In Friday's South Asia papers

25 July 2008 05:30  [Source: ICIS news]

THE TIMES OF INDIA

 

 Front page

 

 Get set for major reforms by UPA

With Left off its back, the UPA is all set to initiate major reforms, especially in the financial sector. Sources say PM will soon be taking up the issue with SP.

 

Now, 1-year rural stint a must for MBBS students

The Health Ministry has sent the final proposal for a compulsory rural stint for the MBBS students from next year, before they can apply for a PG degree in India.

 

Business

 

Anil gaining from political rejig?

The new political combination at the Centre seems to be favouring Anil Ambani group companies more than that of his elder brother Mukesh.

 

IOC runs out of funds, bonds to buy crude

Oil's relentless rally till the last fortnight combined with government lethargy in issuing bonds to make up losses on fuel sales have put IndianOil Corporation in a spot.

 

THE ECONOMIC TIMES

 

Front page

 

Rate uncertainty: Investors exit long-term debt schemes

The lack of clarity over the direction of interest rates beyond a quarter coupled with an erosion in value are driving investors from debt mutual fund schemes of a longer duration to ones having a short-term maturity.

 

'I have to stretch to step into the shoes of NRN & Nandan'

Over a year in office, Infosys Technologies CEO S Gopalakrishnan has found the going tough, given the fluctuating rupee and the spectre of economic slowdown. However, there seems to be an almost limitless growth opportunities with business horizons spreading, the CEO told ET in an interview.

THE BANGLADESH TODAY

 

Front page

 

HC declares Contempt of Court Ordinance 2008 illegal, rescinded

The High Court declared 'Contempt of Court Ordinance 2008' illegal and rescinded for being ultra vires of the Constitution and conflicting with the independence of the judiciary.

 

RPO-1972 to be amended not repealed: Sohul Hossain

In the face of growing demands from the political parties, the Election Commission has dropped the idea of repealing Representation People Order (RPO) ordinance 1972 and instead amends the previous law retaining the same title.

 

Business

 

Three state-owned closed jute mills will resume its operation soon: LGRD Adviser

Three state-owned closed jute mills situated in Khulna and Chittagong will be restarted soon under the supervision of private.

 

100 more resorts generating 60,000 jobs planned

Bangladesh could make a significant gain in export of workforce to the Maldives as the island-state has made a massive plan for establishing 100 more resorts in next two years that will generate 60,000 jobs.

 

DAILY MIRROR

 

Front page

 

No new updates.

 

Business

 

Ceylon Shipping in JV for bunkering

CSC Kandia (Pvt) Ltd, (pending BOI approval), which is a joint venture company between Ceylon Shipping Corporation Ltd. (CSC) and Ariston Oil and Shipping (Pvt) Ltd was awarded Licence by the Ministry of Petroleum and Petroleum Resources Development to carry out bunkering operations in Sri Lanka.

 

Cinnamon Island Alidhoo grabs coveted PATA award

Cinnamon Island Alidhoo, Maldives has been named the Grand Award winner in the ‘Education and Training’ category of the Pacific Asia Travel Association (PATA) 2008 PATA Gold Awards programme.

 

DAWN

 

Front page

 

No new updates.

 

Business

 

No new updates.

 

BUSINESS RECORDER

 

Front page

 

PPL says facing serious cash crunch: SSGCL, Pepco haven't paid gas bills

Pakistan Petroleum Limited (PPL) has claimed that it is facing serious financial crunch due to non-payment of gas bills by Sui Southern Gas Pipeline Limited (SSGCL) and Pakistan Electric Power Company (Pepco), official sources told Business Recorder here on Thursday.

 

Imported galvanised steel price up by Rs 4,000 per ton

Weakening rupee value has given rise to the price of imported galvanised steel by Rs 4,000 per ton in the local market during the last one and a half-week, traders said on Thursday. With the fresh surge, it is now being sold at Rs 85,000 per ton, as was previously available at Rs 81,000 per ton.

 

Business

 

Pakistan's foreign exchange reserves stand at $10.728 billion

The country's total liquid foreign exchange reserves stand at 10.728 billion dollars, says a statement issued by State Bank of Pakistan here on Thursday. On 19th July 2008, the foreign exchange reserves held by SBP figured 7.777 billion dollars, whereas net reserves held by the banks other than SBP amounted to 2.950 billion dollars.

 

Dr Waqar replaces Furrukh as Finance Secretary

In yet another major shake-up in top level federal bureaucracy, the government on Thursday replaced Furrukh Qayyum with Dr Waqar Masood as Finance Secretary. Dr Waqar Masood took over the charge of his new assignment. Furrukh Qayyum had replaced Dr Waqar Maaood from the post only two months back. Furrukh Qayyum has been again appointed as Petroleum Secretary.

By: Staff Reporter
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