sector is today hit by the brain drain and the GMOA wants better facilities and higher salaries given immediately as an antidote to keep the doctors from going away to other countries.

Sri Lanka land rich firm changes hands
The control of Ceylon Leather Products has been passed on to a consortium of Lionhart and Galleon International Fund with the main shareholders S A Perera and Company selling out, dealers said.

Dawn
Front Page

Deal shadow over Sharifs homecoming
With a sudden change of heart on the part of the ruling Saudi family, Pakistan’s former Prime Minister Nawaz Sharif has been invited to Riyadh from his safe house in Jeddah to meet King Abdullah on Friday, and there are strong indications that he may be allowed to return to Pakistan later this month.

Way almost cleared for Musharraf’s oath-taking
The Supreme Court on Thursday dismissed the last pending challenge to General Pervez Musharraf’s re-election, but announced that it would hand down a short order on Friday, clearing the final obstacle to his becoming civilian president.

Business

Textile trade bodies resent hike in gas tariff
Rejecting governments decision to increase gas tariff by 6.5% early next year, textile trade bodies apprehended that it would prove fatal to entire sector and result in more shutdowns and closures.

Long-term industrial policy on the cards
A long-term industrial policy, with clear goals, targets and sector-specific incentives, is being planned to develop the much-needed engineering goods industry aimed at widening the weak export base of the country.

Business Recorder
Front Page

Commonwealth suspends Pakistan
A Commonwealth ministerial committee on Thursday decided to suspend Pakistan from the 53-nation bloc pending the return of the rule of law following the imposition of emergency earlier this month.

Nawaz Sharif to meet Saudi King
Nawaz Sharif is to meet Saudi Arabia's King Abdullah on Friday to discuss plans to return to his homeland, a party spokesman said.

Business

Quarterly update on economy: ADB for ending political uncertainty
The latest ADB's update makes urgent call for ending political uncertainty, to ensure the present economic growth. In its latest Quarterly Update on Economy, the ADB has listed a number of positive developments on the economic front and spoken of some bottlenecks like upcoming power shortages.

ADB and AIM sign joint venture to boost regional trade
The Asian Development Bank (ADB) and the Asian Institute of Management (AIM) are jointly establishing a knowledge hub on regional trade and investment cooperation and integration.

By: Staff Reporter
+44 20 8652 3214

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