In Thursday's South Asia papers

03 April 2008 04:30  [Source: ICIS news]


Front Page

India short of 600,000 doctors
Even as India faces an acute shortage of manpower in the healthcare sector, the country holds the top position when it comes to its physicians migrating to developed countries like Britain and the US.

This summer, have a working vacation in US
If you are a college student, here is something that could make your summer vacation memorable. There is a US government programme under which you can travel to the US and fund your trip by working there.


Anil Ambani, Kotak eye commixes
The Reliance Anil Ambani group is believed to have decided to enter the commodity trading business by setting up a large exchange in the country as part of its plans to capitalise on the vast opportunities in this market.

India Inc mobilises Rs 320bn cr via rights issue
India Inc has mobilised a record over Rs 320bn ($8.04bn) through issue of shares on rights basis in fiscal 2007-08, driven by the mega issues from State Bank of India and Tata Steel, a latest report says.


Front Page

Stock markets fail to cheer overseas buyouts
Indian stock markets seem to dislike big ticket acquisitions, at least in the short term. Share prices of Indian acquirers have been hammered after recent big bang overseas acquisitions.

Virtualisation set to transform face of IT: Gartner
Terming virtualisation as the trend with the highest impact on IT infrastructure and operations through 2012, research firm Gartner said it will transform how IT is managed, what is bought, how it is deployed, how companies plan and how they are charged.


Front Page

Political dialogue soon 
Government will commence the much-awaited national dialogue with the political parties as well as the civil society leaders towards the end this month.

ACC lodges case against DCC Mayor, his wife, 2 kids
The Anti-Corruption Commission (ACC) on Wednesday filed a case against Dhaka City Corporation (DCC) Mayor Sadek Hossain Khoka, his wife and two children


Key lending rate in BD to average at 15% in 2008: EIU
London-based Economist Intelligence Unit (EIU) expects the key lending rate in Bangladesh would average at 15% in 2008 as compared to 16% in 2007.

Commerce advisor urges foreign businessmen to invest in Bangladesh
Commerce Advisor Dr Hussain Zillur Rahman on Wednesday urged foreign investors to invest in Bangladesh to avail its huge business potentialities in terms of cost effectiveness.


Front Page

Sri Lanka sovereign credit downgraded
Fitch Ratings has downgraded Sri Lanka's sovereign rating by one notch to 'B+' saying budgets were weak, inflation was high and the country was borrowing heavily from foreign lenders at commercial rates.

Economic growth will slowdown in Sri Lanka – ADB
Sri Lanka's economic growth will probably slow to 6% in 2008 and 2009 from 6.8% in 2007 due to high interest rates and global economic weakness, the Asian Development Bank said today.


Ranjith Page clinches top award of CIMA 'Business Leader of the Year'
CEO Cargils Limited Ranjith Page  was honoured with the ‘Business Leader of the Year’ (Large Scale Organisation) Gold Award at the glittering CIMA Janashakthi Pinnacle awards held at the Cinnamon Grand held last evening.

National Achievers 2008
Lions Clubs  International  District  306 A1  invites  nominations  for  the  exclusive  National  Achievers  2008  Awards. These prestigious  awards  recognize  the outstanding   contribution  of  Sri Lankans  towards  the betterment of the society  and  advancement  of their  chosen  fields. The awards  Ceremony  will be held  at the  annul  convention of  lions  clubs  international  district 306 A1 on 3rd of May  2008 at the BMICH.


Front Page

Proposals for committees on FCR, judges submitted to PM
The law ministry on Tuesday submitted summaries to the Prime Minister’s Secretariat for the formation of parliamentary committees for repealing the Frontier Crimes Regulations (FCR) and reinstating deposed judges.

Shoaib back in news, with a ban
Fast bowler Shoaib Akhtar was banned for five years by the Pakistan Cricket Board (PCB) on Tuesday for repeated disciplinary violations.


Saudi-Pak Bank acquisition deal completed
The takeover deal of majority stake in Saudi-Pak Commercial Bank (SPCB) — a stock market listed company — by a consortium of International Finance Corporation (IFC), Bank Muscat, Nomura International and Sinthosis Capital was pronounced ‘done’ on Tuesday, as the acquirers went on to take control of 86.55% stake in the bank at $0.47 per share, which aggregated to investment of $213m.

‘Monetary policy fails to check inflation’
President of the Federation of Pakistan Chambers of Commerce and Industry Tanvir A Sheikh has said the projection of inflation at 8 per cent instead of 6 per cent in the current financial year amply reflects the failure of a tight monetary policy that has stifled economic growth but failed to contain inflation.


Front Page

Zardari, Altaf bury the past
Pakistan People's Party (PPP) and Muttahida Qaumi Movement (MQM) on Wednesday offered apologies for the mistakes that these two parties committed against each other over the past many years.

Removal of imbalance in fiscal system: FBR likely to propose new taxation measures
The Federal Board of Revenue (FBR) is likely to propose new taxation measures for checking the existing imbalance in fiscal system where poor people contribute more taxes as compared to the elite class.


Pakistan's economic growth may pick up to 6.5% next year: ADB
Economic growth in Pakistan is expected to be moderate, to 6.3%, in the 2007-08 and may slightly pick up, to 6.5% in 2008-09. The forecast is lower than the average 7% growth rate during the recent years, Asian Development Bank (ADB) said in a report on Wednesday.

Pak-Mauritius trade talks begin
The 7th round of Pak-Mauritius Joint Working Group started here on Wednesday to review the progress in the implementation of Preferential Trade Agreement (PTA) between the two countries.



By: Staff Reporter
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